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Apple's Q4 Revenue Beats Estimates Amidst China Sales Dip

3 Nov

Summary

Apple's September quarter revenue grew 12% to $114.5 billion.
Sales in China fell short of projections, impacting overall results.
iPhone sales remained strong, offsetting weaker iPad and wearables.

Apple's Q4 Revenue Beats Estimates Amidst China Sales Dip

Apple's revenue for the fiscal fourth quarter, which concluded on September 26, reached $114.5 billion, marking a 12% year-over-year increase. This figure slightly exceeded the $113.5 billion average estimate compiled by Bloomberg. The results signaled a deceleration in growth from the 16% increase observed in the June quarter.

While iPhone sales, the company's primary revenue driver, demonstrated continued strength, other segments showed weakness. The iPad and wearables divisions experienced particularly subdued sales figures. Furthermore, Apple's crucial Chinese market underperformed against projections, contributing to the mixed financial outlook presented to investors under new CEO John Ternus.

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