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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242 Articles
242 Articles
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20
Center
24
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Coverage Details
Total News Sources242
Leaning Left20Leaning Right23Center24Last UpdatedBias Distribution36% Center
Bias Distribution
- 36% of the sources are Center
36% Center
L 30%
C 36%
R 34%
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