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The Guardian - US
The Guardian - US
Technology
Johana Bhuiyan

Apple reports robust demand for iPhone 16 even as overall sales in China slow

Apple Tim Cook China
people taking photos of phones on display
Attendees take a closer look at Apple’s iPhone 16 during an announcement of new products at Apple headquarters in Cupertino, California, on 9 September 2024. Photograph: Juliana Yamada/AP

Apple reported strong demand for the iPhone 16 in its quarterly earnings report on Thursday, though overall sales in China slightly decreased year-over-year. The company reported $94.9bn in revenue, up 6% year-over-year, and $1.64 in earnings per share (EPS). The company’s earnings slightly beat Wall Street projections of $94.4bn in sales and an EPS of $1.60.

The company saw $46.2bn in revenue from iPhone sales, up from $43.8bn year-over-year. Fourth-quarter revenue from its services division, which include subscriptions, increased from $22.31bn to $24.97bn year-over-year.

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