US EditionApple Beats Earnings Estimates with iPhone Momentum
Apple said iPhone demand and services revenue lifted quarterly profit to $29.6 billion, while shares slipped as investors weighed its AI strategy.
- Apple on Thursday reported $29.6 billion in profit on $111.2 billion in revenue for its recently ended fiscal quarter, beating analyst expectations.
- Celebrating its 50th anniversary, Apple prepares for a leadership transition as Chief Executive Tim Cook steps down late this year, with Ternus taking over in September.
- Product sales reached $80.21 billion with a 16.7% annual increase, while services revenue climbed 16.2% to nearly $31 billion, driven by iPhone strength and services records.
- Concerns persist over Apple's generative AI strategy as rivals Google, Microsoft, and OpenAI advance; the company turned to Google for Siri capabilities amid a delayed upgrade.
- Following the results, shares slipped 0.2% in after-hours trading in Nova York as investors weighed the company's future amid rapid artificial intelligence advances.
38 Articles
38 Articles
Apple did better than expected in the second quarter thanks to its iPhone sales that grew by 22% over a year, notably thanks to the smartphone-vedette, the iPhone 17The U.S. technology group Apple released on Thursday results higher than estimated for the second quarter of its offbeat fiscal year (closed at the end of March), thanks in particular to the good performance of iPhone's sales.The net profit stands at $29.6 billion, up 19% over a year…
Record figures for Apple, which has seen its profit increase over the last three months by 19%. This is more than expected. This growth is due in particular to the sales of its flagship phone.
A few days after it was announced that after 15 years, Tim Cook will no longer be Apple's CEO as of September, the technological giant reported its results for the first quarter.While the company reported higher revenues than expected by the market in the first quarter, driven by the increase in sales of its flagship brands: iPhone and Mac, the results failed to excite the market.Apple had sales for $111.2 billion in the period, higher than the …
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