Apple reports another record quarter but shows signs of lukewarm iPhone 14 demand

Apple reported its fiscal fourth quarter earnings on Thursday, tallying $90.1 billion in revenue and earnings per share of $1.29 — both above Wall Street expectations — in a period when other tech giants aren’t faring so well. Practically all of Apple’s divisions, including iPhone, Mac, services, and wearables, were up year over year, with the exception of the iPad. But despite YOY growth, iPhone revenue came in beneath estimates.

There’s been conjecture among analysts and other reports that the iPhone 14 and iPhone 14 Plus are underperforming Apple’s expectations for the “regular” lineup, with most upgraders favoring the 14 Pro and 14 Pro Max. The Pro phones include a faster processor, upgraded camera system, and the new Dynamic Island...

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