Apple Reports Record Quarterly Sales and Profit Surpassing Forecasts

The American IT giant Apple exceeded the analysts' forecasts for the latest quarter. Both sales and profit were higher than expected.

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Apple Reports Record Quarterly Sales and Profit Surpassing Forecasts
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iPhone sales increased by 13 percent, and the turnover for the entire business rose by 10 percent – the largest increase in a three-month period since 2021.

It was an exceptional quarter, however you count, says CEO Tim Cook to CNBC.

The profit per share was $1.57, compared to the expected $1.43. The turnover landed at $94.0 billion, equivalent to 921 billion kronor, which was approximately half a billion dollars more than expected.

The sale of Mac computers did not go as well, however. There, the turnover was $8.1 billion against the analysts' forecast of $7.3 billion.

Among the positive news was also the racing film "F1" with Brad Pitt, which premiered in June. The film has grossed over $500 million, or 4.9 billion kronor, worldwide. It is Apple's largest cinema success so far.

The iPhone manufacturer's share, which after the turn of the year had fallen by about 15 percent, rose by just over 1 percent in after-hours trading on the New York Stock Exchange.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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