How Apple Maintains Its Market Edge
Portfolio Pulse from
Apple's Services revenue reached $25 billion in Q4 FY2024, growing 12% YoY with 74% gross margins. The iPhone generated $46.2 billion, 49% of total revenue, growing 6% YoY. Revenue growth was uneven, with stagnation in China but strong growth in Europe and emerging markets.
November 28, 2024 | 1:30 am
News sentiment analysis
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POSITIVE IMPACT
Apple's Q4 FY2024 results show strong growth in Services and iPhone sales, with uneven revenue growth across regions. Services revenue grew 12% YoY to $25 billion with 74% gross margins, while iPhone sales reached $46.2 billion, 49% of total revenue, growing 6% YoY.
Apple's strong performance in Services and iPhone sales, particularly in Europe and emerging markets, suggests positive investor sentiment. The high gross margins in Services and significant contribution of iPhone sales to total revenue are likely to boost short-term stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100