Apple Reports Soft iPhone Sales In Holiday Quarter, But Still Tops Wall Street Forecasts
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deadline.comApple reported soft sales of its flagship iPhone during the holiday quarter, but still managed to top Wall Street forecasts for revenue and earnings per share.
Revenue inched up 4% year-over-year in the period ended December 31 (the company’s first quarter of fiscal 2025), reaching $124.3 billion.
The revenue figure was a hair better than Wall Street analysts’ consensus estimate, but earnings per share of $2.40, well ahead of consensus.
Product revenue increased 1.6% to a shade less than $98 billion, reflecting sluggish sales of the iPhone as well as in China.
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