FinanceFortuneabout 2 hours ago
Apple Beats Expectations Despite Chip Costs
2 min read
Apple posted fourth-quarter revenue of $114.5 billion and profit of $30.7 billion, beating Wall Street expectations. CEO John Ternus announced iPhone revenue reached $57.58 billion and services revenue hit $31.57 billion. Gross margin rose to 47.9% as tariff refunds added 1 percentage point to the latest quarter's margin.
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