The world’s most valuable company narrowly topped estimates but saw another revenue dip — its fourth in a row — with sales down about 1% to $89.5 billion for its fiscal fourth quarter.
EPS at $1.46 was up 13% percent year-on-year for the three months ended in September, also a beat. Yet investor had hoped for a bit more from the tech giant, which saw its shares dip 1% after the bell.
Apple stock, which has seen a massive run-up this year, closed 2% higher at about $177 for the session. Revenue from iPhones, about half of Apple‘s total business, was $43.8 billion, up from $42.6 billiion, and a record.
The September quarter included about a week of new iPhone 15 sales. Mac and iPad sales fell — Mac down by 33% to $7.4 billion, and iPad by 10% to $6.4 billion.
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