Apple released results last night that beat estimates across the board on the back of better iPhone sales. Total Revenue came in at $94.8bln ahead of the analyst estimates of $92.6bln. CEO Tim cook also singled out India as the most populous country in the world now plays a more important role in both production and as a major market for the iPhone maker.
Although later to the party when it comes top line news around AI, the CEO mentioned on the earnings call that AI is huge and that Apple will continue to weave it into their products on a very thoughtful basis.
Apple was up 2.5% post market.
Even at a demanding 26.5 times forward P/E, more analysts have buy ratings on Apple by a margin of roughly 10 to 1.
You can take a bite out of the Apple share by buying a fraction on the Clarity platform. Try it out, Rands -> Dollars -> Apple in under a minute.
