Apple announced its fiscal fourth-quarter results, surpassing analyst predictions driven by record-breaking iPhone sales, though its services segment did not meet forecasts.
After the release, Apple Inc. (NASDAQ: AAPL) shares dipped over 1% in after-hours trading.
For the quarter, Apple posted adjusted earnings per share (EPS) of $1.64 on a revenue of $94.93 billion, compared to analysts’ expectations of an EPS of $1.60 on $94.4 billion revenue, as per Investing.com.
iPhone revenue climbed to $46.22 billion, an increase from $43.81 billion the previous year, exceeding estimates of $45.47 billion.
Meanwhile, Apple’s services revenue grew to $24.97 billion from $22.31 billion a year prior but came in below the anticipated $25.28 billion.
