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Apple's revenue from iPhones in the fourth quarter turned around, but sales in China were lackluster, profits were dragged down by a billion-dollar tax payment, and revenue for this quarter may slow down.
In the third quarter, Apple's revenue reached a new high for the same period, with accelerated growth of 6%, expected to be in the 'mid-single digits' in the fourth quarter, while analysts expect growth of 7%; EPS in the third quarter decreased by nearly 34% year-on-year, excluding the one-time tax payment impact of $10.2 billion, EPS increased by 12%; iPhone revenue rebounded by 5.5% after a decline in the second quarter, exceeding expectations, service revenue fell below expectations, with growth slowing to 12%, iPad revenue increased by nearly 8% but still below expectations, and wearable device revenue unexpectedly dropped by 3%; Greater China sales in the third quarter saw a significant slowdown year-on-year to 0.3%, with analysts expecting a turnaround. Apple's stock fell by more than 2% in after-market trading.
Apple's 2024Q4 earnings conference: will introduce more apple asia vets features in the coming months, and support more languages.
On November 1st, Apple (AAPL.US) released the financial results for the 2024 Q4 quarter ending on September 28th, with a total net revenue of 94.93 billion US dollars for the quarter, a 6% year-on-year growth; net income of 14.736 billion US dollars, a 36% year-on-year decrease.
Express News | Apple Shares Down 1.4% Premarket After Q4 China Sales Miss Estimates
Apple bets on india: the next growth engine, or an untapped potential market?
Can apple, which set a quarterly revenue record in india, turn this emerging market into the next gold growth point?
Indonesia strengthens foreign investment supervision: Following the ban on the sale of iPhone 16, Google Pixel phones are also prohibited from being sold.
The government of india recently announced that due to Google's failure to meet domestic content requirements, the sale of Google Pixel phones in the country has been banned.
Barclays Maintains Apple(AAPL.US) With Sell Rating, Cuts Target Price to $184
CNBC Daily Open: Big Tech Needs to Go Beyond Beating Earnings Expectations
US technology stocks' 'weird phenomenon': Beating expectations is no longer enough, investors want more.
①For investors, the better-than-expected performance of large technology companies in the US is no longer enough to satisfy them; ②This week, technology companies have successively released quarterly financial reports, with revenue and profits mostly exceeding expectations, yet the market response has been brutal; ③Some believe that the dismal stock price is due to the market's overly high expectations, while others attribute it to a technical profit-taking pullback.
Apple Inc (AAPL) Q4 2024 Earnings Call Highlights: Record Revenue and Strong Services Growth
Apple, Amazon And 3 Stocks To Watch Heading Into Friday
Express News | Shipments of Smartphones Within China Down 25.7% Y/Y at 23.72 Million Handsets in Sept - Caict
Express News | Following the Apple iPhone 16, Indonesia has banned the sale of Google Pixel phones due to local content requirements.
Apple's earnings in the fourth quarter exceeded expectations, why did the stock price drop after hours, what was revealed during the earnings conference? | See details in the link provided.
Gelonghui November 1st | Apple released its fourth quarter performance ending in September, with quarterly revenue of 94.93 billion USD, a 6% year-on-year increase, earnings per share of 0.97 USD, both exceeding market expectations. However, in the aftermarket, Apple fell more than 1%. Apple executives stated during the performance conference call that they expect first quarter revenue growth to slow to the middle of the 0-10% range. The above content is summarized and generated by Baidu Wangpan's "Simple Listen and Remember" AI summary. To learn more about the core data from Apple's financial report conference call and more, please click on the following link.
Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip
Carvana, Costco, and 12 More Stocks Are Flashing a Warning -- Barrons.com
Goldman Sachs: Apple (AAPL.US) performed well in the fourth quarter, with iPhone sales exceeding expectations and offsetting losses in the service business.
Goldman Sachs released a research report stating that Apple (AAPL.US) exceeded both the bank's and the market's expectations for earnings per share in the fourth quarter, mainly due to revenue and gross margin surpassing expectations. iPhone sales revenue outperformed expectations, offsetting the underperformance of service business revenue and other product revenue. Goldman Sachs further stated that Apple's expense management is strong, expenses are in line with the bank's expectations, and exceed market forecasts. Shareholder returns also met expectations. The bank set a target price of $275 for the group, with a 'buy' rating.
Are the financial reports of the technology giants in the US stock market insufficient in the beginning of the season, is the "AI hot" expectation overhyped or just a technical profit-taking pullback?
Large technology companies need to meet investors' expectations for both the past and the future more than any other industry.
Guo Mingchi: Apple will introduce its own Wi-Fi chip next year, reducing reliance on Broadcom.
Prominent analyst Ming-Chi Kuo stated on Thursday that Apple (AAPL.US) may reduce its reliance on Broadcom (AVGO.US) Wi-Fi chips next year and introduce its own processor.
Express News | Institutions: The apple iPhone 16 series had a slight year-on-year decline in first-launch sales in the USA.
HK Stocks News | Apple supplier stocks dropped across the board in the morning, with q tech (01478) falling over 4%. Apple's greater china business under pressure in the fourth quarter.
Apple supplier stocks fell across the board in the morning session. As of the time of publication, q tech (01478) fell by 4.31%, to HK$4.88; Sunny Optical (02382) fell by 2.47%, to HK$49.4; byd electronic (00285) fell by 1.64%, to HK$32.95.