Despite record iPhone sales, Apple's fiscal Q4 results exceeded forecasts, while services fell short

Apple's fiscal fourth-quarter results exceeded analyst expectations, with iPhone sales hitting a record high, although the company's key services segment fell slightly below forecasts.

Shares of Apple Inc (NASDAQ) dipped over 1% in after-hours trading following the earnings announcement.

The company reported adjusted earnings per share of $1.64 on revenue totaling $94.93 billion. This surpassed the Investing.com analyst estimates, which had predicted an EPS of $1.60 on revenue of $94.4 billion.

iPhone revenue climbed to $46.22 billion, up from $43.81 billion the previous year, beating the forecast of $45.47 billion.

Meanwhile, revenue from Apple’s services division rose to $24.97 billion from $22.31 billion year-over-year but fell short of the anticipated $25.28 billion.

Paraphrasing text from "Reuters" all rights reserved by the original author.