Apple profit tops Wall Street target but iPhone sales weak in China
Apple beat Wall Street's quarterly profit estimates on Jan. 30, 2025, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features. The company's overall sales and profits were boosted by stronger-than-expected sales of iPads and Macs, where new chips helped persuade customers to upgrade. The lack of AI selling points contributed to iPhone sales that dropped slightly to $69.14 billion, compared with the $71.03 billion that analysts were expecting, according to LSEG data. Greater China sales dropped to $18.51 billion, compared with $20.82 billion a year earlier and below the $21.33 billion that a Visible Alpha survey of five analysts expected.
APPLE/REUTERS
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Apple beat Wall Street's quarterly profit estimates on Jan. 30, 2025, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features. The company's overall sales and profits were boosted by stronger-than-expected sales of iPads and Macs, where new chips helped persuade customers to upgrade. The lack of AI selling points contributed to iPhone sales that dropped slightly to $69.14 billion, compared with the $71.03 billion that analysts were expecting, according to LSEG data. Greater China sales dropped to $18.51 billion, compared with $20.82 billion a year earlier and below the $21.33 billion that a Visible Alpha survey of five analysts expected.
APPLE/REUTERS
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NewsTranscript
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01:09The big thing about this is it's the brightest.
01:39In all night, we have tried to give you all a great pair of warm reviews this morning.
02:10Today, we're going to have some incredible updates to our platforms.
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02:21So I'm happy to announce we're bringing Apple Vision Pro to these eight countries next,
02:27starting with China, Japan, and Singapore on June 28th.
02:32Machine learning derives both a left and right eye view from your beautiful 2D image,
02:37creating a spatial photo with natural depth that looks stunning on Vision Pro.
02:42It's so magical to reach into the past and bring your most cherished photos into the future.
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02:53just by looking at it, giving them a large, private, and portable 4K display.
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03:03into an ultra wide display that wraps around you.
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03:13to text your friends and family when you're off the grid.
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03:32Okay.
03:33In watchOS 11, we're introducing training load,
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04:31Microsoft Mechanics
04:33www.microsoft.com
04:35www.microsoft.com