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Apple’s profits and quarterly income took place beyond Wall Street forecasts, despite the drop in iPhone sales when it was faced with mounting competition in China.
The group said on Thursday a turnover of $ 124.3 billion for its December quarter, greater than analysts in a Bloomberg survey of $ 124.1 billion and up 4% compared to the same period of the previous year. Net profit increased by around 7% to 36.3 billion dollars, also above expectations of $ 35.5 billion.
Iphone sales of $ 69.1 billion, however, was slightly and lower than forecasts of approximately $ 71 billion.
Revenues from the Chinese region, where Apple has undergone increasing competitive pressure from manufacturers of local smartphones such as Huawei and Xiaomi, dropped from around 11% to $ 18.5 billion.
Apple said it expected that the growth in revenue to a low and average figure for the March quarter, despite an expected negative impact of approximately 2.5 percentage points of the exchange -in -law.
The December quarter was the first since Apple deployed Apple Intelligence, its suite of artificial intelligence features which include a partnership with Openai. The features have not yet been introduced into languages beyond English, the company adopting a staggered approach. More languages should be added in April.
Apple’s financial director Kevan Parekh told Financial Times that the company was “incredibly optimistic about the deep impact of AI”. Parekh has embarked on the role this year, succeeding Luca Maestri, who had been in position for a decade.
The performance of the iPhone 16 compatible AI was stronger than in the markets where Apple Intelligence was not available, said Parekh, suggesting that the following had bitten the interest of consumers. During a call with analysts, Apple Managing Director Tim Cook said the trend was a “positive indicator”.
“They still retain Apple’s intelligence as a sales engine and say they have the data to support them,” said Gene Munster at Deepwater Asset Management.
Apple’s advice for the current quarter was encouraging, said Munster, potentially compensating for any negative impact on its actions from its iPhone Miss sales. Actions increased by around 3% of trade after opening hours.
Apple’s service activity, which includes the ICA Store, iCloud and Apple Pay, posted a record turnover of $ 26.3 billion in the December quarter. Its iPad and MacBook products won two -digit growth.
The results come as concerns are increasing regarding the impact of Donald Trump’s trade policies. The American president promised this week to impose prices on manufacturers of Taiwanese semiconductors. The Apple supply chain is based strongly on exporters in Asia.
Parekh refused to comment on the risks of potential tariff, saying that the company “monitored the situation closely”.
Apple’s results follow a week of turbulence for technological actions, with a rout on the actions of Nvidia pulled by anxieties around the IA breakthroughs by Deepseek of China.
Its shares were isolated from the wider rout of the technological market, and the loss of $ 600 billion in Nvidia’s market capitalization this week leaves the iPhone-Fabricant as the most precious business in the world, around 3 , $ 6 billion.
Before the report on Apple’s earnings, analysts had been interrupted on the question of whether Apple Intelligence, with its quirky deployment which has not yet reached non-English speakers, had provided a significant boost to sales of short -term equipment.
