Apple reports Q3 revenue up 16% YoY to $109.42B, vs. $108.65B est., net income up 27% to $29.79B, and China revenue up 22% to $18.82B, vs. $19.6B estimated
THE SO WHAT
Apple is showing it can grow double digits at $100B+ a quarter — but even with 22% China growth, it's still under the Street's China bar. If you're in the Apple ecosystem, expect continued pressure to monetize installed base and services more aggressively rather than chasing pure unit growth.
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