澳洲幸运5官方开奖结果体彩网

Apple Earnings Beat Estimates, China Sales Slowdown Drags Stock

By
澳洲幸运5官方开奖结果体彩网:Mrinalini Krishna
Mrinalini Krishna
澳洲幸运5官方开奖结果体彩网:Full Bio
Mrinalini Krishna is the Senior Editor of investing news at Investopedia. She's been a journalist for more than 10 years covering business, personal finance, and investing news.
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Published February 01, 2024
04:59 PM EST
Apple's 2022 Annual Fall Event

BRITTANY HOSEA-SMALL / Contributor / Getty Images

Key Takeaways

  • Apple's first quarter fiscal year 2024 earnings and revenue beat analyst expectations.
  • Net income grew to $33.92 billion, or $2.18 per diluted share.
  • Revenue rose 2% to $119.58 billion.
  • While iPhone sales and services revenue rose, there was a slowdown in sales from the Greater China region.

Apple Inc.'s (AAPL) first-quarter fiscal 2024 earnings and revenue exceeded analys𒁃t expectations. The company's shares slipped roughly 2% in after-hours trading as China slowdown concerns deepened.

Net income grew double-digits to $33.92 billion, or $2.18 per diluted share. 澳洲幸运5官方开奖结果体彩网:Analyst had projected net income of $32.56 billion or $2.09 per diluted share.

The tech giant's revenue rose 2% to a better-than-expected $119.58 billion, driven by record services revenue and a near 6% iPhone sales growth. However, the company saw a roughly 13% decline in sales in the Greater China region, even as revenue ticked up for all other geographies.

Q1 FY2024 Analyst Estimates for Q1 FY2024 Q1 FY2023 Year-over-year% change
Revenue $119.58 billion $117.97 billion $117.15 billion 2%
(Diluted) Earnings Per Share $2.18 $2.09 $1.88 15.9%
Net Income $33.92 billion $32.56 billion $30 billion 13%
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