Apple (AAPL) earnings Q3 2022


Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.  

Apple stock rose over 3% in extended trading.

Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:  

  • EPS: $1.20 vs. $1.16 estimated, down 8% year-over-year 
  • Revenue: $83 billion vs. $82.81 billion estimated, up 2% year-over-year 
  • iPhone revenue: $40.67 billion vs. $38.33 billion estimated, up 3% year-over-year 
  • Services revenue: $19.60 billion vs. $19.70 billion estimated, up 12% year-over-year 
  • Other Products revenue: $8.08 billion vs. $8.86 billion estimated, down 8%…

Source cnbc.com

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U.S. economy probably barely grew last quarter and may have contracted

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