Apple Beats Sales Estimates; Shares Rise
- Revenue grows the most since 2015; sales of wearables jump
- IPhone sales meet projections; Apple sees more revenue gains
This article is for subscribers only.
Apple Inc. reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, its most-important product.
The Cupertino, California-based company also raised its dividend, unveiled a new $100 billion share buyback and said services sales jumped 31 percent.