Apple’s fourth-quarter revenue topped analysts’ estimates and Chief Financial Officer Kevan Parekh gave an upbeat forecast for the holiday season, helping renew optimism about the iPhone maker. Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate. The company benefited from stronger-than-expected services growth, helping offset a slowdown in China. The Mac and wearables division also performed better than anticipated. Seaport Research Partners Semiconductors & Electronics Senior Analyst Jay Goldberg weighs in on the results, along with Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Bloomberg Tech Co-Host Ed Ludlow. They speak with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
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