Apple Reports Strong Q4 Earnings Amid Record iPhone Demand
Apple has successfully silenced critics with a powerful market performance, showcasing record sales fueled by the new iPhone 17 and substantial revenue from services. The company reported a revenue of $102.5 billion and a profit of $27.5 billion in its latest earnings call, which resulted in a 5% rise in stock. Despite some challenges in their China market and a slight miss in iPhone revenue expectations, the overall outlook remains optimistic. CEO Tim Cook predicts a blockbuster holiday season, with expectations of significant consumer spending driven by strong demand for the latest iPhone models.
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