$AAPL crushed earnings. Revenue jumped 12% to $114.5B, net income up 14% to $2.10/share (vs. $1.99 est). Gross margins hit 47.9%, boosted by tariff refunds.
New CEO John Ternus addressed iPhone Duo supply crunch: "The ramp is going well, and we're not able to predict when we're going to have supply and demand in balance."
Shares react to strong quarter amid ongoing product shortages.
New CEO John Ternus addressed iPhone Duo supply crunch: "The ramp is going well, and we're not able to predict when we're going to have supply and demand in balance."
Shares react to strong quarter amid ongoing product shortages.