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Apple Results: Summary


Apple has released results and guidance that exceeded market expectations, despite disappointing performance in China. In after-hours trading, the stock rose by 3.01%.

Key Figures Against Consensus (Bloomberg):
- Sales:$124.3 billion (+4% YoY), compared to the expected $124.1 billion.
- EBIT:$42.832 billion, against an anticipated $42.429 billion.
- Net Income:$36.330 billion (+7%), surpassing the expected $35.500 billion.

Regarding its performance in China, the company reported sales of $18.513 billion, reflecting an 11% YoY decline and falling short of expectations, which were set at $21.567 billion. For the next quarter, Apple anticipates mid/low single-digit growth, slightly above expectations.

Opinion on Apple’s Results:
Despite the disappointment with figures from China, we view Apple's overall results positively. The company has met expectations and is making progress in its mixed-revenue business model, where the services segment is increasingly gaining importance compared to its product sales. In the medium term, we maintain an optimistic outlook on the company's future.

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