"Apple posted a best-ever iPhone quarter at $85.27B, up 23.3%, with Tim Cook calling out 'unprecedented demand' and all-time records across every geography."
"Microsoft's story is backlog and buildout. Intelligent Cloud grew 29% to $32.91B, Azure accelerated 39%, and Microsoft Cloud crossed $50B for the first time."
"Apple simply shrinks the share count faster, with $100B in fresh repurchase authorization on top, while Microsoft's dividend has climbed faster on a per-share basis."
Apple achieved record revenue of $143.76B, driven by a strong iPhone cycle and services growth, with iPhone sales reaching $85.27B. Microsoft reported significant growth in its Intelligent Cloud segment, with Azure increasing by 39%. Both companies exceeded expectations and guided higher for future performance. Apple’s share buybacks have significantly reduced its share count, while Microsoft has increased its dividend. The contrasting strategies highlight Apple's reliance on hardware sales and services versus Microsoft's investment in AI and cloud infrastructure.
Read at 24/7 Wall St.
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