Apple reported fiscal fourth-quarter revenue of $114.5 billion, exceeding analyst expectations despite a sales miss in China and decelerating growth.
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Apple reported fiscal fourth-quarter revenue of $114.5 billion, exceeding analyst expectations despite a sales miss in China and decelerating growth.
Apple reported strong revenue growth Monday on sustained demand for its smartphones in CEO John Ternus’ first earnings call atop the iPhone maker. Apple says sales slowed down in the fiscal fourth quarter, but still beat estimates. This is the first earnings report posted under CEO John Ternus.
Apple's revenue for its fiscal Q4 was $114.5 billion, surpassing Wall Street's estimates of $113.46 billion. EPS came in at $2.10, topping estimates.
Semafor reported the story as "Apple beats revenue estimates in CEO Ternus' first earnings call." Business Insider reported the story as "New CEO John Ternus delivers an Apple earnings beat — but China and iPad sales miss."
3 sources have covered this story, including Semafor, Bloomberg and Business Insider. The earliest reporting in the cluster landed about 1 hour ago.
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[01] VerifiedCore event reported by 3 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.