Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'
Portfolio Pulse from Ananya Gairola
Apple CEO Tim Cook expressed optimism about Apple's performance in China during the fourth-quarter earnings call, highlighting stable year-over-year performance and an all-time high in active devices. Despite positive signs, Cook refrained from speculating on the impact of China's economic stimulus. Apple reported fiscal fourth-quarter revenue of $94.9 billion, slightly beating expectations, with $15.03 billion in revenue from China.
November 01, 2024 | 8:44 am
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Apple's Q4 earnings call revealed stable performance in China, with revenue slightly beating expectations. Tim Cook highlighted positive signs but refrained from speculating on China's economic stimulus impact.
Apple's stable performance in China and slight revenue beat are positive indicators for investors. The all-time high in active devices and strong sales of new products suggest continued growth. Cook's cautious stance on economic stimulus impact reflects prudent management.
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