Apple posts stronger-than-expected revenue in first earnings report for new CEO John Ternus
Apple reported solid third-quarter results exceeding analyst expectations, providing new CEO John Ternus a positive start following his September appointment. The company's $30.71bn revenue bucked a downward earnings trend affecting other tech giants like Alphabet, Amazon and Intel. Analysts attribute Apple's resilience to record iPhone revenue and strong growth in China, contrasting with investor concerns about AI-driven spending by Apple's competitors.
Key points
- Apple revenue of $30.71bn beat analyst expectations
- Results outperform recent earnings declines at Alphabet, Amazon and Intel
- Record iPhone revenue and China growth drove performance
- Resilience contrasts with tech sector's AI investment uncertainty
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Guardian Technology did the reporting; read the original for the full story.
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