108 days ago • Posted by Paul de La Baume

#Apple posts highest-ever earnings! $AAPL #stocks #markets

Apple revenues, profit, iPhone sales, and services all beat analyst forecasts for Apple's last quarter of 2022. The results are particularly encouraging as it shows Apple is navigating well the global shortage of microchips. Sales of the iPhone giant increased 11% to a record USD123.9 billion in the 3 last months of the year. Mac sales were up 12% and Iphone sales jumped 9%. Sales from services are up a gigantic 23%. Specifically in China, sales gained 20%, which is very encouraging for the tech giant to be performing well in this key growth region. Apple stock is up 4.5% today, but still about 10% lower from the start of the year.