Apple Beats Earnings Forecasts but iPhone and China Sales Miss Expectations

Reported about 8 hours ago

Apple reported its fiscal first quarter earnings, exceeding expectations with earnings per share of $2.40 on revenues of $124.3 billion. However, the iPhone segment generated $69.1 billion, falling short of the anticipated $71 billion, and sales in Greater China reached $18.5 billion, below the expected $21.5 billion. Overall, iPhone market share declined, raising concerns amid slower growth prospects.

Source: YAHOO

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