Apple reports huge earnings behind strong iPhone sales
Tech giant Apple on Monday reported $58 billion in revenue and a $13.6 billion profit for the second quarter of the year, easily beating Wall Street's projections. The staggering three-month profit was a 33 percent increase from the same quarter one year ago, when Apple netted $10.2 billion. Surging iPhone sales contributed to much of the growth. Apple sold 61.2 million smartphones for the quarter, far more than the 43.7 million iPhones it sold during the same period last year.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.
-
Colombo's wetlands: how the 'lungs' of Sri Lanka's capital are being restored
The revival of the ecosystems could prove a 'valuable lesson' for the world
By Chas Newkey-Burden, The Week UK Published
-
Crossword: October 2, 2024
The Week's daily crossword
By The Week Staff Published
-
Sudoku hard: October 2, 2024
The Week's daily hard sudoku puzzle
By The Week Staff Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans Published
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia Published
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia Published
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia Published
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans Published