In This Article:
Apple (NASDAQ:AAPL) shares edged lower after reporting fiscal Q1 2025 earnings, revealing weaker sales in China despite record-high revenue from its Services segment.
The company posted earnings per share of $2.40, beating the $2.35 analyst consensus. Revenue reached $124.3 billion, slightly missing the $124.03 billion estimate. China remained a weak spot, with revenue falling 11% to $18.51 billion, well below the $21.57 billion forecast.
iPhone sales dropped 1% year-over-year, bringing in $69.14 billion, missing the $71.04 billion estimate. Meanwhile, Mac ($8.99 billion) and iPad ($8.09 billion) revenue exceeded expectations. With Apple recently reclaiming the largest market cap title from Nvidia (NASDAQ:NVDA), investors now await guidance to gauge the company's growth outlook. It is important to note that AAPL stock is up over 26% in the past year, and over 8% in the past six months at the time of writing.
This article first appeared on GuruFocus.