Apple’s sales were up 36% from the June quarter last year, as iPhone sales increased by nearly 50% on an annual basis.
Apple stock was down over 2% as the company warned on its earnings call growth in the September quarter would not be as strong as June’s.
Microsoft also posted a big earnings beat and gave an optimistic revenue forecast.
Revenue rose 21% year over year in the quarter, as net income increased by 47%.
Timestamps:
- APPL 02:25
- MSFT 03:50