Apple sales rise 6%, company seeing early iPhone 16 demand
Publishing timestamp: 2024-10-31 16:00:01
Summary
Apple's fiscal fourth-quarter results beat expectations, but net income slumped due to one-time tax charge in Europe. iPhone sales and overall sales rose by 6%. Apple shares were down 2%. The company expects low to mid-single digit sales growth in the December quarter and signaled similar services growth as the past year. Apple's cash pile stands at $156.65 billion. Sales in China, Taiwan, and Hong Kong were down slightly.
Sentiment: MIXED
Tickers: AAPL, GOOGL, AMZN, META, MSFT,
Keywords: dividends, iphone, technology, microsoft corp, meta platforms inc, alphabet inc, amazon.com inc, breaking news: technology, earnings, tim cook, business, business news, entertainment, apple inc,
Source: https://www.cnbc.com/2024/10/31/apple-aapl-q4-earnings-report-2024.html