Apple Profit Up 12% on Strong iPhone Sales, Warns on Memory Chip Costs
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Apple's iPhone revenue exceeded expectations in the latest quarter, but sales in China continued to lag, signaling ongoing competitive and demand challenges in that market. The mixed result leaves investors weighing strength in core product demand against regional softness.
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Apple's Q4 earnings exceeded consensus estimates across most metrics, with iPhone revenue specifically outperforming expectations. However, sales in China consistently underperformed, indicating persistent demand and competitive challenges in that market. Investor response has been largely neutral, suggesting a balanced view of overall strength against regional weakness.
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