Apple beats Q3 expectations despite a decline in iPhone sales

Summary

Certainly! Here are the key takeaways from the article about Apple's third-quarter earnings:

Revenue and Earnings: Apple beat analysts' expectations with revenue of $85.5 billion and earnings per share (EPS) of $1.40[^1^][1][^2^][2].
China Performance: Despite a year-over-year decline in iPhone sales, Apple's sales are generally improving in China. However, it fell short of revenue expectations in the region.
Product Sales: Services revenue hit $24.2 billion, iPad sales exceeded expectations, and Mac revenue climbed. Wearables sales declined.
Apple Intelligence Software: Apple is preparing to launch its generative AI-powered software later this fall, which could impact iPhone sales[^3^][3].

Overall, Apple's performance remains strong, with shares up 18.6% year-to-date[^4^][4]. (Source: Yahoo Finance, Bloomberg)