Apple forecasts strong revenue growth after beating holiday quarter estimates
Apple projected strong growth for the March quarter after reporting a record holiday period. Record iPhone sales and a China rebound drove the quarterly beat.
Insights:
Apple forecast revenue for its fiscal second quarter to grow between 13% and 16% as it issued an outlook that materially exceeded Wall Street expectations. The guidance for the March quarter follows a fiscal first-quarter report that topped revenue and earnings estimates, driven by record iPhone sales and a significant recovery in China 
CN. Along with the revenue forecast, Appleprojected operating expenses of $18.4 billion to $18.7 billion for the upcoming period. Shares of Applerose 3.5% in extended trading after the results were released but later pared those gains to trade up 0.8%.
CN. Along with the revenue forecast, Appleprojected operating expenses of $18.4 billion to $18.7 billion for the upcoming period. Shares of Applerose 3.5% in extended trading after the results were released but later pared those gains to trade up 0.8%.
