Apple services growth continues to counter iPhone sales slide in Q3

Apple's Q3 earnings and performance in the smartphone market

Key points:

• iPhone revenue declined from $40.66 billion to $39.67 billion compared to the same quarter last year
• Services revenue increased from $19.6 billion to $21.2 billion, beating analyst expectations
• Apple saw growth in China with sales up 8% year-over-year
• CEO Tim Cook highlighted the company's focus on AI and machine learning, including generative AI
• Apple plans to release its Vision Pro headset, a spatial computing device, early next year.