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| Name | Apple earnings top expectations, Investors can 'breathe a sigh of relief' on Q4 results: Analyst |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 02-11-2023 22:11:27 |
| Video Discription | Apple (AAPL) reported fiscal fourth-quarter results that topped Street expectations. The tech giant reported earnings per share of $1.46 compared to estimates of $1.39 and revenue of $89.50 billion versus estimates of $89.35 billion. The results got a boost from better-than-expected iPhone sales and its services segment. Greater China sales missed analyst estimates, however. Tom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Apple's earnings results ahead of its earnings calls and the challenges the iPhone maker is seeing in device sales and China. "The 2% decline in China is a concern and China is about 20% of revenue for Apple," Forte tells Yahoo Finance. "But, again, investors should breathe a sigh of relief to the extent that sales and earnings were better than expected and there's enough in there to give some people hope." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV |
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