Apple Reports Strong Q4 Earnings, iPhone Sales Hit Record

Investing.com – Apple reported fiscal fourth-quarter results that topped analyst expectations, underpinned by a record quarter of iPhone sales, though its key services business fell short of estimates.

Apple Inc (NASDAQ:AAPL) shares fell more than 1% in after-hours trading following the report.

Financial Highlights

• Adjusted Earnings per Share (EPS): $1.64
• Revenue: $94.93 billion
• Analyst EPS Forecast: $1.60
• Analyst Revenue Forecast: $94.4 billion

Segmented Revenue

• iPhone Revenue: $46.22 billion (up from $43.81 billion year-over-year; estimate: $45.47 billion)
• Service Revenue: $24.97 billion (up from $22.31 billion year-over-year; projection: $25.28 billion)