Apple reported its first quarterly earnings since the release of its new lineup of iPhones on Thursday, beating Wall Street analysts’ expectations. The company showed steady financial growth and a strong bottom line despite slow progress on artificial intelligence. The report comes just days after the company hit a $4tn market value for the first time.
“Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services,” Apple’s CEO, Tim Cook, said in a statement. Despite high overall iPhone sales, the company’s revenue in China from the smartphone came in below Wall Street estimates.
