Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone.
Sales and revenue in the July-September quarter exceeded Wall Street estimates as Apple's newest iPhones got off to a better start than expected, even though the devices aren't that much different from last year's models.
In another encouraging sign for the company, Apple's sales in China recover further from a sharp drop-off earlier this year. That helped ease worries that Apple might be bruised by President Donald Trump's trade war with the world's most populous country. "You can tell from the guidance we are bullish," Apple CEO Tim Cook told analysts during a Wednesday conference call.
Apple's recent success has been driven largely by strong growth in its services division, which primarily feeds off the roughly 1.4 billion iPhones, iPads and iPod Touches already in use. The division already is prospering from app store commissions, device repairs, digital payments and Apple's music-streaming service.
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