Apple profit tops Wall Street target even as iPhone, China sales fall short
- Apple reported a record revenue of $124.3 billion for the holiday quarter, marking a 4% increase year-over-year, despite soft iPhone sales.
- Earnings per share reached $2.40, exceeding analysts' forecasts, while product revenue rose 1.6% to nearly $98 billion.
- Services revenue climbed 14% to $26.3 billion, reflecting growth in Apple's service offerings during the quarter.
- Tim Cook highlighted the potential of Apple's AI initiatives and noted a new all-time high in active devices across all products and regions.
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Total News Sources0
Leaning Left17Leaning Right22Center23Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 27%
C 37%
R 36%
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