Apple Reports Q4 Results Amid Investor Concerns

Apple's share price fell 1.82% after the company reported fiscal fourth-quarter earnings that, while surpassing Wall Street estimates in revenue and earnings per share, revealed concerns about product sales, particularly in China. The total revenue was $94.93 billion, a 6.1% increase year-over-year, with earnings per share at $1.64, beating forecasts. However, the revenue from all major product lines, except for the strong iPhone sales, fell short of expectations, largely attributed to a significant one-time tax charge impacting net income. CEO Tim Cook highlighted the successful adoption of Apple Intelligence, but UBS analysts noted that iPhone unit sales remained flat year-over-year, suggesting limited impact from AI on sales. Looking ahead, CFO Luca Maestri projected a low to mid single-digit growth for the December quarter, which is below Wall Street forecasts, further contributing to the decline in stock price after hours. Overall, despite a solid earnings report, investor sentiment remains cautious amidst mixed signals about product performance and growth prospects.