Apple's Q1 2025 earnings report revealed a revenue increase of 4% year-over-year, totaling $124.3 billion, significantly exceeding Wall Street forecasts. The company achieved a net income of $36.33 billion, up 7.1% from the previous year. However, iPhone sales dropped, particularly in China where sales fell by 11.1%, attributed to fierce competition from local brands and absent features like Apple Intelligence. CEO Tim Cook highlighted inventory issues and the importance of generative AI features in driving smartphone performance.
Apple's latest earnings report showed overall revenue beating expectations, with a 7.1% net income increase, despite significant iPhone sales drops in key markets.
Tim Cook indicated that Apple Intelligence's absence in China and inventory challenges contributed to the decline in iPhone sales, further complicating the company's market position.
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