The world’s most valuable company reported its latest financial results Thursday afternoon, disclosing headline results in line with Wall Street predictions but falling short on sales in China and for its iPhones.
Apple has registered the records of the upper and rear line in the last 3 months of 2024, being almost precisely according to the analysts’ forecasts, according to Factseet: its benefit consisting with that consistent with a penny of $ 2. 41 consisting of a penny Consistent estimates of 2, $ 35, breaking the record established in the fourth quarter of the 2023 calendar, and its turnover of $ 124. 3 greater than 124. 26 billion dollars of dollars, broke the record established in the fourth civil quarter of 2021.
But Apple reported $69.1 billion in iPhone sales last quarter as the smartphones’ newest AI-enabled iPhone 16 model launched, falling short of estimates of $70.7 billion, declining compared to 2023’s last calendar quarter.
And Apple China’s sales have also disappointed Wall Street forecasts, at $ 18. 5 billion below $ 20. 9 billion of estimates, a 11% drop in the other.
The general sales expansion of 4% year after year and 10% in the expansion of net benefits arrived here in much of the expansion in the high margin division of the company, which includes the maximum of the offers that are not of Apple devices, adding the App Store, Applecare and Apple Music.
The unit reported a record of $ 26. 3 billion in quarterly revenues, 14% more year after year.
Apple’s inventories fell 0. 7% before Thursday’s report and more to negotiate the publication, keeping more than 5% this week, since the iPhone manufacturer emerged as an unexpected winner of the agitation of the inventory market of the inventory market of the great of Deepseek of China.
“In markets where we’ve introduced Apple’s intelligence, performances have exceeded markets where we haven’t,” a “positive indicator” for long-term iPhone sales, while operating systems in a position for ‘APA’ are deployed in giant countries such as China and India, Apple CEO Tim Cook told Thursday’s winning calls. Cook’s iPhone of Cook has helped build Apple’s stock to a 3% gain after hours.
Apple’s report came out 24 hours after a trio of its fellow trillion-dollar American tech firms reported their own quarterly results, to mixed sour investor response. Microsoft stock fell 6% Thursday after the world’s second-most valuable company fell short of forecasts in its Azure cloud computing unit, heading toward its worst daily loss since 2022. Shares of Meta and Tesla each gained about 2% after Meta topped sales and profit forecasts and Tesla provided bullish production updates for its forthcoming vehicles, despite falling well short of analyst projections.
The combined effects reflect “concern before the impression of profits” expressed through JPMorgan analysts led through Samik Chatterjee in a recent note to customers. The JPMorgan organization has described a trio of considerations that the report progresses: the fall in the percentage of the iPhone market in China, the “limited traction” for the characteristics of AI in the iPhones so far and the opposite winds of the exchanges because the Recent evaluation of the evaluation of the recent evaluation of Dollar makes US products more beloved abroad. China represented 17% of Apple’s source of income in its 2024 monetary year that ended in September.
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