Apple Beats Earnings Expectations Despite China Sales Dip and iPhone Decline

Although iPhone sales dipped compared to the previous year, Apple ended the trading day Friday with a slight stock increase following their third quarter earnings report. While the company`s performance in China, a crucial market for Apple, fell short of analyst predictions for revenue, Apple`s CFO reported positive trends, including record upgrades and improved sales compared to the first half of the year. Overall, Apple exceeded analyst expectations for earnings per share and revenue, driven in part by strong performance in services, iPads, and Macs. Despite a year-to-date stock increase, the impact of the upcoming Apple Intelligence software release on future iPhone sales remains uncertain among analysts.