{"id":55762,"date":"2024-08-01T22:06:13","date_gmt":"2024-08-01T22:06:13","guid":{"rendered":"https:\/\/ushopwell.com\/ublog\/apple-reports-record-revenues-despite-stagnant-iphone-sales\/"},"modified":"2024-08-01T22:06:13","modified_gmt":"2024-08-01T22:06:13","slug":"apple-reports-record-revenues-despite-stagnant-iphone-sales","status":"publish","type":"post","link":"https:\/\/ushopwell.com\/ublog\/apple-reports-record-revenues-despite-stagnant-iphone-sales\/","title":{"rendered":"Apple reports record revenues despite stagnant iPhone sales"},"content":{"rendered":"
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\n \"Apple<\/p>\n

Enlarge<\/a> \/<\/span> Apple CEO Tim Cook. (credit: Lionel Hahn\/Getty Images)<\/p>\n<\/figure>\n

<\/a><\/div>\n

Apple reported its earnings results<\/a> for the third quarter of the 2024 fiscal year, and it satisfied investors’ expectations at the top level with 5 percent growth year over year. The company set a third-quarter record with $85.8 billion in revenue.<\/p>\n

Despite that growth, a couple of key things investors were concerned about\u2014overall iPhone sales and revenue in China\u2014slipped downward, and Apple’s stock fell slightly in after-hours trading.<\/p>\n

Revenue in China fell to $14.7 billion, down 6.3 percent from a year ago, as Apple faces fierce competition from Huawei and other smartphone companies. CEO Tim Cook said on the investor call that iPhone models are still the top sellers “in urban China.”<\/p>\n<\/div>\n

Read 9 remaining paragraphs<\/a> | Comments<\/a><\/p>\n<\/div>\n

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Enlarge \/ Apple CEO Tim Cook. (credit: Lionel Hahn\/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year, and it satisfied investors’ expectations at the top level with 5 percent growth year over year. The company set a third-quarter record with $85.8 billion in revenue. Despite that growth, a couple of key things investors were concerned about\u2014overall iPhone sales and revenue in China\u2014slipped downward,…<\/p>\n","protected":false},"author":1,"featured_media":55763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[],"class_list":["post-55762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"yoast_head":"\nApple reports record revenues despite stagnant iPhone sales - UshopWell.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ushopwell.com\/ublog\/apple-reports-record-revenues-despite-stagnant-iphone-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple reports record revenues despite stagnant iPhone sales - UshopWell.com\" \/>\n<meta property=\"og:description\" content=\"Enlarge \/ Apple CEO Tim Cook. (credit: Lionel Hahn\/Getty Images) Apple reported its earnings results for the third quarter of the 2024 fiscal year, and it satisfied investors’ expectations at the top level with 5 percent growth year over year. The company set a third-quarter record with $85.8 billion in revenue. 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