Biggest Quarter for Apple Ever?

All eyes were on Apple after the bell. Earnings came in just after 4:30 pm and the technology company beat on both revenue and earnings per share. Apple reported earnings of $3.89 versus estimates of $3.86, and revenue was reported at $88.3 billion versus estimates of $87.3 billion. Tim Cook said, "iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped." The company also reported a record $285.1 billion in cash reserves.

More In Business

Popeyes is Now the Second Biggest Chicken Chain in the U.S.

Popeyes is Now the Second Biggest Chicken Chain in the U.S.

Hyundai and Kia Cars Adopting Tesla Charging Ports

Hyundai and Kia Cars Adopting Tesla Charging Ports

Kaiser Permanente Strike in Second Day

The largest healthcare worker strike in U.S. history entered its second day.

Walmart Says Ozempic is Making People Buy Less Food

Walmart Says Ozempic is Making People Buy Less Food

UK Regulators Investigating Microsoft, Amazon

UK Regulators Investigating Microsoft, Amazon

McDonald's McRib is Coming Back

McDonald's McRib is coming back.

Apple Releases Patch to Fix iPhone 15 Overheating

Apple is releasing a fix to address overheating issues with the iPhone 15.

Clorox Blames Sales Drop on Cyberattack

Clorox blamed a recent cyberattack for a drop in sales and said it caused "widescale disruption" of operations.

Sam Bankman-Fried Fraud Trial Underway

Jury selection in the trial against FTX founder Sam Bankman-Fried has concluded and prosecutors have begun presenting their case.

CEW Beauty Awards Finalist Beia Beauty's Daily Hydrating and Intimacy Products

With the annual Beauty CEW Awards in tow, Brittany Lo, founder of Beia Beauty, joined Cheddar News to show and demonstrate some of her company's sensual care products. Beia Beauty is a finalist in the sexual wellness category.

Load More