#Apple ##Cook#
Apple CEO Tim Cook said Thursday that the company's supply chain challenges are improving, with shares up about 5 percent in extended deals while delivering strong revenue growth.
Apple's sales in all product categories except iPads beat analysts' expectations, with total revenue up 11 percent a year.
Here's how Apple performed in the quarter ended Dec. 25, compared to The Refinit Consensus estimates:
1.EPS: $2.10 compared to $1.89 estimated, up 25% year-over-year
2. Revenue: $123.9 billion, compared to an estimated valuation of $118.66 billion, up 11% year-over-year
3. iPhone revenue: $71.63 billion, compared to an estimated value of $68.34 billion, up 9% year-over-year
4. Services revenue: $19.52 billion, compared to an estimated value of $18.61 billion, up 24% year-over-year
5. Other product revenue: $14.70 billion, compared to an estimated value of $14.59 billion, up 13% year-over-year
6. Mac revenue: $10.85 billion, compared to an estimated value of $9.52 billion, up 25% year-over-year
7. iPad revenue: $7.25 billion, compared to an estimated value of $8.18 billion, down 14% year-over-year
8. Gross profit: 43.8% vs. estimated at 41.7%
Cook said the company's supply problems are improving. He said the December quarter was worse than Apple's September quarter in terms of supply challenges, but he expected the March quarter to improve.
"Our biggest problem is chip supply, which is the supply of chips on legacy nodes," Cook said. "We're doing a good job at the cutting edge."
