Published 1 month ago • loading... • Updated 28 days ago

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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Business Insider

Apple dodged a DeepSeek sell-off, but its China headache hasn't gone away

Apple reported an 11% decline in sales in the greater China region in the fourth quarter of 2024.Justin Sullivan/GettyApple avoided a hit to its share price from DeepSeek, but it has another China-made problem.iPhone sales in the country have fallen again.An 11% slide in sales last quarter is raising concerns about Apple amid tough competition in China.DeepSeek may not have triggered a sell-off panic for Apple, but the iPhone maker has another C…

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retailwire.com

Apple Reports Q1 2025 Earnings and Lower-Than-Expected iPhone Sales - RetailWire

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Inc.

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Fortune

Apple's iPhone sales slump in China

The company's overall sales in China declined 11.1% during the quarter to $18.51 billion, the largest drop in the country since the first quarter of 2024.

29 days ago·New York, United States

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BizNews.com

🔒 Apple’s stock rebounds despite China slump and iPhone sales dip

Key topics Apple’s China revenue drops 11%, missing analyst expectations. Services revenue hits record $26.3B, growing 14% year-over-year. AI rollout struggles as Apple lags behind key tech competitors. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. The seventh BizNews Conference, BNC#7, is to be held in H…

29 days ago

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Tagesschau

Apple: iPhone sales fall - but still record quarter

Apple posted record profits in the Christmas quarter, with CEO Tim Cook calling it the "best quarter ever". However, iPhone sales and business in China are declining.

29 days ago·Hamburg, Germany

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