Apple Beats Earnings Expectations, Driven by iPhone Sales

Despite strong global performance, sales in China fall short amid economic challenges and competition.

Apple reports fiscal first-quarter earnings surpassing Wall Street expectations with sales of $119.58 billion and profit of $2.18 per share.
The iPhone 15 lineup, including devices capable of capturing three-dimensional video for the Vision Pro headset, drives a 2% rise in overall sales, ending four quarters of sales declines.
Despite strong global iPhone sales, Apple's performance in China lags, with sales missing analyst targets amid stiff competition and economic challenges.
Apple's services business, including Apple TV+ and the App Store, grows by 11% to $23.12 billion, slightly below expectations.
Investors and analysts closely watch the launch of Apple's Vision Pro headset, priced at $3,500, as a potential new major computing platform.