Apple (AAPL) reported first quarter results that topped Wall Street's estimates. The tech giant reported adjusted earnings of $2.40 per share versus the Bloomberg consensus estimate of $2.35. Revenue of $124.3 billion was just above the expected $124.1 billion. In the release, Apple CEO Tim Cook dubbed it the company's "best quarter ever."
When it comes to categories, iPhone sales were lighter than anticipated, $69.14 billion versus an expected $71.04 billion. However, Mac sales were stronger than analysts had been forecasting, $8.99 billion compared to the $7.94 billion estimate.
Greater China revenue also fell short of estimates, $18.51 billion compared to an expected $21.57 billion.
Asking for a Trend Anchors Josh Lipton and Julie Hyman recap the tech giant's results in the video above.
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