Apple reported a strong holiday quarter with a 23% increase in iPhone sales, exceeding revenue and earnings estimates. Despite a recent stock slump, Apple stock was up slightly after hours. The company delivered impressive results globally, with strong sales in Greater China. Apple also showed growth in product and service revenue, with a focus on managing memory costs and embracing AI partnerships. The company is optimistic about continued growth in the current March quarter, with revenue expected to increase 13-16%. Apple’s strong performance and strategic initiatives position it for future success in the competitive tech landscape.

Read more at CNBC: What’s next for Apple stock after big iPhone sales everywhere, even China