Apple offers modest growth forecast, but iPhone quarterly sales surpass Wall Street estimates

Apple’s AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season.

A decline in China sales during the fourth quarter also concerned some analysts and investors, helping send shares down 1.4 per cent in after-hours trade on Thursday, despite surprisingly large overall profit and revenue in that period.