Apple’s rosier outlook lifts shares
Trade tension has weighed heavily on Apple, but CEO Tim Cook says non-iPhone revenue is up 17% in China
30 July 2019 - 23:27
San Francisco — Apple’s quarterly profit and revenue beat Wall Street targets on Tuesday and its forecast for fourth-quarter sales topped expectations as well, with CEO Tim Cook saying that a “marked improvement in greater China” drove the results.
Services revenue in the fiscal third quarter rose 12.6% to $11.46bn, a record, but missed expectations of $11.73bn, according to IBES data from Refinitiv...
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