Apple has reported fiscal second-quarter revenue that blew past Wall Street expectations, fueled by solid demand for iPhones.
The consumer electronics giant said its revenue rose to $24.67 billion, better than the average analyst estimate of $23.38 billion, according to Thomson Reuters I/B/E/S.
The consumer electronics giant's shares rose 3 per cent in extended trading today.
Gross margins in the fiscal second quarter came to 41.4 per cent, above Wall Street's average forecast of 39.03 percent.
Apple reported a net profit of $5.99 billion, or $6.40 a share, while revenue surged 83 per cent to $24.67 billion.
Apple's results come as it prepares to build the next iPhone model with a faster processor, which will begin shipping in September, three people with direct knowledge of the company's supply chain said today.
Agencies
