Apple earnings top Wall Street forecasts while iPhone, China sales fall short
Published On Jan 31, 2025, 9:30 AM
Apple reported its fiscal Q1 earnings, surpassing Wall Street's forecasts with an earnings per share of $2.40 and total revenue of $124.3 billion. However, the iPhone segment revenue fell short of expectations, generating $69.1 billion against a forecast of $71 billion, and sales in China also lagged, coming in at $18.5 billion compared to the anticipated $21.5 billion. Despite the revenue miss in these key areas, the stock initially surged by 4% following the earnings announcement.
Stock Forecasts
AAPL
Negative
While Apple beat earnings expectations, the disappointing iPhone sales and underperformance in China are concerning. Continued pressure from competitors and weak demand could affect future earnings. The stock might experience volatility as it has shown some resilience but fundamental weaknesses are evident.
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