Apple posts record iPhone sales in fiscal Q4, shares slip
Apple reported record iPhone revenue of $57. 58 billion in its fiscal fourth quarter, and analysts said the staggered launch of its base and Pro models helped drive the 12% year-on-year revenue increase, according to 9to5Mac. The results were announced on 2 November, with the update reported on 3 November. The company posted total revenue of $114.
5 billion and earnings of $2. 10 per share, beating analysts’ forecasts, as noted by The Globe and Mail. Yahoo Finance said the revenue rise reflected a 12% annual growth, while Euronews highlighted higher memory-chip costs and a slower services-growth outlook. GSMArena reported that strong iPhone sales and record services revenue underpinned the earnings beat.