Apple Smashes Q1 Earnings Forecast on Surging China Sales
Apple saw a 57% surge in China sales over the December quarter, helping drive a record top line and much stronger-than-expected first quarter earnings.Apple Inc. -Get Report posted stronger-than-expected first quarter earnings Wednesday, and its first print of revenues over $100 million, thanks in part to surging China sales and demand for its new iPhone 12.Greater China revenues surged 57% to $21.3 billion, Apple said, helping iPhone revenues rise 17% to an all-time high of $65.5 billion, than
Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.Tesla Inc -Get Report said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.Tesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth "over a multi-year horizon." The company added that "In some years we may grow faster, which we expect to be the case in 2021