© 2024 Getty Images / Getty Images News via Getty Images Apple (NASDAQ:AAPL | AAPL Price Prediction) and Tesla (NASDAQ:TSLA) both reported earnings this year, and the results diverged sharply. Apple delivered a record-breaking quarter built on hardware demand and a growing services flywheel while Tesla reported shrinking revenue, collapsing net income, and a pivot story that remains more promise than proof. In this article, we compare the two giants. iPhone Records and Energy Wins Tell Two Very Different Stories Apple’s quarter was defined by iPhone. iPhone revenue reached $85.27 billion, up 23.3% year over year, making it the best iPhone quarter in company history. Services followed, hitting an all-time record of $30.01 billion, up 14% year over year. Total revenue came in at $143.76 billion, beating estimates of $138.52 billion by 3.78%. Tesla’s picture was harder to read. Total Q4 revenue fell 3.14% year over year to $24.9 billion, and GAAP net income collapsed 63.7% to $840 million. Vehicle deliveries dropped sharply, falling 16% year over year to 418,227 units. The bright spots were narrow: Energy Generation and Storage grew 25% year over year to $3.837 billion with record Q4 deployments of 14.2 GWh, and gross margin expanded 386 basis points to 20.1%. Business Driver