Apple EPS $1.46 versus $1.39 expected. Revenues $89.5B versus $89.28B expected

<ul><li><p>Apple (AAPL) Q3 2023: BEAT</p><ul><li>Adj. EPS: $1.46 (BEAT, expected: $1.39)</li><li>Revenue: $89.5 billion billion (BEAT, expected: $4.86 billion)</li><li>Product revenues: MISS $67.18 billion versus $67.82 billion expected</li><li>iPhone: BEAT $43.81 billion versus $43.73 billion expected</li><li>Mac revenues MISS $7.61 billion versus $8.76 billion expected</li><li>Wearables home, and accessories MISS $9.32 billion versus $9.41 billion expected</li><li>Services revenue $22.31 billion versus $21.37 billion expected (+16% year on year)</li><li>China MISS $15.08 billion versus $17.01 billion expected</li></ul></li></ul><p>Apple shares are trading down $2.65 or -1.44% at $174.70</p><p>CEO Cook says:</p><ul><li>iPhone 15 Pro and 15 Pro Max models are supply constrained, </li><li>Cook does not expect to reach supply demand balance during current quarter</li><li>Expects Mac sales to improve in the current quarter</li><li><p>September quarter revenue record for iPhone</p></li><li><p>All-time revenue record in services</p></li></ul>

This article was written by Greg Michalowski at www.forexlive.com.