How Did Apple’s Key Segments Perform?
The tech giant reported earnings per share of $2.40, surpassing analyst expectations of $2.35. Revenue came in at $124.30 billion, slightly ahead of the $124.12 billion estimate. However, iPhone revenue totaled $69.14 billion, missing projections of $71.03 billion, marking Apple’s biggest iPhone sales miss in two years.
Mac and iPad segments posted strong gains, with Mac revenue jumping 15% to $8.99 billion, beating estimates of $7.96 billion. iPad revenue also surged 15% to $8.09 billion, exceeding expectations of $7.32 billion. Apple’s Services division, a key profit driver that includes subscriptions and licensing deals, generated $26.34 billion, up 14% from the prior year and ahead of forecasts.
Why Did China Sales Drop Over 11%?
Sales in Greater China, including Hong Kong and Taiwan, fell 11.1% to $18.51 billion, the biggest…
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