Apple Inc. reported a decrease in revenue in China by 8% for the quarter, despite surpassing analyst expectations with earnings of $16.4 billion against a forecast of $15.9 billion. Overall, Apple's earnings exceeded predictions with a revenue of $90.75 billion compared to the expected $90.01 billion, and an EPS of $1.53 versus the estimated $1.50. Tim Cook, Apple's CEO, highlighted growth in iPhone sales in Mainland China, countering reports from industry research firms such as Counterpoint, which noted a 19% decline, and IDC, which reported a 7% decline. Additionally, Apple is set to announce significant AI advancements at the upcoming Apple Event, including an enhanced iPad Pro featuring the M4 chip with advanced AI capabilities.
Apple's revenue in China • Down 8% for the quarter • Still beat analyst estimates ($16.4B vs. $15.9B) Tim Cook rn https://t.co/FOcyxSG31j
Tim Cook: iPhone sales grew in Mainland China last quarter. Major LOL at industry research firms. Counterpoint: iPhone sales were down 19% in China last quarter. IDC: iPhone sales were down 7% in China last quarter. Reminder: These companies are clueless when it comes to…
Apple's quarterly revenue in China may have been down 8% but they still beat analyst predictions • $16.37 billion vs. $15.87 billion (exp.) Tim Cook rn https://t.co/FOcyxSG31j
Apple sales drop but Tim Cook sees return to growth as iPhone maker invests in AI https://t.co/sybitRaFbJ https://t.co/9K2xXCmQQO
Apple earnings came in better than expected? • EPS: $1.53 vs. $1.50 (est.) • Revenue: $90.75B vs. $90.01B (est.) Tim Cook breathes a sigh of relief https://t.co/XU27HQX3nr
BREAKING: Apple CEO Tim Cook confirms to @CNBC that the company has big AI plans to announce at next week's #AppleEvent. The upcoming iPad Pro is expected to feature the M4 chip with significant AI hardware capabilities. https://t.co/31vB9P1cfS