Apple sales rise 5%, topping estimates as iPad and Services revenues jump
Publishing timestamp: 2024-08-01 16:00:01
Summary
Apple reported quarterly earnings that beat analyst expectations, with revenue rising 5%. iPhone remains the most important business, accounting for 46% of total sales. Services revenue also exceeded expectations. Apple expects similar revenue growth in the current quarter and sees operating expenditures between $14.2 billion and $14.4 billion. Despite beating estimates, iPhone revenue declined year over year. Apple's iPad division showed the strongest growth, while the Services business is the most important growth category. Apple also reported a decline in sales in greater China.
Sentiment: MIXED
Tickers: AAPL,
Keywords: breaking news: earnings, apple inc, earnings, breaking news: technology, barclays plc, business news, business, tim long, tim cook, china, technology, dividends, mobile, entertainment, nvidia corp,
Source: https://www.cnbc.com/2024/08/01/apple-aapl-earnings-report-q3-2024.html