Apple beats on Q3 expectations, stock rises on strong outlook despite poor China sales
Update: 2025-10-30
Description
Apple's Q4 earnings beat expectations with $102.5B revenue and $1.85 EPS, but iPhone sales and Greater China revenue fell short. Despite this, Apple's stock rose 3% due to CEO Tim Cook's optimistic outlook on double-digit iPhone revenue growth in Q1. Apple's customer loyalty drove record revenue of $463B, and services business surpassed expectations with $28.7B. While iPhone 14 sales were modest due to late launch, the real test will be in the next report. Mac and iPad sales were soft, and China revenue missed expectations at $14.5B. Despite these setbacks, Apple's strong customer loyalty and positive guidance position it well for the holiday season.
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