On Friday, apple (AAPL.US) opened low and closed high, as of the time of writing, it still fell by nearly 1% against the trend, trading at $224.46.
It is reported by Jrj financial news app that on Friday, apple (AAPL.US) opened low and closed high. As of the time of writing, it still fell by nearly 1%, trading at $224.46. In terms of news, Apple announced its performance for the fourth quarter. Total revenue increased by 6.1% year-on-year to $94.9 billion, slightly higher than the average expected $94.4 billion. Apple stated that the eps was $0.97, but if one-time charges related to the European General Court judgment are excluded, the adjusted eps should be $1.64, higher than the analyst's expected $1.60. The gross margin, which is closely watched, was 46.2%, slightly higher than the expected 46.1%.
Apple's enhanced artificial intelligence version of the iPhone started off well, with quarterly sales exceeding Wall Street's expectations. However, a modest revenue forecast as Apple enters the most critical sales period of the year has raised doubts about whether this momentum can be sustained during the holiday sales season. Moreover, the decline in China's fourth quarter sales has also raised concerns among some analysts and investors. In the quarterly earnings report, Apple stated that total sales by December will grow by low to mid single-digit percentages, lower than analysts' previous estimate of 7%. The company's revenue in China also declined last quarter, below expectations.