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Apple’s revenue to rise 5.7% with strong iPhone, iPad sales
Apple is expected to report a significant increase in revenue in its upcoming quarterly earnings, driven by strong demand for the iPhone 16 series, particularly in China.
Analysts forecast a 5.7% rise in overall revenue for the fourth quarter. A projected 3.8% increase in iPhone sales would end a two-quarter decline.
The tech company will release its financial results on Thursday, revealing the new iPhone’s performance since its launch.
Analysts will focus on executive comments about Apple’s first fiscal quarter. They are concerned that the slow deployment of new Apple Intelligence features might affect anticipated AI-led growth.
Apple has started a limited rollout of Apple Intelligence in the United States, but these features are not yet available in significant markets like Europe and China.
Despite competitive pressure, Apple is likely to report a 6.6% revenue increase from Greater China.
iPad sales are expected to rise by 10.1% to US$7.09 billion, continuing a previous upward trend.
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