Apple’s Mixed Results Temper Enthusiasm Ahead of Holiday Quarter
Apple Inc. delivered mixed results in the latest quarter, including a surprise sales decline in China, tempering investor excitement for what promises to be a busy holiday season.
Though the company’s total revenue topped analysts’ estimates in the September quarter, iPhone supply constraints weighed on results — especially in China. The good news: Apple expects to bounce back sharply in the current period, with growth returning to China and overall sales rising at a faster-than-anticipated clip.