Apple beats Q3 expectations, despite a decline in iPhone sales

Category: Finance

Apple's Q3 earnings surpassed expectations with EPS of $1.40 and revenue of $85.5 billion, despite a decline in iPhone sales and missing revenue targets in China. Services revenue and iPad sales exceeded forecasts, while wearables saw a decline. The upcoming launch of Apple Intelligence software is anticipated to impact future iPhone sales, particularly for newer models.

Keywords: Apple, Earnings Report, iPhone Sales

Source: Yahoo Finance

Update At: 8/2/2024

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