BUZZ-Apple falls as quarterly iPhone, China sales miss estimates

Shares of Apple AAPL.O rise 1.57% to $233.85 in extended trading

Apple reports fiscal Q1 sales of $124.3 bln vs. est. of $124.12 bln, according to data compiled by LSEG

AAPL posts Oct-Dec quarter profit of $2.40/shr, beats est. of $2.35/shr

Company's iPhone sales in fiscal Q1 of $69.14 bln misses est. of $71.03 bln

Apple says Greater China sales in the Dec-quarter was $18.51 bln, lower than est. of $21.33 bln, according to five analysts polled by Visible Alpha

"We saw that in markets where we have rolled out Apple Intelligence, the year-over-year performance on the iPhone 16 family was stronger than those where Apple Intelligence was not available" - CEO Tim Cook tells Reuters

Up to Thursday's close, AAPL rose 26.4% in the past 12 months