Here’s how $Apple(AAPL)$ did versus consensus estimates for the quarter ending in March:
EPS: $1.65 vs. $1.63 estimated by LSEG
Revenue: $95.4 billion vs. $94.66 billion estimated by LSEG
iPhone revenue: $46.84 billion vs. $45.84 billion estimated
Mac revenue: $7.95 billion vs. $7.77 billion estimated
iPad revenue: $6.4 billion vs. $6.20 billion estimated
Wearables, Home, and Accessories revenue: $7.52 billion vs. $7.95 billion
Services revenue: $26.65 billion vs. $26.70 billion
Gross margin: 47.1% vs. 47.1%
Mag 7 Earnings Wrap-up: Is AI Boom Still Driving the Market?
Big Tech's earnings season is nearly complete — with only Nvidia left on deck. Among the Magnificent 7, 3 names rallied after their reports, while Tesla, Amazon and Apple stumbled.
As earnings wrap up, one question remains: did this quarter reaffirm your faith in Big Tech? Who surprise you the most? Is AI boom still the best theme in stock market?
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