Enlarge / Apple CEO Tim Cook. (credit: Lionel Hahn/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year, and it satisfied investors' expectations at the top level with 5 percent growth year over year. The company set a third-quarter record with $85.8 billion in revenue. Despite that growth, a couple of key things investors were concerned about—overall iPhone sales and revenue in China—slipped downward, and Apple's stock fell slightly in after-hours trading. Revenue in China fell to $14.7 billion, down 6.3 percent from a year ago, as Apple faces fierce competition from Huawei and other smartphone companies.

Topics:  enlarge    apple ceo tim   lionel hahn/getty images    revenue   huawei   read   comments   apple   ceo tim   cook   china   record   iphone sales   year   investors   fell   percent   top   growth   billion   
BING NEWS:
  • iPhone 16 will help Apple revenue hit a record $400B this year – Counterpoint
    A new market intelligence report today projects that the iPhone 16 launch will help Apple’s revenue will hit a ...
    08/28/2024 - 3:17 am | View Link
  • iPhone 16 will lead Apple to record high $400 billion revenues in 2024
    Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record ... to three-fourths of Apple's ...
    08/27/2024 - 1:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News