Apple iPhone powers quarterly sales to $111B: ‘Demand was off the charts’

Taiwan

Apple on Thursday forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up more than 3%. Apple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of 9.5% growth to $102.93 billion, according to data from LSEG. Earlier, Apple reported better-than-expected second-quarter results, with customers showing eagerness to buy a new MacBook model driven

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