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Apple profit tops Wall Street target even as iPhone, China sales fall short

  • Apple reported an 11% decrease in revenue from China, totaling £14.3 billion for the last financial year, amid increased competition from local brands.
  • IPhone sales in China fell nearly 10% in the most recent quarter, while Huawei and Xiaomi saw over 20% increases.
  • Despite challenges, Apple beat Wall Street's profit estimates, boosted by strong sales of iPads and Macs, with total sales of $26.34 billion in services, up 13.9% from last year.
  • CEO Tim Cook stated that AI features are driving sales and expressed optimism about future product innovations, indicating a recovery in iPhone sales is expected.
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Macworld broke the news in on Thursday, January 30, 2025.
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