Apple profit tops Wall Street target even as iPhone, China sales fall short
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Apple exceeded Wall Street's profit expectations for the quarter, despite weaker iPhone sales and China revenue due to strong competition and slow AI feature rollout.
January 30, 2025 | 9:45 pm
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NEUTRAL IMPACT
Apple's quarterly profit exceeded expectations, but iPhone sales and China revenue were weak due to competition and slow AI feature rollout.
While Apple beat profit estimates, the weak iPhone sales and China revenue could concern investors. The competition in China and slow AI rollout are significant factors. However, the overall profit beat may neutralize immediate negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100