The Guardian Australia – Business
·business
·1 hour ago
Apple beats Q2 expectations with $111.2 billion revenue as Cook exits
Apple beat Wall Street expectations with $111.2 billion in second-quarter revenue, marking CEO Tim Cook's final earnings report before John Ternus takes over in September. The company reported double-digit growth across all geographic regions and $2.01 earnings per share, exceeding forecasts. Ternus inherits challenges including elevated chip costs from AI competition and balancing privacy protections with Chinese market demands.
Summary by Glance · The Guardian Australia – Business
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