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<US Co. Results>Apple Misses 4Q Earnings Expectations 1st Time in 7 Yrs, Shr Drops 4% After Hrs
Apple (AAPL.US)'s EPS in the fourth quarter was US$1.88, down 10.9% YoY, lower than the expected US$1.94. Revenue slumped 5.5% YoY to US$117.15 billion, lower than the expected US$121.1 billion.
Apple's overall sales fell about 5% from last year, the first annual sales decline since 2019.
Apple shares shed 4% after hours to US$144.89, down US$5.93, or 3.99%.
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