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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 shares fell more than 1% in afterhours following the report.
The company reported adjusted earnings per share of $1.64 on revenue of $94.93 billion. Analysts polled by Investing.com forecast EPS of $1.6 on revenue of $94.4B.
iPhone revenue rose to $46.22B from $43.81B a year earlier, topping estimates of $45.47B.
Revenue from Apple’s service business, grew to $24.97B from $22.31B a year earlier, but that was short of projections of $25.28B.
BADEJO ADEMUYIWA has 23 years experience as a Finance Writer, specialising in Insurance and Investigative Reporting.
