Tech

Despite huge iPhone sales, Apple misses the mark in Q4 earnings report

Posted on Author admin Comments Off on Despite huge iPhone sales, Apple misses the mark in Q4 earnings report
An older man in a white polo shirt flashes a peace sign while walking outdoors.

Enlarge / Apple CEO Tim Cook. (credit: Patrick T. Fallon/Bloomberg via Getty Images)

In its quarterly call with investors today, Apple revealed that its revenue grew in all of its businesses and product categories, but the numbers weren’t enough to impress investors who were expecting even bigger gains.

The company’s overall revenue grew by 29 percent to $83.36 billion, with iPhone revenue seeing the biggest growth at 47 growth year-over-year at $38.87 billion.

Services revenue came in at $18.28 billion, for 24.6 percent growth. The Mac managed $9.18 billion for 1.6 percent, and the iPad $8.25 billion for 21.4 percent. “Other products,” which includes the Watch and AirPods, grew 11.5 percent to $8.79 billion.

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