Apple posted September quarter revenue that narrowly topped analysts’ estimates, with revenue rising 12% to $114.5 billion. Sales growth decelerated from a 16% clip in the June quarter, and results from Apple’s iPad and wearables businesses were particularly weak, but the iPhone remained strong. Revenue from the iPhone grew 17% to $57.6 billion during the quarter, topping an average estimate of $56.5 billion, and services rose 9.8% to $31.6 billion, matching estimates.
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech reacts after Apple releases Q3 earnings. He speaks with Bloomberg's Carol Massar and Tim Stenovec.
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