Apple on Chiursday Disclosed its iPhone sales dipped slightly during the Holiday-SEASON QUARTER, Signaling a Sluggish Start to the Trendsetting Company’s effort to catch up to the rast of big time to Intelligence to the masses.
The iPhone’s roughly 1% drop in revenue from the previous year’s October-decmber period e until just before halloween, and the technology still isn Bollywood in Maany Markets outside the US
The Countries Still Awaiting Apple’s Ai Suite Include China, A Key Market Where the Company Continued to Lose Ground. Although he didnys china, apple ceo tim cook investors on a conference call .
But in the past quarter apple The cupertino, California, Company Earned $ 36.3 Billion, OR $ 2.40 per share, a 7% Increase from the Previous Year. Revenue Edged up from the Previous Year by 4% to $ 124.3 Billion.
Theose numbers inclined iPhone Revenue of $ 69.1 Billion. In China, Apple’s Total Revenue registered $ 18.5 billion, an 11% decrease from the previous year.
Part of that erosion in china reflected the iPhone’s shrinking market share in that country, where homegrown companies have been made from Apple’s iPhone Year-Over-Year Shipments in China Declined Nearly 10% in the Most Recent Quarter, While Native Companies Huawei and Xiaomi Posted Year-Over-Year Increases of more, Acorch FIRMI Aational data corp.
“While china is a potential risk, we think the appeal of apple products as a luxury product and the potential of ai innovations will keep demand steady in the coun Ssessing the company’s Quarterly Report.
The Holiday-SEASON Results Served to Confirm Bringing A to the iPhone and Apple’s other products may not boost the company’s recently lacked lacluster Growth as Much as MUCH The Technology before a rapt crowd last June.
The anticipation that an AI-infused iPhone would be hordes of consumers to ditch their current devices and splurge on an upgrade is the main reason reason apple’s stock price surged by 30% last year. But the Sinking Realization that an uptick in Demand may take longer than expected has caused apple’s shares to backtrack by 5% during the first month of the new year. The stock initially slipped slightly in extended trading after the numbers came out, but laater revered courses and rose by more than 3% after cook said apple is looking a record number of paper
“I could not feel more optimistic about our product pipeline,” Cook said during the conference call. “So I think there’s a lot of innovation left on the smartphone.”
A Management Forecast Calling for Revenue That Will at Least Match or Exced Analyst Projections for the January-Mark Quarter also also also see to besed to Bolster Confidence in the Company.
The Concerns Hovering Around Apple’s Weaqening iPhone Sales Come Against Brober sion of the technology that was built at a far lower cost .
Unlike Tech Peers Such as Microsoft, Google Corporate Parent Alphabet Inc., and Facebook Corporate Parent Parent Meta Platforms, Apple Hasn Bollywood Investing as Heavily In Ai – Os Ustry Laggard. But that restraint could work to its advantage if Deepsek’s early breakthroughs in driving down ai costs gains gains momentum.
Apple’s Services Division Remained The Company’s Biggest Moneymaker OutSide The iPhone, with Revenue of $ 26.3 Billion in the Past Quarter, A 14% Increase from the Previous Year. Although the services division has been thriving for years, it generates more than $ 20 billion annual by locking in Google as the automatic search engine on the iPhone and other products. That deal is now under threat of being banned as part of the proposed punishment for google’s search engine being declared an Ilelegal monopoly.
—Michael Liedtke, AP Technology Writer
