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Apple s China sales lag overshadows quarterly profit, revenue results

The 2 per cent rise in overall fiscal first-quarter sales for the company ended four straight quarters of sales declines on the strength of its iPhone 15 lineup

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Apple China sales lag overshadows quarterly profit, revenue beats

Apple China sales lag overshadows quarterly profit, revenue beats
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Apple quarterly profit, revenue top Wall Street targets but China lags

Apple released its first quarter financial results on Thursday, saying it generated $119.6 billion in revenue and $33.92 billion in net income.

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Apple quarterly profit, revenue top Wall Street targets but China lags

(Reuters) -Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3% in after-hours trade. "China is the most competitive smartphone market in the world, and that hasn't changed," Apple CEO Tim Cook told Reuters in an interview.

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Qualcomm: Underappreciated GARP, Reiterating Buy (NASDAQ:QCOM)

Qualcomm: Underappreciated GARP, Reiterating Buy (NASDAQ:QCOM)
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