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Apple's Earnings Top Estimates as Services Revenue Grows, But iPhone Sales Fall Short

News Snapshot:

CFOTO / Contributor / Getty Images Apple (AAPL) reported fiscal first-quarter earnings that topped estimates as its services revenue rose, though iPhone sales fell short. The iPhone maker’s revenue rose 4% year-over-year to a record $124.3 billion, roughly in-line with the analyst consensus from Visible Alpha. Earnings came in at $36.33 billion, an all-time high of $2.40 per share, compared to $33.92, or $2.28 per share, a year earlier and above expectations. By segment, Apple's services revenue grew 14% to $26.34 billion. Mac and iPad sales also rose by double-digit percentages, up over 15% to $8.99 billion and $8.09 billion,…

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