Apple shares rise 3% as boost in services revenue overshadows iPhone miss
Publishing timestamp: 2025-01-30 17:00:01
Summary
Apple's overall sales rose in the first fiscal quarter, but iPhone sales declined slightly and China sales dropped 11.1%. Despite missing Wall Street's expectations, Apple's shares rose after giving a positive forecast for the March quarter. The Services division saw strong growth, but the "other products" category declined. Cook attributed the growth in Mac and iPad sales to new products.
Sentiment: MIXED
Tickers: AAPL,
Keywords: dividends, business, iphone, business news, mobile, apple inc, technology, earnings, entertainment, china, breaking news: technology, tim cook,
Source: https://www.cnbc.com/2025/01/30/apple-aapl-q1-earnings-2025.html