The strong performance outweighed concern about the coronavirus in China, a major market as well as manufacturing hub for Apple, and a slight revenue miss in the company’s closely watched services business, which includes the new Apple TV+ streaming offering. Apple gave a revenue forecast for the quarter ending in March above Wall Street expectations. Cook told CNBC that Apple has shut one store in China and is restricting employee travel due to the virus. In the year since, Apple slashed prices in China, one of its most important markets, to rekindle sales there. Apple reported services revenue of US$12.7 billion, below analyst estimates of US$13 billion, and up from US$10.9 billion the year before.
