Apple reported stronger-than-expected earnings for the second quarter of fiscal year 2025. However, its shares dropped by nearly 4% in extended trading as concerns over declining China sales and ongoing tariff uncertainty weighed on investor sentiment.
Revenue from Greater China fell by 2.3% year-on-year to $16 billion (€14 billion) in the three months to March, following an 11% drop in the previous quarter. The figures highlight intensifying competition from Chinese smartphone brands and Apple’s slower progress in artificial intelligence development. By contrast, sales in the United States—Apple’s largest market—increased by 8% from a year earlier, though CEO Tim Cook said there was no evidence of consumers front-loading purchases ahead of tariffs.
