Apple's stock rose after reporting Q4 earnings that beat expectations. iPhone sales were down 9% year-over-year, but total revenue was up.
: $33.36 billion vs. $32.42 billion estimate.Apple stock rose over 2% in after-hours trading. Read Apple's full releaseApple's guidance for its important holiday quarter is in-line with analyst estimates. Apple is signaling that it expects growth over last year's holiday quarter, where it was hit by a major downturn of iPhone sales in China.
It also suggests that Apple has a chance to beat the $88.3 billion in revenue it posted in the quarter ending December 2017, the company's record. iPhone sales were down 9% year-over-year, but total revenue was up, partially due to 18% growth in Apple's services business, which includes AppleCare warranties, subscriptions like iCloud and Apple TV+, and online software like iCloud.
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