Apple's Earnings Top Estimates as Services Revenue Grows, But iPhone Sales Fall Short
1. Apple's fiscal Q1 revenue rose 4% to $124.3 billion, exceeding estimates. 2. Earnings hit a record $36.33 billion, surpassing last year's $33.92 billion. 3. Services revenue grew 14% to $26.34 billion, boosting overall performance. 4. iPhone sales fell almost 1%, missing projections despite new model release. 5. AI model popularity may impact device development costs and capabilities.