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Apple iPhone 17 Demand Surges, Revenue Up 16%

Apple Inc.’s revenue in the holiday quarter was driven by strong demand for the new iPhone 17, growth in services and a rebound in China. Earnings rose to $2.84 a share in the fiscal first quarter, beating an average estimate of $2.68. Walter Piecyk of Lightshed Partners reacts to the earnings in real time. (Source: Bloomberg)