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Apple Q1 FY2024: iPhone tops estimates; China sales slow
Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings. Apple's quarterly revenue has returne Show More
Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings. Apple's quarterly revenue has returned to YoY growth for the first time in a year, with an all-time high EPS.

While iPhone sales were higher than market expectations and service revenues hit record highs for this quarter, revenue from its third-largest market, China, unexpectedly fell by about 13% YoY, confirming market concerns. After initially rising 1% in after-hours trading, the stock turned and fell by more than 3%.
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