Apple's IPhone Generated Great Results And A Solid Outlook
By DMO Affiliate
There werent many holes in Apple ’s March quarter results. Revenue of $45.6 billion increased 5% year over year and was nicely above the high end of the $42 to $44 billion guidance range. The Street was expecting about 38 million iPhones and Apple was able to sell 43.7 million, up 20% year over year when adjusted for channel inventory, suggesting that all the speculation on the upcoming iPhone 6 did not seem to hurt sales to any significant degree.
|Apple's IPhone Generated Great Results And A Solid Outlook|