Apple shares are up 2% in pre-market following an earnings beat that included better-than-expected iPhone sales.
Whereas most analysts predicted Apple’s holiday quarter revenue would hit somewhere in the $88 billion range, the company reported $91.8 billion. In a quarter that spanned October 1st through December 31st, or 92 days. That means Apple (almost) averaged $1 billion in revenues per day.
The scale of the recent sales reflects Amazon’s soaring valuation, which closed above $1 trillion for the first time on Tuesday.
There is no stopping Amazon.com's revenue growth , Wall Street analysts said on Friday.