Apple’s revenue, profit top analyst views in latest quarter

By MICHAEL LIEDTKE
AP Technology Writer

SAN RAMON, Calif. (AP) — Apple on Thursday reported quarterly results that topped analysts’ projections despite supply shortages, economic fallout from the Russia-Ukraine war and a comedown from the huge sales lift that technology products and service got from pandemic restrictions. The results for the January-March period drew a picture of a still-expanding empire generating massive profits that have yielded the firm a $2.7 trillion market value — the largest among U.S. companies. That ongoing prosperity prompted Apple to announce a 5% increase in its quarterly dividend, which has been steadily rising since the company revived the payment a decade ago.