Apple Exceeds Wall Street Profit Expectations Despite Lower iPhone and China Sales

Apple experienced an 11% drop in revenue from China, amounting to $14.3 billion for the previous financial year, signaling difficulties posed by domestic rivals. iPhone sales in China fell by close to 10%, while Huawei and Xiaomi observed growth exceeding 20%, as per the International Data Corp. On a positive note, Apple's services division expanded by 13.9% compared to the previous year, reaching $26.34 billion, surpassing the anticipated $26.09 billion.