{"id":22579,"date":"2025-05-01T21:19:15","date_gmt":"2025-05-01T21:19:15","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/apple-tops-wall-street-expectations-with-24-78-billion-profit\/"},"modified":"2025-05-01T21:19:15","modified_gmt":"2025-05-01T21:19:15","slug":"apple-tops-wall-street-expectations-with-24-78-billion-profit","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/apple-tops-wall-street-expectations-with-24-78-billion-profit\/","title":{"rendered":"Apple Tops Wall Street Expectations With $24.78 Billion Profit"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Apple built its business by innovating. But lately, it\u2019s been leaning on diplomacy.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Tim Cook, Apple\u2019s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">A new, lower-priced iPhone, which the company introduced in February, and strong sales of apps and services helped the company make <strong class=\"css-8qgvsz ebyp5n10\">$<\/strong>24.78 billion in quarterly profit, a 4.8 percent increase from a year ago, Apple said on Thursday. The company\u2019s sales rose<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>5 percent to $95.36 billion.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The results exceeded<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>Wall Street analysts\u2019 expectations for $24.37 billion in profit and $94.35 billion in sales.<span class=\"css-8l6xbc evw5hdy0\">  <\/span>Shares fell more than 2 percent in after-hours trading.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Apple\u2019s steady performance came amid turbulence. In just a few months, the company has had to navigate internal and external obstacles, including the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/11\/technology\/apple-issues-trump-tariffs.html\" title=\"\">failures of its much anticipated artificial intelligence system<\/a> and the challenges of the Trump administration\u2019s punishing tariffs on products made abroad.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Last month, shares of Apple plummeted after President Trump imposed tariffs of 145 percent on exports from China, where Apple makes 80 percent of the iPhones it sells, as well as tariffs on other countries that make iPads and Macs like Vietnam. The tariffs erased about $770 billion of the company\u2019s market value in four days.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Wall Street analysts predicted Apple would have to increase iPhone prices to $1,600, from $1,000. Some customers raced to buy iPhones before prices went up, helping lift sales.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But three months after personally donating $1 million to Mr. Trump\u2019s inauguration, Mr. Cook pressed the White House to relax its tariffs and persuaded the Trump administration to temporarily relent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Thursday, Apple said sales of iPhones, its most important business, rose 2 percent to $46.84<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>billion over the quarter. The company increased iPhone sales by more than 10 percent in Japan, India and the Middle East, helping it claim the largest share of smartphone sales in the world over a three-month span, according to Counterpoint Research, a market research firm.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The company continues to struggle in China, where it reported its sixth quarter of sales declines. Total revenue from the region was $16 billion in the quarter, down 2 percent from a year ago.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cEverything is OK for right now because no prices have been raised,\u201d said Ben Bajarin, principal analyst at Creative Strategies, a tech research firm. \u201cThe question is: If more tariffs hit, then what happens?\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The company\u2019s services business, which includes sales from apps, Apple Music and Apple Pay, outshined its devices. Apple reported revenue for the business of $26.65<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>billion, an 11.6<strong class=\"css-8qgvsz ebyp5n10\"> <\/strong>percent increase from last year.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But the future of Apple\u2019s services business is uncertain. In an antitrust case on Wednesday, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/30\/technology\/apple-epic-app-store-ruling.html\" title=\"\">a federal judge rebuked<\/a> the company for its business practices and ruled it can\u2019t collect a commission of 27 percent on app sales made outside the App Store. Her order allows apps to cut Apple out of their business, muffling one of the company\u2019s most important sources of revenue.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a separate antitrust case, Apple could lose $20 billion in services revenue that Google pays to be the automatic search engine on iPhone web browsers. A federal judge ruled last year that Google had broken the law to maintain a search monopoly. This month, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/21\/technology\/google-search-antitrust-hearing-breakup.html\" title=\"\">he convened a hearing<\/a> to address its illegal behavior, including remedies that could include restrictions on Google\u2019s payments to Apple.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The company\u2019s device business also faces questions. Last year, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/10\/technology\/apple-intelligence-openai.html\" title=\"\">Apple revealed a generative A.I.<\/a> system capable of improving emails, summarizing notifications and upgrading its virtual assistant, Siri. It promoted the system, which it called Apple Intelligence, as a major reason to buy a new iPhone. But in March, the company pulled its advertisements promoting the features and said some would be delayed until this fall.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/05\/01\/technology\/apple-earnings-profit.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple built its business by innovating. But lately, it\u2019s been leaning on diplomacy. Tim Cook, Apple\u2019s chief executive, recently scored<\/p>\n","protected":false},"author":1,"featured_media":22580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[1076,213,349,304,123,482,239,135,1263,124,134,1081],"class_list":["post-22579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple-inc","tag-artificial-intelligence","tag-china","tag-company-reports","tag-computers-and-the-internet","tag-cook","tag-customs-tariff","tag-fees-and-rates","tag-iphone","tag-mobile-applications","tag-prices-fares","tag-timothy-d"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Tops Wall Street Expectations With $24.78 Billion Profit - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/apple-tops-wall-street-expectations-with-24-78-billion-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Tops Wall Street Expectations With $24.78 Billion Profit - World News\" \/>\n<meta property=\"og:description\" content=\"Apple built its business by innovating. 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