Apple tops Wall Street forecasts with iPhone, Mac sales

Apple reported quarterly sales and profits that beat Wall Street expectations, driven by strong iPhone and Mac demand despite price increases across the consumer electronics sector. Mac sales surged 28.7% to $10.35 billion, beating estimates, while iPad sales fell. Gross margins of 50.1% exceeded guidance, boosted by tariff refunds. Greater China revenue rose 22.4% to $18.82 billion, and all product categories except iPad showed growth.