Apple Q4 Earnings Surpass Estimates Despite China Slowdown
Apple Inc. delivered a robust fiscal fourth quarter, with earnings per share of $1.85 beating Wall Street's $1.77 forecast. Revenue climbed 7.9% year-over-year to $102.5 billion, fueled by record iPhone performance that offset weaker-than-expected sales in Greater China. The tech giant's services segment continued its upward trajectory at $28.75 billion, while net income nearly doubled to $27.47 billion.
CEO Tim Cook struck an optimistic tone, projecting double-digit iPhone growth in the coming quarter despite China's $14.49 billion revenue shortfall. Market confidence remains strong as Apple's valuation eclipses $4 trillion, with shares holding steady at $272.01 in afternoon trading. The results underscore Apple's resilient ecosystem amid global economic crosscurrents.