Apple Inc.Apple reported strongest June-quarter ever with iPhone sales up 21.6% and Services revenue up 12%.
Microsoft and Apple delivered solid quarterly results, with Apple reporting its strongest June-quarter ever and Microsoft posting a double-beat driven by cloud growth. Apple's revenue rose 16% year-over-year to $109.4 billion, while adjusted EPS grew 29% to $2.02, with iPhone sales up 21.6% to $54.3 billion and Services revenue up 12% to $30.7 billion. Microsoft's sales grew 18% and earnings rose 23%, with Intelligent Cloud revenue jumping 32% to $39.3 billion and enterprise adoption of Copilot surpassing 30 million paid seats. NVIDIA is the only Magnificent Seven member yet to report, with results due August 26th.
Apple Inc.Apple reported strongest June-quarter ever with iPhone sales up 21.6% and Services revenue up 12%.
Microsoft CorporationMicrosoft posted double-beat driven by cloud growth, with Intelligent Cloud revenue up 32% and Copilot adoption surpassing 30 million paid seats.
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