Apple Q1 Europe Sales $30.4B, Up From $27.7B YoY; Greater China Sales $20.8B, Down From $23.9B YoY
Portfolio Pulse from Benzinga Newsdesk
Apple reported its Q1 earnings with Europe sales increasing to $30.4B from $27.7B year-over-year, while Greater China sales decreased to $20.8B from $23.9B in the same period.
February 01, 2024 | 9:33 pm
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NEUTRAL IMPACT
Apple's Q1 earnings reveal a mixed performance with an increase in Europe sales but a decrease in Greater China sales.
The increase in Europe sales indicates strong performance and market presence in the region, potentially offsetting the decline in Greater China sales. However, the decrease in sales in Greater China, a significant market for Apple, could raise concerns about growth prospects there. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100