Apple on Thursday posted its best-ever fiscal second quarter, wherein revenue and earnings per share both beat analyst expectations. The results were driven by iPhone 17 demand and a China rebound that took many forecasters by surprise.
The quarter capped what Apple called a record-setting period, with the iPhone 17 lineup generating extraordinary consumer demand, so much so that the demand outpaced available supply for some product configurations. Despite hitting a record quarter, Apple stock shed less than 1 per cent in after-hours trading, which analysts attributed to supply constraint disclosures and broader market caution.
