Despite Declining Quarterly Sales, Apple Reports Strong iPhone 15 Pro Demand and Service Revenue Growth

Apple Sees Bright Spots with Record $22.3 Billion Services Revenue and Strong iPhone 15 Pro Sales Amid Four Straight Quarters of Revenue Decline and Slight Dip in China Market.

Demand for iPhone 15 Pro and Pro Max exceeds Apple's ability to produce them, contributing to a September quarter revenue record for iPhone.
Apple affirms its commitment to in-house silicon chips, disregarding suggestions to revert back to external vendors such as Intel.
Despite a declining overall quarterly revenue, Apple's service sector achieves an all-time record of $22.3 billion, marking a 16% year-over-year increase.
Mac sales are projected for a significant recovery as Apple introduces its significantly faster M3 family processors in MBP and iMac models.
Apple reports strong growth in the India market, attributing this success to the sale of iPhones.