Apple earnings: China is a big concern, analyst says

Apple's (AAPL) first-quarter earnings results flew past Wall Street estimates, posting over $119.5 billion in revenue and adjusted earnings per share of $2.18. Although beat overall earnings estimates, net sales across Apple's categories and devices fell below expectations, particularly in its services and performance in China.
Manhattan Venture Partners Head of Research Santosh Rao addresses Apple's sales miss, touching upon which areas could be a cause for concern and how Apple will proceed in generative AI investments.
"They have the resources... intelligence to do a lot of stuff, but they need to execute, they need to show the numbers. And at this point we need to know, China, AI, and the whole services, why did that drop also?" Rao ponders.
#youtube #Apple #China
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance