Microsoft’s co-founder and former Apple rival Bill Gates has backed billionaire investor Warren Buffett’s decision to increase his stake in Apple, saying it’s the most well-positioned technology company when it comes to profits.
Apple earlier today announced the financial results for its fiscal second quarter of 2018, and the numbers for the 3-month period are outstanding. The company beat Wall Street expectations across the board, and grew in almost every category year-over-year.
Apple this afternoon disclosed its [fiscal] Q2 2018 earnings report, offering a look at its performance over the last 3 months. The company beat Wall Street expectations in just about every category, selling 52.2 million iPhones and earning $61.1 billion in revenue. Here’s a full breakdown of the numbers.
Apple will be giving the majority of its employees an extra bonus following a new tax laws passed here in the US. The bonus will come in the form of $2,500 worth of restricted stock units, known as RSU’s.