Earnings Call

Apple Beats Q1 Earnings Forecasts, Faces Sales Dip in China

Apple exceeded revenue and earnings per share (EPS) expectations in its fiscal first-quarter report, despite a 13% sales decline in China, a crucial market for the company. The iPhone maker's shares dipped slightly by over 1% in after-hours trading following the announcement. In the quarter ending December 30, Apple reported an EPS of $2.18, outperforming...

Apple Hits 2 Billion Active Devices; Cook Says Production Disruptions Over

Today Apple announced its Q1 2023 earnings, reporting $117.2 billion in revenue and net income of $29.9 billion for the December quarter. Revenue was down 5% year-over-year, affected by production disruptions in China due to COVID-19. Apple CEO Tim Cook told Reuters in an interview that production disruptions are essentially over, as they "lasted through...