Apple Best Quarter Ever Sets the Tone. Forecasts Double-Digit Growth
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Apple reported a record December quarter with revenue of $143.8 billion, a 16% year-over-year increase, and earnings per share of $2.84, up 19%. The company forecasts March-quarter revenue growth of 13% to 16%, despite supply constraints for iPhones. Strong sales in emerging markets and a focus on AI and services were highlighted, with gross margin reaching 48.2%. CEO Tim Cook emphasized ongoing demand and investment in future technologies, while management noted challenges from supply chain issues and memory price inflation.
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