Apple revenue forecast beats estimates as iPhone sales soar

SAN FRANCISCO: Apple forecast revenue well above Wall Street’s estimates on Thursday, following strong June-quarter results supported by customers buying iPhones early to avoid U.S. President Donald Trump’s tariffs.

Chief Financial Officer Kevan Parekh said the company expects revenue growth for the current quarter in the “mid to high single digits,” which exceeded the 3.27% growth to $98.04 billion that analysts expected, according to LSEG data.