Apple Q4 results beat estimates despite iPhone sales miss as services unit shines

Investing.com--Apple reported fiscal third-quarter results Thursday that beat Wall Street estimates even as iPhone sales missed estimates amid softness in China, though its high-margin services business saw revenue hit all-time highs.

Apple Inc (NASDAQ: AAPL) was marginally lower in recent aftermarket-trading .

Apple reported earnings of $1.85 per share on revenue of $102.5 billion. Analysts polled by Investing.com had anticipated EPS of $1.76 on revenue of $1.02B.

iPhone sales, which account for nearly half of total revenue, rose to $49.03B in Q4 from $46.22B a year earlier, but still missed estimates of $50.19B.

The weaker-than-expected iPhone revenue comes amid soft performance in China . Apple’s sales in Greater China were down to $14.49B from $15.03B prior-year quarter.

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