"Today, Apple is very proud to report a September quarter revenue record of $102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services, Apple's CEO, Tim Cook, said in a statement. Despite high overall iPhone sales, the company's revenue in China from the smartphone came in below Wall Street estimates. Cook also forecast 10% to 12% revenue growth in the quarter ending in December, typically Apple's biggest of the year."
"While the market remains fixated on AI adoption and monetization, Apple proves that the old recipe still works at least for another quarter with solid sales growth in its legacy products and services, supported by a better-than-feared global economy, driving solid revenue expansion, said Thomas Monteiro, a senior analyst at Investing.com."
"Apple reported $102.47bn in revenue, up 8% year over year, compared with analysts' estimates of $102.24bn. The company also beat Wall Street's expectations for its other products and services revenue. For iPhone revenue, Apple notched a slightly lower $49.03bn compared with estimates of $50.19bn. In after-hours trading, Apple's stock rose slightly."
Apple reported its first quarterly earnings since launching its new iPhone lineup, posting $102.47bn in revenue, an 8% year-over-year increase and beating estimates. iPhone revenue was $49.03bn, slightly below estimates, while Services set an all-time revenue record. Revenue from iPhone sales in China came in below estimates despite renewed demand for iPhone 17 and 17 Pro models. Apple forecast 10%–12% revenue growth for the December quarter. Demand for the ultra-thin iPhone Air remains unclear, with conflicting production reports. Market focus on AI contrasts with growth driven by legacy products and services, and shares rose slightly in after-hours trading.
Read at www.theguardian.com
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