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Apple revealed quarterly results that slightly exceeded Wall Street’s expectations, but iPhone sales were flat in the past year as the company fights growing competition from local equipment manufacturers in China.
Apple reported $ 124.3 billion on Thursday for its quarter in December, beating analysts’ estimates in a Bloomberg survey of $ 124.1 billion and 4 percent from the same period last year. The iPhone sales were $ 69.1 billion, approximately flat from year to year.
It marks the first full quarter since Apple revolves “Apple Intelligence”, its set of artificial intelligence features involving a partnership with OpenAi.
Apple’s leading financial officer Kevan Parkh told Financial Times that the company was “too optimistic about him deep impact”.
The performance of the iPhone 16 activated with it was stronger than in markets where Apple Intelligence was not available, he said, suggesting that Apple Intelligence has reduced the interest of consumers.
Parkh went to the role this year, taking over from Luca Maestri, who had been in position for a decade.
Revenue for the China region, where Apple has increased the competitive pressure from local smartphone manufacturers like Huawei and Xiaomi, was $ 18.5 billion, about 11 percent.
Apple’s service business, which includes the App Store, ICloud and Apple Pay, hit a high record, posting $ 26.3BN. Its iPad and MacBook products also had double -digit growth.
His total net income was $ 36.3bn, over 35.5bn $ estimates. Diluted earnings per share were $ 2.40, also on Wall Street’s expectations.
The results come as concerns increase about the impact of a new possible US tariff regime under President Donald Trump, who promised to impose tariffs this week for Taiwanese semiconductor producers. Apple’s supply chain relies heavily on exporters in Asia.
Parkh refused to comment on the potential risks of tariffs, saying the company was “monitoring the situation closely”.
Apple’s shares were flat in trading on Thursday, after a week of turmoil for technology shares, with a route in Nvidia shares driven by anxieties about it from Deepseek, China.
Its shares were isolated from the broadest way of the technology market, and the $ 600BN loss for Nvidia market capitalization this week leaves the iPhone manufacturer as the most valuable company in the world, with about 3.6tn $.
Before Apple’s profits report, analysts had been useful if Apple Intelligence, with its amazing participation that it has not yet reached non-English speakers, had provided any significant incentives for hardware sales in a shorter term.
