which included two records. The company reported the highest revenue ever achieved by the iPhone for any fiscal fourth quarter ever. Considering that this quarter includes September whenstarts shipping the latest iPhone models, this record means a lot. The iPhone is Apple's largest business segment but its second-largest business unit, Services, also did well setting a new record for revenue during any quarter.
Wall Street was expecting a 5% gain in year-over-year revenue for the quarter so the comments made by Apple's CFO were concerning for investors. He did say that iPhone revenue will show growth during the quarter. However, Maestri warned that revenue will drop significantly during the current quarter for the iPad and Apple's wearable unit which includes the Apple Watch and the AirPods.
Apple's sales in China are of concern to the company as the release of Huawei's first 5G phone in three years, the Mate 60 Pro, has electrified consumers in China. Apple's fiscal Q4 sales in China declined 2.5% year-over-year to $15.08 billion. Some analysts were looking for Apple to report fiscal fourth-quarter revenue of $17 billion in the country.A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative.
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