Apple’s Greater China revenue rises 21% but misses expectations

What happened: Apple reported Greater China revenue of $17.54 billion for its fiscal fourth quarter, up 21% year over year but below market expectations of $18.75 billion. Key numbers: Greater China revenue $17.54 billion, up 21% year over year, down 6.8% from the prior quarter, versus expectations of $18.75 billion. Total quarterly revenue $114.48 billion, up 12%. EPS $2.10, up 14%. Results released after US markets closed on November 2. Why it matters: Greater China missed forecasts while the Americas and Europe beat them, even as total revenue and EPS exceeded analyst expectations.

Apple reported Greater China revenue of $17.54 billion for its fiscal fourth quarter, up 21% year over year but below market expectations of $18.75 billion.

Greater China missed forecasts while the Americas and Europe beat them, even as total revenue and EPS exceeded analyst expectations.