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Apple quarterly revenue increases, even as China sales decline 11%
Apple's latest earnings were a mixed bag filled with slipping iPhone sales and countered by rising revenue. Reporting after the bell Thursday, the iPhone
Reporting after the bell Thursday, the iPhone maker’s overall revenue in the first quarter of 2025 beat Wall Street expectations, with a 4% bump to $124.3 billion over the same time last year. The world’s largest smartphone market has proven increasingly difficult for the company, owing to more intense competition from domestic manufacturers, including Oppo and Vivo. In a conversation with CNBC, CEO Tim Cook placed some of the blame at the feet of Apple Intelligence — which isn’t currently available in China — along with several other key markets.
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