Reported about 14 hours ago
Apple's fiscal first-quarter earnings exceeded estimates, driven by a 14% growth in services revenue, reaching $26.34 billion. Overall revenue rose by 4% to $124.3 billion, while net earnings hit a record $36.33 billion. However, iPhone sales fell slightly by under 1% to $69.14 billion, missing predictions amidst increasing competition in China. Apple's stock saw a decline of about 1.5% in after-hours trading following the report.
Source: YAHOO