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Apple Inc. (AAPL)
Apple reported strong quarterly results driven by iPhone 16 sales and continued growth in its services segment.[1] The company beat Wall Street expectations with revenue up 8% year-over-year, while services revenue reached a new quarterly record of $24.2 billion.[2] Analysts have raised price targets following the earnings beat, with several noting that Apple Intelligence features are driving a stronger-than-expected upgrade cycle among existing iPhone users.[1]
- iPhone 16 sales exceed Wall Street expectations by 12%[1]
- Services revenue hit new quarterly record at $24.2B[2]
- Apple Intelligence features driving upgrade cycle[1]
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