Earnings Analysis: Apple Tops Sales Estimates But Falls Short Of Blowout Quarter | Bloomberg... Suzanne Ashman [3Bmn9Hxzbg0]

Apple delivered second-quarter revenue that edged past analysts estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating.

Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.

The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro. The $599 Neo Apples first major push into low-cost laptops has been particularly popular and remains sold out at several retailers.

Still, the results were uneven. Apple fell short of expectations in the qatar airways Americas and Europe regions, while exceeding projections in China and other parts of Asia. The iPhone its flagship product was in line with the average Wall Street estimate.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech co-host

Anurag Rana, Bloomberg Intelligence neighbours Senior Technology Analyst

See omnystudio.com/listener ( for privacy information.

Tom Keene, Paul Sweeney, Lisa Mateo and Michael Barr have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.

Watch Surveillance TV LIVE each mornings:

Watch Surveillance Radio LIVE weekday mornings:

Subscribe to Bloomberg Podcasts:

Listen to more Bloomberg Surveillance:

#Bloomberg #Podcast #Surveillance #News #Markets

Visit us:

Follow Bloomberg Podcasts on Twitter:

Visit our other YouTube channels:

Bloomberg Television:

Bloomberg Originals:

Quicktake: pakistan

For coverage on news, markets and more: