Apple will announce its first quarter financial report. Investors: Pay more attention to iPhone sales in China

iPhone 15 Pro
Technology News, Beijing time, February 1, it is reported that Apple will announce its first quarter 2024 financial report on Thursday evening. Investors want to know more about the sales performance of iPhone in China. They are worried about iPhone 15 Not doing well in China.
Tianfeng International Securities analyst Ming-Chi Kuo had previously predicted that iPhone shipments would drop by 15%, which had an impact on Apple’s stock price. Apple’s stock price fell by 3.5% last month.
Wall Street expects Apple to earn $2.11 per share on revenue of $117.9 billion for the quarter, which would be an increase from last year (when Apple reported $1.88 per share on revenue of $117.2 billion, according to estimates compiled by Bloomberg Dollar).
It is reported that the Chinese market is the third largest sales region after North America and Europe. Analysts say that the Huawei brand in the Chinese market is currently recovering, and it is a strong opponent of Apple. Since Huawei also launched new products last year, it has begun to regain its momentum in the smartphone market, which has undoubtedly intensified competition for Apple.
But according to estimates, Apple’s financial report seems to have slightly increased compared to the same period last year. The company's iPhone revenue is expected to reach $68.6 billion, which would be an increase from the $65.78 billion Apple reported in the same period last year. Apple's Mac revenue also appears to be recovering slightly, with analysts expecting sales of $7.9 billion in the quarter, compared with $7.7 billion in the same period last year.
The actual situation still needs to wait for the official announcement of Apple’s first quarter financial report. (Author/Yin Mingshun)

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