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