(Bloomberg) — Apple Inc. reported holiday-quarter revenue that beat Wall Street expectations on rebounding iPhone demand and surging sales of wearable devices. Shares jumped in extended trading, setting up the stock to open at a record.The results are a remarkable comeback from a year ago, when the most valuable technology company missed its own targets.A sales forecast for the current quarter also exceeded analysts’ projections, pushing Apple’s stock about 2.1% higher in extended trading. Services revenue came in slightly below expectations.The Cupertino, California-based company reported $91.8 billion in revenue for the fiscal first quarter, up 9% from a year earlier. …read more
Source:: Yahoo Finance
