Apple earnings show record revenue despite slowing iPhone growth

Apple narrowly surpassed Wall Street’s revenue estimates for the fourth quarter on Thursday, driven by an expanding services business. Apple's stock rose more than 4% in after-hours trading. Total revenue rose 8% year-over-year to $102.5 billion, just beating Bloomberg's analyst consensus of $102.1 billion. The results come the same week that Apple became the third company in history to reach a market capitalization of $4 trillion — following only Nvidia and Microsoft. Diluted earnings per share (EPS) re ...