Apple beats on revenue and EPS

EPS:

  • $2.10 (vs. est $1.90)

Revenue:

  • $123.95b (vs. est $119.05b)

iPhone Revenue

  • $71.6b (vs. est $67.7b)

Service Revenue

  • $19.5b (vs. est $18.6b)

AAPL noted very significant global supply chain disruption, which weighed in particular of iPad. Added that this issue is receding.

AAPL shares are higher in after hours trading.

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