Apple results are the highest estimates even with iPhone sales booth

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Apple has unveiled the quarterly results that exceeded Wall Street’s expectations slightly, but iPhone sales were flat in the previous year as the company fights the increasing competition from local appliances in China.

On Thursday, the company informed revenues of $ 124.3 billion for the quarter of December, overcoming the estimates of analysts in the Bloomberg survey of $ 124.1 billion and an increase of 4 percent over the same period in the previous year. The iPhone sales were 69.1 billion dollars, and almost flat on an annual basis.

It represents the full first quarter since Apple “Apple Intelligence”, a set of AI features that include partnership with Openai.

Apple’s financial director Kevan Barrick told the Financial Times that the company “is incredibly optimistic about the deep influence of Amnesty International.”

He said that the performance of the iPhan 16, which supports artificial intelligence, was stronger than the markets where Apple Intelligence was not available, indicating that Apple Intelligence has aroused consumer attention.

Barrick went up to the role this year, and took the position of Luca Maestri, who was in a position for a decade.

China’s revenues, as the company was subjected to increasing competitive pressure from local smart phone makers such as Huawei and Xiaomi, $ 18.5 billion, a decrease of about 11 percent.

Apple’s Services, which includes the iCloud and Apple Pay, has achieved standard high, as it has recorded revenues of $ 26.3 billion. The iPad and MacBook products also have two numbers.

Apple’s net net income was 36.3 billion dollars, the above, estimates of $ 35.5 billion. Lowering profits of the share amounted to $ 2.40, also over Wall Street’s expectations.

The results come with the growth of concerns about the impact of the new US tariff system during the era of President Donald Trump, who promised this week a tariff on the Taiwanese semiconductor manufacturers. The Apple supply chain relies heavily on exporters in Asia.

Barrick refused to comment on the risks of a possible tariff, saying that the company “is closely monitoring the situation.”