Apple exceeded the perspective of the analysts in profits, but by little: the Chinese competition and the threat of tariffs presses the company.
Apple presented its quarterly results, slightly overcoming Wall Street expectations, although the iPhone sales remained stable compared to the previous year. The company faces increasing competition by local manufacturers in China. In this way, the shares fall 1.3% in the Wall Street Aftermarket.
In the quarter of December, Apple reported revenues of $ 124.3 billion, exceeding the estimate of $ 124.1 billion of analysts surveyed by Bloomberg and reflecting a growth of 4 % compared to the same period last year. IPhone sales reached $ 69.1 billion, without significant changes year.
This was the first complete quarter after the launch of ‘Apple Intelligence’, Its set of artificial intelligence functions developed in collaboration with OpenAI.
Apple’s financial director Kevan Parekh, told the Financial Times His optimism on the impact of AI on the company. He stressed that DIPHONE 16 EMPHONE WITH AI CAPABILITIES It was better in markets where ‘Apple Intelligence’ is not yet available, which suggests that this technology has aroused consumers’ interest.
Parekh assumed the position this year, replacing Luca Masterri, who held the position for a decade.
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Apple’s income in China, where he faces greater competition from manufacturers such as Huawei and Xiaomi, They fell 11 %, standing at $ 18.5 billion.
On the other hand, the Company Services Segment, which covers the app store, Icloud and Apple Payreached a historical record with income of $ 26.3 billion. IPad and Macbook products also recorded a two -digit growth.
Apple reported a net income of $ 36.3 billion, exceeding the forecast of $ 35.5 billion. The profits diluted per share were $ 2.40, above the expectations of Wall Street.
These results arrive in the middle of the uncertainty about a possible new tariff regime in the US Under the administration of Donald Trump, who recently proposed to impose tariffs on Taiwanese semiconductor manufacturers. Given that Apple depends largely on Asian exporters in its supply chain, The company is closely followed by the situation, although Parekh avoided commenting on the possible risks.
Source: Ambito
