Get the latest gossip
Apple FYQ1 Revenue Rises, Ending Sales Slump; IPhone Sales A Beat; Growth Slows In Greater China
Apple beat on the top and bottom line today but investors nudged the shares lower as sales fell and in China and the company didn’t deliver the blowout the Street seemed to want. Revenue of $119.…
Apple beat on the top and bottom line today but investors nudged the shares lower as sales fell and in China and the company didn’t deliver the blowout the Street seemed to want. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.” “Our December quarter top-line performance combined with margin expansion drove an all-time record EPS of $2.18, up 16 percent from last year,” added CFO Luca Maestri. Shares of the Cupertino, California-based company surged 50% last year but slowed in 2024 reflecting concerns in 2024 over softening iPhone sales growth and slower than hoped for AI development.
Or read this on Deadline