Apple (AAPL) exceeded Wall Street expectations in its fiscal first-quarter results, with earnings of $2.84 per share and revenues of $143.76 billion. The active installed base rose to 2.5 billion devices, but shares slipped 0.4% after the announcement. iPhone revenue surged 23%, while Services revenue grew 14%.

Despite strong performance in iPhone and Services, Apple’s Mac revenue fell 7% and Wearables, Home, and Accessories segment sales declined 2%. The company expects revenue growth of 13% to 16% for the current quarter, with strong results in Greater China and India. Apple also announced a partnership with Google for AI integration.

Apple faces supply chain pressures and rising costs due to memory chip crunch. Despite concerns, the company’s growth potential in India and upcoming product offerings like a folding phone provide opportunities. Investors can consider Apple-heavy ETFs like GXPT, IXN, VGT, FTEC, and IYW for diversified exposure to the tech sector.

Read more at Nasdaq: Should You Bet on Apple’s iPhone-Driven Q1 Earnings? ETFs in Focus