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Apple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus

Reported · Written up by our desk · Equities

Result for the company, which earned $30.71bn and exceeded analysts’ expectations, bucked downward trend for tech firms Apple Inc posted stronger-than-expected revenue in the fiscal third quarter, giving John Ternus, the new CEO, an upbeat start to his tenure, which began in September. The solid results bucked a downward trend for tech giants this quarter, as companies including Alphabet, Amazon and Intel had disappointing quarterly results. “Apple’s strong earnings come in the wake of a recent tech sell-off, as investors question the enormous cost and uncertain returns of the AI boom driven b

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Sources

Guardian BusinessApple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus

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