Apple narrowly beats estimates with boost from iPhone sales

Apple reported quarterly revenue of $94.9 billion, slightly exceeding analyst expectations. iPhone sales reached $46.2 billion, while services hit a record $25 billion. However, the company’s shares dropped 2% in after-hours trading, as the performance wasn’t as strong as other tech giants. The results were impacted by a $10.2 billion EU tax charge. CEO Tim Cook announced record September quarter revenue, with positive early iPhone 16 sales trends.READ FULL