Apple revenue tops Wall Street expectations but Services division comes in light

Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Monday, Sept. 9, 2024. Apple Inc. unveiled a new version of its smartwatch with a bigger screen and the ability to detect sleep apnea, part of an event Monday that will also include the iPhone 16 smartphone. Photographer: David Paul Morris/Bloomberg via Getty Images Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company's closely-watched Services division came up light versus estimates. Shares of the iPhone maker fell more than 2% in extended trading. Here's how Apple did versus consensus estimates for the quarter ending in March: EPS : $1.65 vs. $1.63 estimated by LSEG : $1.65 vs. $1.63 estimated by LSEG Revenue : $95.4 billion vs. $94.66 billion estimated by LSEG : $95.4 billion vs. $94.66 billion estimated by LSEG iPhone revenue : $46.84 billion vs. $45.84 billion estimated, per StreetAccount : $46.84 billio ... Read full article.