Reported 3 days ago
Apple's stock rose following a strong third quarter earnings report, which showed an EPS of $1.57 on $94 billion in revenue, surpassing Wall Street's expectations. CEO Tim Cook highlighted record revenue growth in iPhone, Mac, and Services. Apple's China sales were robust, and iPhone revenue reached $44 billion, exceeding projections. Despite these successes, the company faces challenges including potential tariffs on iPhone production, the impact of Google's antitrust lawsuit, and criticism over its slow AI development.
Source: YAHOO