Apple's Quarterly iPhone Sales Were Even Better Than They Seem
The company's 2018 decision to stop reporting unit sales in 2019 means investors aren't seeing the full bullish story. Fortunately, IDC is still keeping score.
Overview
Apple's (NASDAQ: AAPL) flagship iPhone business was nothing less than stellar in its recently reported fiscal third quarter. Revenue of $54.25 billion was not only up nearly 22% but also topped analysts' expectations of $53.86 billion. The iPhone also led a companywide beat of Q3 earnings and sales outlooks, offsetting its services arm's revenue shortfall.
Apple's iPhone franchise, however, may be even more of a workhorse than Apple's limited data disclosure about the popular smartphone suggests.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.