Apple reports robust demand for iPhone 16 even as overall sales in China slow

Quick Summary:

Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phoneApple reported strong demand for the iPhone 16 in its quarterly earnings report on Thursday, though overall sales in China slightly decreased year-over-year.

The company’s earnings slightly beat Wall Street projections of $94.4bn in sales and an EPS of $1.60.The company saw $46.2bn in revenue from iPhone sales, up from $43.8bn year-over-year.

The company reported $94.9bn in revenue, up 6% year-over-year, and $1.64 in earnings per share (EPS).

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Article Details

Author / Journalist: Johana Bhuiyan

Category: Artificial-intelligenceTechnology

Markets: United KingdomChinaIndonesiaIreland

Topics: Huawei Artificial intelligence (AI) Apple Technology Quarterly results Business US news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 22:00:58 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Guardian

News ID: 23355550

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