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
Tesla earnings: Can sales growth match stock’s rise?
Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would prov