How were Apple's earnings?
Asked 7 hours ago
Answer
Apple beat Wall Street expectations with earnings per share of $1.85 and revenue of $102.47 billion. iPhone sales rose 6% but missed analyst estimates, while services revenue grew 15% and surpassed $100 billion annually for the first time. China sales declined 3.5%. Apple provided strong guidance for the December quarter, projecting double-digit iPhone growth and record sales, despite ongoing supply constraints.
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Amazon and Apple report earnings
- Amazon's AWS cloud business grew over 20 percent, generating $33 billion in revenue and easing concerns about its position in the cloud market. 15s
- Amazon invested heavily in infrastructure, including $34 billion in Q3 and new AI chips, aiming for a $200 billion-plus quarter in Q4. 1m 6s
- Amazon's in-house AI chips are reported to be 30-40 percent cheaper than competitors like NVIDIA, providing a competitive edge. 2m 32s
- Apple's iPhone 17 saw strong demand, with iPhone revenue up 6 percent, though supply constraints limited sales; services revenue surpassed $100 billion for the fiscal year. 3m 27s
- Apple expects double-digit iPhone growth and its best December quarter ever, with a significant AI update to Siri planned for next year. 4m 13s
References
Apple's iPhone 17 demand was strong, but September quarter iPhone revenue missed estimates despite 6% growth. Services were up 15%, surpassing $100 billion for the year. China sales fell 3.5%. Apple expects 10-12% top-line growth and record December quarter sales, with double-digit iPhone growth projected.
Apple beat expectations with EPS of $1.85 and revenue of $102.47 billion. iPhone revenue missed estimates at $49.03 billion, up 6% year-on-year. Services grew 15% to $28.75 billion, surpassing $100 billion annually for the first time. China sales fell 3.5%. Apple projects 10-12% revenue growth and record iPhone sales for the December quarter.