Apple beats Q3 expectations despite a decline in iPhone sales

Apple beats Q3 expectations despite a decline in iPhone sales
https://finance.yahoo.com/news/apple-beats-q3-expectations-despite-a-decline-in-iphone-sales-203125455.html

Summary

Certainly! Here are the key takeaways from the article about Apple's third-quarter earnings:

• Revenue and Earnings: Apple beat analysts' expectations with revenue of $85.5 billion and earnings per share (EPS) of $1.40[^1^][1][^2^][2].
• China Performance: Despite a year-over-year decline in iPhone sales, Apple's sales are generally improving in China. However, it fell short of revenue expectations in the region.
• Product Sales: Services revenue hit $24.2 billion, iPad sales exceeded expectations, and Mac revenue climbed. Wearables sales declined.
• Apple Intelligence Software: Apple is preparing to launch its generative AI-powered software later this fall, which could impact iPhone sales[^3^][3].

Overall, Apple's performance remains strong, with shares up 18.6% year-to-date[^4^][4]. (Source: Yahoo Finance, Bloomberg)