Apple reported a solid fourth quarter as earnings, revenue and iPhone sales were above expectations.
The company reported fourth quarter earnings of $1.64 a share on revenue of $94.93 billion. Wall Street was looking for earnings of $1.60 a share on revenue of $94.58 billion.
With the results, Apple allayed some fears about iPhone sales. iPhone revenue was $46.22 billion in the fourth quarter ahead of expectations. However, Mac, iPad and services revenue fell short of what many analysts were expecting.
CEO Tim Cook said revenue in the fourth quarter was at a record level and up 6% from a year ago. He touted new product cycles for iPhone, Apple Watch and AirPods.
