Apple Q4 sales fall as big drop in Mac, iPad revenue offsets rise in iPhone sales

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Apple said sales for the fiscal fourth quarter ended Sept. 30 fell roughly 1% to $89.50 billion, with nearly $1 billion more in services revenue than Wall Street expected, helping the overall total beat analyst estimates of $89.28 billion, according to LSEG data. Net income rose about 11%. Profit per share of $1.46 beat analyst expectations of $1.39 per share, according to LSEG.

“We’re working hard to manufacture more of them,” he said. “We do believe that later this quarter, we’ll reach a supply-demand balance.”

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