Apple earnings live: Apple beats Q4 estimates on strong iPhone sales but misses on China revenue
Apple (AAPL) reported its fourth quarter earnings after the bell on Monday, beating expectations on the top and bottom lines on strong iPhone sales.
This is Apple’s first earnings call with new CEO John Ternus, who took over the role from Tim Cook on Sept. 1.
For the quarter, Apple reported earnings per share (EPS) of $2.10 on revenue of $114.48 billion. Wall Street was looking for EPS of $2 on revenue of $113.46 billion
The company saw EPS of $1.85 and revenue of $102.46 billion in the same period last year.
Greater China revenue fell short of projections, coming in at $17.54 billion versus estimates of $18.75 billion.
Apple’s iPhone sales came in at $57.58 billion versus an estimate of $56.48 billion.
Services, the company’s second-largest segment, saw revenue of $31.57 billion compared to a projected $31.58 billion. Apple’s Mac business brought in $10.79 billion. Analysts were looking for $9.69 billion.
Wearables and iPad generated $8.3 billion and $6.23 billion. Read more.
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