Apple (AAPL) Q2 Earnings Exceed Estimates with Strong Sales

AI Summary

Apple (AAPL) reported its second-quarter earnings, surpassing analyst estimates thanks to strong iPhone sales and robust performance in China. The quarterly earnings per share were reported at $1.26, exceeding the expected $1.20. The company's revenue grew by 8% year-over-year, driven by a 15% increase in iPhone sales. This performance indicates Apple's resilience amid ongoing supply chain challenges and positions the company favorably for future market trends.