Yahoo Finance
January 30, 2025 at 09:45 PM
Apple reported its fiscal first quarter earnings after the bell on Thursday, beating expectations on the top and bottom lines but falling short on iPhone revenue. Sales out of the company's Greater China region were also lower than Wall Street anticipated in the quarter.
The report comes after Jefferies and Loop Capital downgraded Apple’s stock last week on fears of sluggish iPhone sales. Oppenheimer also downgraded shares on Wednesday, citing slower iPhone growth. https://finance.yahoo.com/news/apple-earnings-top-wall-street-forecasts-while-iphone-china-sales-fall-short-213001552.html
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