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Comment on Apple First Quarter Results

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This beat is more notable since Apple had closed a number of their physical stores due to the pandemic, which had driven many, many sales.

What's 'beat' mean in this context?

They beat the street...the wall street analyst estimates of revenue and profit growth for the quarter.

Beating expectations. Since Apple didn't provide guidance this quarter it's probably in reference to analyst reports.

Not OP but beat analysts’ expectations

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