Apple Shares Slip 4% Despite Revenue Beat in Q4 Earnings

Apple shares slipped 4% in Tuesday's trade to $325 as fourth-quarter results offered a mixed picture in the first report under CEO John Ternus.

The iPhone maker reported revenue of $114.5 billion for the fiscal fourth quarter ended September 26, up 12% from the same period last year.

iPhone revenue reached $57.6 billion up from $49.0 billion a year earlier, while gross margin came in at 47.9% with tariff refunds supplying one percentage point.