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Apple Q3 2024 Earnings Surpass Expectations Amid iPhone Sales Decline

Apple Q3 2024 Earnings Surpass Expectations Amid iPhone Sales Decline

Apple's Q3 2024 earnings exceeded expectations. Revenue reached $85.78 billion, a 4.9% increase from the previous year. iPhone sales declined by 0.9% to $39.30 billion, less than anticipated. Sales in China fell by 6.5% to $14.73 billion, a worse decline than forecasted. Apple's emphasis on AI features, announced at WWDC, is expected to enhance future sales. These features, integrated with Siri, will debut on the iPhone 15 Pro models. Analysts are closely monitoring the impact of AI on upcoming sales.

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