Buoyed by strong iPhone sales, Apple reported record quarterly revenue and profits that were well ahead of estimates and its own forecasts. Apple also projected revenue for the current quarter ahead of many analysts' expectations.
Why it matters: The October-to-December quarter includes the all-important holiday shopping season and Apple's results show the resiliency of its business
By the numbers:
- Apple posted per-share earnings of $4.99, on revenue of $91.8 billion, up 9 percent from a year earlier.
- The company had been expected to post per-share earnings of $4.54, on revenue of around $88.38 billion, according to consensus estimates.
- For the current quarter, which runs through March, Apple said it expects revenue between $63 billion and $67 billion.
