Apple's Q4 revenue reached $94.9 billion, but Chinese sales fell short amid rising competition.

Apple reported Q4 revenue of $94.9 billion, meeting estimates, but faced challenges in the Chinese market, where revenue fell to $15 billion, below the anticipated $15.8 billion. The company contends with increased local competition and a saturated smartphone market. While iPhone sales grew, Apple's services revenue reached a record $25 billion but still fell short of expectations. The company anticipates modest growth for the upcoming December period.

October 31, 2024
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