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, due to increased competition from local manufacturers like Huawei and Xiaomi.
- IPhone shipments in China declined nearly 10%, while local brands saw increases of over 20%, according to International Data Corp.
- Despite weak iPhone sales, Apple beat Wall Street's quarterly profit estimates, boosted by strong sales of iPads and Macs.
- CEO Tim Cook stated that AI features are driving sales, with a software upgrade expected in April for more markets.
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Total News Sources0
Leaning Left17Leaning Right21Center22Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 28%
C 37%
R 35%
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