From Financial Modeling Prep: 2024-11-01 11:31:00

Apple (NASDAQ:AAPL) beat Q4 earnings estimates, reporting $1.64 per share on record revenue of $94.9 billion. Despite this, shares dipped over 1% as holiday quarter revenue guidance fell below expectations. The company expects low- to mid-single-digit revenue growth this quarter, with double-digit growth projected for its services division.

The iPhone drove sales, generating $46.2 billion, with China demand stabilizing. Apple’s services segment saw a 12% revenue increase, reaching $24.9 billion. CEO Tim Cook highlighted the success of the AI-enhanced iPhone operating system, with adoption rates doubling from last year.



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