Apple Q1 Sales $119.60B Beat $117.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
Apple (AAPL) reported Q1 sales of $119.60 billion, surpassing the analyst consensus estimate of $117.91 billion by 1.43% and marking a 2.09% increase from $117.15 billion in the same period last year.
February 01, 2024 | 9:30 pm
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POSITIVE IMPACT
Apple's Q1 sales exceeded expectations, reporting $119.60 billion against estimates of $117.91 billion, a 2.09% increase from the previous year.
Beating sales estimates and showing year-over-year growth is a strong positive signal for investors, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100