Even RAMageddon can’t stop Apple’s record-setting revenues
Apple reported record September quarter revenue of $114.5B, up 12% YoY, with iPhone and Services hitting records. EPS was $2.10, beating analyst estimates. Despite price hikes due to a global memory shortage, iPhone and Mac revenues grew 17% and 24% respectively.
How this was made
The 30-second read
Why it matters
The beat reinforces bullish sentiment and may trigger short‑covering in the tech sector.
Market read
Apple's earnings beat is a high‑impact event for equities, likely moving the broader market.
What to watch
Supply‑chain constraints and memory cost pressures may affect margins longer term.
Background
Apple's Q3 earnings were released after market close, highlighting record revenue despite a global memory shortage.
Ticker impact
Apple reported Q3 revenue of $114.5B and EPS $2.10, beating analyst expectations.
likely upward pressure as the market prices in the earnings beat
Record revenue and EPS beat expectations, indicating strong demand despite price hikes.
Market effects
Tech hardware and services sectors may see broader optimism.
U.S. markets likely to open higher on the earnings news.
Apple's results influence global consumer tech sentiment.
Counterpoint
Higher prices could eventually dampen demand, risking a pullback.
Key entities
- companyApple Inc.
U.S. technology giant reporting record Q3 results.
- executiveJohn Ternus
Apple CEO who announced the earnings.
