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Apple sells more iPhones than expected, shares jump after hours
July 26, 2016 4:32 PM EDTBy Julia Love and Anya George Tharakan
(Reuters) - Apple Inc (NASDAQ: AAPL) sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.
Its shares rose 7 percent in after-hours trading.
The world's most valuable publicly traded company said it sold 40.4 million iPhones in the third quarter, down 15 percent from the year-ago quarter but slightly more than the average analyst forecast of 40.02 million, according to research firm... More
Apple (AAPL) Tops Q3 EPS by 4c; Issues Solid Outlook
July 26, 2016 4:31 PM EDTApple (NASDAQ: AAPL) reported Q3 EPS of $1.42, $0.04 better than the analyst estimate of $1.38. Revenue for the quarter came in at $42.4 billion versus the consensus estimate of $42.09 billion.
The company sold 40.399 million iPhones in the quarter versus the consensus of 40 million. The company sold 9.95... More
