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.
Comment on Apple reports record revenues despite stagnant iPhone sales
Samuel Axon, Ars Technica
Thu, 08/01/2024 - 3:06pm
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more