• MacBook Neo drives Mac sales above estimates, targeting lower-priced laptop market
  • iPhone sales slightly miss estimates due to supply constraints, CEO Tim Cook tells Reuters
  • Services revenue beats forecasts, China sales beat estimates, $100 billion buyback authorized

SAN FRANCISCO, April 30 (Reuters) - Apple AAPL.O on Thursday reported results that beat Wall Street estimates, with customers showing eagerness to buy a new MacBook model driven by incoming CEO John Ternus, while supply constraints hindered iPhone sales.

Apple said sales and profits were $111.18 billion and $2.01 per share for the fiscal second quarter ended March 28, above analyst expectations of $109.66 billion and $1.95 per share, according to LSEG.

Sales of the iPhone, still the company's best-selling product nearly 20 years after its introduction, were $56.99 billion, slightly less than estimates of $57.21 billion, according to LSEG data, after the biggest revamp of the lineup since the iPhone X in 2017.