Apple shares fall 4% despite revenue beat in first earnings under CEO John Ternus; what's next for the iPhone maker?
60-Word AI Digest
Apple shares fell 4% after quarterly revenue rose 12% to $114.5 billion and earnings beat estimates. Strong iPhone, Mac and services results were offset by a weaker gross-margin outlook and expected slowdown in services growth.
Key Takeaways
- Apple shares fell 4% after quarterly revenue rose 12% to $114.5 billion and earnings beat estimates.
- Strong iPhone, Mac and services results were offset by a weaker gross-margin outlook and expected slowdown in services growth.
- Full details and original dispatch available below.
Apple shares fell 4% after quarterly revenue rose 12% to $114.5 billion and earnings beat estimates. Strong iPhone, Mac and services results were offset by a weaker gross-margin outlook and expected slowdown in services growth.
Original Publisher Attribution
This summary was curated from Livemint.