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Apple beat Wall Street expectations in its first financial results under CEO John Ternus, posting quarterly revenue of $114.48 billion, up 12% year over year, versus estimates of $113.39 billion, and earnings per share of $2.10. iPhone sales led growth, bringing in $57.58 billion, while Mac revenue rose 24% to $10.79 billion and sales in Greater China grew 21% to $17.53 billion. By contrast, iPad sales fell by more than 10% to $6.22 billion, and gross margin slipped to 47.9% from 50.1% in the previous quarter due to higher memory and component costs.
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