The Clap
Apple (NASDAQ: AAPL) beat expectations with its fiscal Q4 earnings, reporting an EPS of $1.29 and revenues of $90.15 billion.
The Deets
Amid tumbling tech stocks, Apple stood its ground as it went on to report higher-than-expected earnings and revenues.
Apple did not provide a forecast for the fiscal Q1 and is yet to provide guidance since 2020 due to uncertainty in the market conditions.
The CFO does expect, however, that YoY revenue decline in the coming fiscal quarter, due to an expected decrease in Mac revenues.
So What
Following the earnings release, Apple ended the session down 3.05%.
Related News
Apple recently increased prices for its services subscription in the US.
