10 sources·Business

Apple Reports Q4 Earnings Amidst Tax Charge and AI Prospects

Apple's earnings report reveals a rise in iPhone sales despite a significant tax charge, impacting stock performance but highlighting AI advancements.

The distribution of story sources: left-leaning (blue), center (light gray), and right-leaning (red).
Reliable
The underlying sources consistently report facts with minimal bias, demonstrating high-quality journalism and accuracy.
Balanced
The underlying sources are either a balanced mix of left and right or primarily centrist.
Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $3/month or $30/year, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

No highlights available for this story.

Updated: Nov 1st, 2024, 5:22 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

Apple's Q4 earnings indicate a 6% rise in iPhone sales, attributed to new AI features, despite a $10.2 billion tax charge affecting profits. Revenue reached $94.93 billion, surpassing forecasts as services revenue grew. CEO Tim Cook noted upcoming AI features aiming to enhance user upgrades, while competition in China remains a challenge. Meanwhile, Amazon recently reported strong earnings driven by cloud computing growth, highlighting the tech landscape's competitive nature.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

No center-leaning sources available for this story.

History

A summary of how this story has evolved over the last 24 hours.
  • 6M
  • 6M