Apple earnings top Wall Street forecasts while iPhone, China sales fall short

Published On Jan 30, 2025, 4:50 PM

Apple's recent earnings report showed better-than-expected earnings per share (EPS) of $2.40 and revenue of $124.3 billion, surpassing analyst expectations. However, the company fell short in iPhone sales, bringing in $69.1 billion instead of the anticipated $71 billion, coupled with disappointing performance from the Greater China region where sales totaled $18.5 billion compared to the expected $21.5 billion. Despite these shortcomings, Apple's stock performance remains robust, being up 24% year-over-year, albeit users are concerned about declining market share and the stagnant iPhone growth amid increasing competition and market conditions in China.