Apple Beats Earnings Expectations Despite China Sales Dip

Apple`s stock ended Friday slightly higher despite lower year-over-year iPhone sales reported in their third quarter earnings. While iPhone sales fell short of expectations, particularly in the crucial Chinese market, Apple exceeded overall revenue and earnings per share predictions. The company highlighted growing sales trends in China and record upgrades. Other product segments like iPads and Macs performed well, offsetting a decline in wearables. Apple`s upcoming launch of Apple Intelligence software, powered by generative AI, is generating mixed predictions about its potential impact on future iPhone sales.