The tech giant saw growth across most of its divisions, including Mac, iPad, and services.

Third-party estimates had predicted a nearly 10 percent year-over-year decrease in iPhone shipments in China during the fourth quarter.

They are expressing concern about the lack of compelling features to drive iPhone demand.

Apple reports record quarter despite iPhone sales dip

Other investors are taking a more sanguine view.

“There’s nothing here to make us think that won’t happen eventually.”