1/27, 10:31 PM (Source: TeleTrader)
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Apple tops estimates with revenue of $123.9B in Q1

Apple said on Thursday its revenue in the first quarter of its fiscal 2022 amounted to $123.9 billion, climbing 11% year on year and topping estimates.

Diluted earnings per share (EPS) also came in above expectations at $2.10, surging 25% year on year. Meanwhile, iPhone sales were up 9% to $65.6 billion. The tech giant also declared a dividend of $0.22 per share that will be payable on February 10 to shareholders of record as of February 7.

"This quarter’s record results were made possible by our most innovative lineup of products and services ever," CEO Tim Cook stated.

Apple's shares rose 1.6% in after-hours trading on better-than-expected results.

Baha Breaking News (BBN) / NP