Apple (AAPL) reported its fourth-quarter earnings on Thursday, surpassing expectations for both revenue and profit, but falling slightly short of analysts’ forecasts for iPhone sales and revenue from China.
During the earnings call, CEO Tim Cook offered an optimistic outlook, noting that the iPhone 17 is experiencing supply constraints due to strong demand and that China revenue is expected to return to growth in Q1.
"We expect the December quarter's revenue to be the best ever for the company and the best ever for iPhone," Cook said.
Following the announcement, Apple stock remained largely unchanged early Friday.
