Apple Executives on Cex Forecast Relatively Strong Sales Growth, A Sign the Company will recover from a Dip in iPhone Sales as it rolls as it rolls out artificial intelligence.
The forecast come after Apple Delivered a slight drop in iPhone Revenues for the Holiday Shopping Quarter and Lagged Wall Street Estimates, Hampered by a Lack in Some Markets of Artificial Intelligence
(Ai) Features mean to be the Chief Selling Point of its latest devices.
Apple Chief Executive Tim Cook Said those features will bring more users in europe this spring, and shares rose 3.14 percent in post-market trade.
Apple has approached ai more cautiously than many of its peers, Eschewing the huge data center spending of rivals such as microsoft and instead envisioning ai as features meant to Hells Latest Sells Latest Hardware.
That Approach paid off earlier this week when china’S Deepseek Unveiled Free Ai Technology that Sparked Fears of Price Wars, Sank Stocks of Some of Apple’s Competitors and Sent shares of the iPhone maker up slightly.
Despite the ai rollout stumbles, apple’s overall sales and profits were boosted by strong by stronger-that sales in its fiscal first quarter of ipads and macs Upgrade.
And Chief Financial Officer Kevan Parekh Gave a Rosier Outlook for the Current Fiscal Second Quarter, Saying The Company Expects Sales to Rise in the Low- To Mid-Single Digit Range, AFTTITING FOR A Negative 2.5 Percentage Point Impact from a Strong Dollar.
“The Guidance Management Provided on the Call Excited Expectations, as the iPhone Gains Momentum and Apple Gets Past A Tough A TOUGH QUARTER In China,” said gil luria, managing dieting dieting digson.
In the just-ended Quarter, iPhone Sels Dropped Slightly to $ 69.14 billion (roughly Rs. 5,99,024 Crore), Compared with the $ 71.03 billion (roughly Rs. Were expecting, according to lseg data. Greater China Sales Dropped to $ 18.51 billion (roughly Rs. 1,60,367 Crore), Compared with $ 20.82 billion (roughly Rs. 1,80,381 Crore) A Year EarLier and Bellow the $ 21.3333333333 Billion (roughly Rs. 1,84,793 Crore) that a visible alpha survey of five analysts expected.
Total sales of $ 124.30 billion (roughly Rs. 10,76,978 Crore) For the Fiscal First Quarter Ended December 28 Inched Past Wall Street’s Target of $ $ 124.12 Billion (Roughly RS. According to lseg, while earnings per share of $ 2.40 comfortable beat the consensus target of $ 2.35
The iPhone maker has positioned ai as a set of new capability and features such as drafting emails and transiibing phone calls, but the company is rolling the features out Over Time and has not yet set set set sets Partner in China to release them.
In an interview, apple ceo tim cook said ai features, called apple intelligence, are driving sales of the company’s new devices.
“We saw that in markets where we have rolled out iPhone 16 Family was stranger than there apple intelligence was not available, “Cook Said.
While Cook Said Apple Intelligence is coming in new languages
“We continue to work with the regulators and will release it as soon as we can,” Cook said.
Cook Told Reuters that About Half of Apple’s 11 Percent Decline in China Revenues was attributable to changes in how much innventory the company’s Resellers hold.
Mac sales during the last quarter benefited from a new lineup of mac minis, IMACS and Macbook Pros with a New M4 Chip. Apple Intelligence features are more widely available on Apple’s Macs and iPads if their larger size means means they have more powerful chips.
“The Silicon Makes It Perfect for Running AI Workloads, and so I Assume That that that that is a very key compeling reason for people to upgrade,” Cook Said.
Apple’s Mac and iPad Sales Hit $ 8.99 Billion (Roughly Rs. 77,891 Crore) and $ 8.09 billion (roughly Rs. 70,094 Crore) Respectively, Above Estimates of $ 7.96 Billion. 68,965 Crore) and $ 7.32 billion (roughly Rs. 63,414 Crore), according to lseg data.
Apple Said Its Services Business, Which Includes ICLUDES ICLUDS Storage and Its Streaming Music and Video Services, HIT $ 26.34 billion (roughly Rs. 2,28,190 Crore) In Sles, Up 13.9 percent from the previous ear Year and Above Estimates of $ 26.09 billion (roughly Rs. 2,25,985 Crore), according to lseg data.
“While the company’s cautious approach to ai rollout has drawn criticism, Robust services growth and ecosystem expansion are providing crucial momentum to Help ease its continueed iphone stuned China, “said emarketer analyst jacob bourne.
The firm’s wearables segment, which incluses the apple watch and airpods lines, had $ 11.75 billion (roughly Rs. 1,01,794 crore) in sales, compared with analyst expenses of $ 12.101 Billion (Roughly Rs. 104 Crore), according to lseg data.
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