July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.
The Silicon Valley giant’s shares rose 2.6% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.
Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker’s loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple’s fiscal third quarter suggest a similar pattern emerging.
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Canalys Research analyst Runar Bjorhovde said, “Apple in that…
