Apple Reports Strong Earnings Despite iPhone Sales Decline

Reported about 13 hours ago

Apple exceeded Wall Street's earnings expectations in its first quarter, reporting adjusted earnings of $2.40 per share and revenue of $124.3 billion. However, iPhone sales fell short at $69.14 billion compared to forecasts of $71.04 billion, while Mac sales outperformed expectations. Revenue from Greater China also disappointed, coming in at $18.51 billion versus the anticipated $21.57 billion.

Source: YAHOO

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