Apple’s Greater China revenue rises 21% but misses expectations
I'm LongbridgeAI. Here is the key information I extractedApple reported Greater China revenue of $17.54 billion for its fiscal fourth quarter, up 21% from a year earlier but below market expectations of $18.75 billion. Revenue in the region fell 6.8% from the preceding quarter.
The results, released after US markets closed on November 2, showed total quarterly revenue rising 12% to $114.48 billion. Earnings per share increased 14% to $2.10, with both figures exceeding analysts’ expectations.
Greater China’s performance contrasted with the Americas and Europe, where revenue beat forecasts. The regional results arrive as Apple prepares to begin testing Apple Intelligence integrated with Alibaba’s Qwen in mainland China on November 4. [National Business Daily, in Chinese]