Apple Tops Wall Street Expectations With $24.78 Billion Profit

Apple Tops Wall Street Expectations With $24.78 Billion Profit

The iPhone maker’s sales rose 5 percent to $95.36 billion, also beating expectations for its most recent quarter.

Truth Analysis

Factual Accuracy
4/5
Bias Level
4/5
Analysis Summary:

The article appears mostly accurate. The claim about Apple's profit of $24.78 billion is supported by Verification Source #1, although it's in the context of comparing it to BYD's profit. The claim about beating expectations is generally supported by Verification Source #4, although it's from an older article and only implies that Apple surpassing Wall Street forecasts is a positive event. There is minimal bias.

Detailed Analysis:
  • Claim:** Apple Tops Wall Street Expectations With $24.78 Billion Profit
    • Verification Source #1: Supports the $24.78 billion profit figure, although it's used in comparison to BYD's earnings.
    • Verification Source #4: Supports the idea of Apple surpassing Wall Street expectations, although it's from a 2010 article and doesn't specifically refer to this particular earnings report.
  • Claim:** The iPhone maker’s sales rose 5 percent to $95.36 billion, also beating expectations for its most recent quarter.
  • No provided verification source directly confirms the 5% sales increase to $95.36 billion. This is unverified.
  • Verification Source #4: Supports the idea of Apple surpassing Wall Street expectations, although it's from a 2010 article and doesn't specifically refer to this particular earnings report.
Supporting Evidence/Contradictions:
  • Verification Source #1: "($24.78 billion), yet BYD posted RMB 170.36 billion ($23.38 billion)." This supports the $24.78 billion profit figure.
  • Verification Source #4: "...futures rose after Apple Inc. reported results that surpassed Wall Street's forecasts." This supports the idea of Apple exceeding expectations, although it's from a different time period.
  • The claim about the 5% sales increase to $95.36 billion is not covered by any of the provided sources.