Apple Tops Wall Street Estimates in Q4, Driven by Strong iPhone 16 Launch Performance

Benzinga

Apple’s fiscal fourth-quarter results exceeded Wall Street expectations for earnings and revenue, supported by robust iPhone and iPad sales. Apple's iPhone revenue rose 6%, with strong initial sales for the new iPhone 16. Cook highlighted positive feedback and rapid adoption of Apple Intelligence, with uptake doubling from last year. The tech giant's revenue in China declined slightly year-over-year amid rising competition from local brands like Huawei.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Apple's fiscal fourth quarter results exceeded Wall Street expectations for earnings and

00:06revenue supported by robust iPhone and iPad sales.

00:10Apple's iPhone revenue rose 6% with strong initial sales for the new iPhone 16.

00:15Cook highlighted positive feedback and rapid adoption of Apple Intelligence with uptake

00:20doubling from last year.

00:21The tech giant's revenue in China declined slightly year over year amid rising competition

00:26from local brands like Huawei.

00:28For all things money, visit Benzinga.com slash GSTV.

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