Apple opened its books this evening and was once again able to exceed sales expectations.
The iGroup exceeded expectations with earnings of $2.91 per share. Analysts on average had forecast earnings of $2.77.
Apple generated revenue of 62.9 billion US dollars and posted a profit of 14.12 billion US dollars. In the fourth quarter of the 2017 fiscal year, revenue was only 52.6 billion US dollars and profit was 10.7 billion US dollars. Apple sold, among other things, 46.9 million iPhones, 5.2 million Macs and 9.7 million iPads.
After the market closed, the share price fell by 5 percent at times due to Apple's forecast, despite expectations being exceeded. The iGroup forecast sales of around 89 - 93 billion US dollars for the Christmas season. Analysts expected revenues of around 100 billion US dollars.
