In its first financial report under new leadership, Apple reported a quarterly revenue of $114.5 billion, narrowly beating Wall Street expectations thanks to resilient global iPhone demand. However, the consumer technology giant’s stock wavered in postmarket trading after executives issued a cautious margin forecast for the upcoming quarter. Senior leadership cited rising memory chip costs as a primary driver behind current supply constraints. Additionally, investors expressed growing concern over a noticeable slowdown in Appleās high-margin services sector, leaving little room for error as macroeconomic headwinds tighten.
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