Despite this impressive Apple earnings increase, the iPhone maker still records a slight drop in the yearly Apple revenue, a fact that can potentially confirm that the advanced Apple Intelligence does not encourage users to buy the latest iPhone models. But to disperse this idea, CEO Tim Cook stated that Apple Intelligence with its features is planned to be officially released in Europe in 2025 Spring when the shares are expected to record an increase of 3.14% in post-market trade.
“During the December quarter, we saw that in markets where we had rolled out Apple intelligence, that the year-over-year performance on the iPhone 16 family was stronger than those markets where we had not rolled out Apple intelligence,”, Tim Cook also declared.
This growth took place despite missing iPhone sales estimates when the company recorded an 11.1% decline in China which reduced Apple revenue to $18.51 billion. This was one of the hardest drops in the region since the same period last year when Apple reported a 13% decline.
Apple reported total sales of $124.30 billion for the fiscal quarter that ended on December 28, a number that exceeded the Wall Street expectation of $124.12 billion. On the other hand, Apple's earnings per share also recorded a high number of $2.40 compared to the estimated $2.35.
"We saw that in markets where we have rolled out Apple Intelligence, the year-over-year performance on the iPhone 16 family was stronger than those where Apple Intelligence was not available. We continue to work with the regulators and will release it as soon as we can,", the Apple CEO said.
It should be mentioned that the Apple revenue for both MacBook and iPad grew by 15% for this quarter due to the recent launch of the iPad mini and other Mac products such as iMac, Mac Mini, and MacBook Pro. Also, Apple services such as Apple TV+, Apple Music, and iCloud recorded a 14% increase in Q1.
.webp)
.webp)
