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Apple Inc increased 2.7% to $170.26 after the maker of popular electronics gadgets reported higher-than-expected sales and earnings.

Revenue in the fiscal second quarter ending on April 1 declined 3% to $94.8 billion and net income decreased to $24.2 billion from $25.0 billion and diluted earnings per share was unchanged at $1.52.

Revenue in the Americas declined to $37.8 billion from $40.8 billion, in Europe edged up to $23.9 billion from $23.2 billion, in Greater China eased to $17.8 billion from $18.3 billion and in Japan eased to #7.2 billion from $7.7 billion.

In the quarter, iPhone sales increased to $51.3 billion from $50.6 billion, Mac sales dropped to $7.2 billion from $10.4 billion, iPad sales to $6.6 billion from $7.6 billion and wearable and home and accessories were flat at $8.8 billion.

Services revenue jumped to $20.9 billion from $19.8 billion a year ago.

05 May, 2023

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