* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Apple quarterly profit, revenue top Wall Street targets but China lags

February 2, 2024
in Business
Apple quarterly profit, revenue top Wall Street targets but China lags
Share on FacebookShare on Twitter

By Stephen Nellis for Reuters

An Apple iphone.

Photo: Unsplash / blocks

Apple on Thursday reported sales and profit that beat Wall Street estimates, powered by growth in its iPhone business. But China sales missed analysts’ targets.

Apple shares were down 1.7 percent in after-hours trading.

The 2 percent rise in overall fiscal first-quarter sales for the company ended four straight quarters of sales declines on the strength of its iPhone 15 lineup, which includes devices capable of capturing three-dimensional video for the Vision Pro headset being released this week. Apple’s total installed base of devices hit 2.2 billion, up from 2 billion a year ago.

“We did feel good about the plus 6 percent (revenue growth) for iPhone,” Apple chief executive Tim Cook told Reuters in an interview. “We had particularly strong double-digit growth on iPhone in emerging markets outside of China. The iPhone is doing well in those markets.”

He added: “China is the most competitive smartphone market in the world, and that hasn’t changed.”

For its fiscal first quarter ended 30 December, Apple reported sales of US$119.58 billion and profit of US$2.18 per share, both above analyst expectations of US$117.91 billion and US$2.10 per share, according to data from LSEG.

Sales of iPhones hit US$69.70 billion, growing 6 percent to beat analyst expectations of US$67.82 billion, according to LSEG data.

“The overall strength of iPhone 15 sales clearly reflected more pent-up demand for smartphones than expected, but the big miss in China is concerning as it could be the start of a longer downward trend there,” said Bob O’Donnell, an analyst at TECHnalysis Research.

Microsoft in January eclipsed Apple as the world’s most valuable company, with investors viewing Apple as lagging in the artificial-intelligence race between Wall Street’s tech heavyweights. Apple’s stock has dropped more than 3 percent in 2024, compared with the S&P 500’s 2 percent increase.

Apple has said it is researching generative AI but has instead focused on its Vision Pro headset, which analysts do not expect to bring meaningful revenue for several years.

In the shorter term, analysts are increasingly worrying about sales of Apple’s signature device in China, whose economy is navigating the burst of a real estate bubble. The iPhone also faces increasing competition in China and has fallen out of favor in government offices.

Apple said sales in China were US$20.82 billion, missing analyst estimates of US$23.53 billion, according to LSEG data.

Cook told Reuters that, when accounting for currency exchange rates, iPhone sales in mainland China were down “mid-single digits” in the quarter but said the company’s installed base of iPhones in China is at an all-time high.

Counterpoint Research reported China iPhone unit shipments fell during the quarter, with Chinese consumers looking to novel folding phones and homegrown rival Huawei, which re-entered the market with a flagship phone powered by a Chinese-made chip.

In the rest of Asia beyond China and Japan, Apple’s sales hit US$10.16 billion, above analyst estimates of US$9.75 billion, according to LSEG data. Cook said that iPhone sales hit an all-time high in South Korea, home to Apple’s longtime rival Samsung Electronics.

Investors will be listening closely for the Cupertino, California-based company’s forecast for the fiscal second quarter on a conference call at 5pm EST (2200 GMT).

The biggest growth area for Apple during its fiscal first quarter was its services business, which includes the Apple TV+ service as well as music, iCloud storage and the App Store, and which rose 11 percent to US$23.12 billion in sales. The results were slightly below analyst expectations of US$23.35 billion, according to LSEG data.

But Apple’s App Store faces a challenge in Europe, where a new law that takes effect in March will allow developers to skip paying commissions to Apple and place alternative app stores on the iPhone.

Apple’s first-quarter Mac sales were up slightly to US$7.78 billion, in line with analyst expectations of US$7.73 billion, according to LSEG data. Sales of iPads were down 25 percent to US$7.02 billion, missing expectations of US$7.33 billion, according to LSEG data.

Apple’s wearables segment, which includes its AirPods and Apple Watch sales, fell to US$11.95 billion after company executives had warned of weak demand. The results were just above expectations of US$11.56 billion, according to LSEG data.

Several Apple Watch models have been at the center of a legal dispute with medical device maker Masimo and were briefly pulled from shelves before Apple removed a blood-oxygen monitoring features to comply with legal rulings and keep selling the devices.

– Reuters

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/world/508246/apple-quarterly-profit-revenue-top-wall-street-targets-but-china-lags

Tags: ApplebusinessQuarterly
Previous Post

Why has Bunnings suddenly changed its name to Hammerbarn?

Next Post

Canal+ tests the waters with a bid to buy MultiChoice

Are Robust Financials Driving The Recent Rally In COTS Technology Co., Ltd.’s (KOSDAQ:448710) Stock? – simplywall.st

Is Strong Financial Performance Fueling the Recent Surge in COTS Technology Co., Ltd. Stock?

July 16, 2025
Planned LaFollette sports complex to boost youth sports, local economy – WATE 6 On Your Side

Planned LaFollette sports complex to boost youth sports, local economy – WATE 6 On Your Side

July 16, 2025
The Bird Flu Story No One Is Telling – Scientific American

The Untold Story of Bird Flu: What You Need to Know

July 15, 2025
Combining science and policy for a unified global soil biodiversity observatory – Nature

Building a Global Soil Biodiversity Observatory: Bridging Science and Policy for a Sustainable Future

July 15, 2025
Quality of scientific papers questioned as academics ‘overwhelmed’ by the millions published – The Guardian

Are Scientific Papers Losing Quality as Academics Struggle to Keep Up with Millions Published?

July 15, 2025
Lower your risk of early death by some 40% with this lifestyle change – CNN

Lower your risk of early death by some 40% with this lifestyle change – CNN

July 15, 2025
Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

July 15, 2025
Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

July 15, 2025
Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

July 15, 2025
Stormont Vail Health dermatology specialist talks sun safety at walk with an APP – WIBW

Top Dermatology Tips for Staying Safe in the Sun During Your Next Community Walk

July 15, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (722)
  • Economy (745)
  • Entertainment (21,632)
  • General (15,915)
  • Health (9,783)
  • Lifestyle (753)
  • News (22,149)
  • People (747)
  • Politics (756)
  • Science (15,964)
  • Sports (21,244)
  • Technology (15,729)
  • World (729)

Recent News

Are Robust Financials Driving The Recent Rally In COTS Technology Co., Ltd.’s (KOSDAQ:448710) Stock? – simplywall.st

Is Strong Financial Performance Fueling the Recent Surge in COTS Technology Co., Ltd. Stock?

July 16, 2025
Planned LaFollette sports complex to boost youth sports, local economy – WATE 6 On Your Side

Planned LaFollette sports complex to boost youth sports, local economy – WATE 6 On Your Side

July 16, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version