Apple's Q4 Earnings: Record iPhone Sales and China Dependency in Focus

Apple reported earnings that exceeded expectations, with revenue reaching $89.5 billion in its fiscal fourth quarter. iPhone sales reached a new record of $43.8 billion, while services revenue surpassed $22 billion for the first time. However, total revenues declined for the fourth consecutive quarter, and revenues in the Mac, iPad, and Wearables categories also fell. Apple's home market in the Americas was the only major geography to see revenue rise year-over-year.