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Notably, Cook acknowledged challenges in Greater China, where revenue fell by 11% year-over-year. This decline stemmed from shifts in channel inventory and broader market competition, underscoring the competitive landscape in which Apple operates. Moving forward, Cook expressed optimism about emerging markets like India, where the company continues to see robust growth and opportunities for increased market penetration.
Investor Relations and Future Outlook
CFO Kevin O’Leary provided guidance for the March quarter, projecting total revenue growth in the low to mid-single digits, alongside expectations of services revenue growth in low double digits. Gross margins are anticipated in the range of 46.5% to 47.5%, despite expected foreign exchange headwinds.