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UPDATE 2-Apple beats sales expectations on iPhone, services, China strength – Netscape Entertainment

News Snapshot:

By Stephen Nellis Reuters (Updates share moves, adds analyst comment) July 27 (Reuters) – Apple Inc on Tuesday reported quarterly sales and profits that beat analyst expectations as consumers bought premium versions of its 5G iPhones and signed up for the company's subscription services. Driven by better-than-expected iPhone sales, total revenue hit $81.43 billion, a rise of 36.4% that was above analyst expectations of $73.30 billion, according to IBES data from Refinitiv. Earnings were $1.30 per share, above estimates of $1.01 per share, according to Refinitiv. The results prompted a mixed reaction from investors, with shares moving higher and dipping…

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