Apple Powers Up In This fall On Vacation IPhone Gross sales, Beating Wall Avenue Forecasts – .
Apple topped Wall Street’s estimates for the fourth quarter over the holidays, increasing sales of new iPhones to total sales of $ 111.4 billion, up 21% over the same period in 2019.
Earnings per share for the quarter ended December 26th were $ 1.68.
Wall Street analysts had expected sales of 103.3 billion US dollars and a profit of 1.41 US dollars.
Revenue from the iPhone core line, which was updated with a new set of devices last fall, came in at $ 65.6 billion, well above the $ 59.8 billion analyst forecast.
Apple is already a trillion dollar company and has continued its momentum into 2021. Shares rose more than 8% to an all-time high.
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