Apple (AAPL) Stock Falls Nearly 4% Following Rare Q4 Revenue Miss

Apple (NASDAQ: AAPL) shares were trading around 3.7% lower after-hours, following the company’s Q4 results announcement. Quarterly EPS came in at $1.24, in-line with the Street estimate, but revenue of $83.4 billion (up 29% year-over-year) was worse than the consensus estimate of $84.85 billion.

iPhone Q4 sales were $38.868 billion (vs. $26.444 billion in Q4/20) and Services revenue was $18.277 billion (versus $14.549 billion in Q4/20).

Apple returned over $24 billion to our shareholders in the quarter.

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