Apple posts record $124.3B quarter despite iPhone slowdown, China challenges

Apple achieved its best-ever quarter with $124.3 billion in revenue, although iPhone sales missed expectations and China sales dropped 11.1%. CEO Tim Cook linked the decline to inventory challenges and limited availability of Apple Intelligence. Strong growth was seen in Mac, iPad, and services segments.

Apple posts record $124.3B quarter despite iPhone slowdown, China challenges
Apple achieved its best-ever quarter with $124.3 billion in revenue, although iPhone sales missed expectations and China sales dropped 11.1%. CEO Tim Cook linked the decline to inventory challenges and limited availability of Apple Intelligence. Strong growth was seen in Mac, iPad, and services segments.