Overview

• 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.