Apple misses on iPhone revenue, sees 11% drop in China sales
Posted: Jan 30, 2025
- Apple's overall revenue rose by 4% in the first fiscal quarter, but iPhone sales declined slightly
- Overall China sales declined by 11.1%
- Apple CEO Tim Cook mentioned that iPhone sales were stronger in countries where Apple Intelligence is available
- Apple expected growth in the March quarter and anticipated "low double digits" growth for its Services division
- The company saw significant weakness in Greater China, with a decline of 11.1% in sales
- Apple's Mac and iPad sales showed strong growth
- The Services division reported a 14% increase in revenue
- The "other products" category declined by 2%
- Apple would pay a dividend of 25 cents per share and spent $30 billion on dividends and share repurchases during the first quarter
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