Earnings per share rose to $1.68 from $1.25, beating Wall Street targets, according to IBES data from Refinitiv. Apple shares rose 85% over the previous year, versus 46% for the Nasdaq 100, of which it is a component. "We had two of the top three selling smartphones in urban China," Cook told Reuters in an interview, adding that "upgraders in particular set an all-time record in China. Sales of iPads, services and wearable topped Wall Street targets. Cook said short supplies of the AirPods Max could continue into the company's current fiscal second quarter.

Source: Economic Times January 28, 2021 02:51 UTC