Apple's Mixed Aftermarket Trade with Record Sales and China Downside

3 months ago

Carol Masser

"Let's go to Apple, which has had an interesting aftermarket trade today. Stock gains are now about 4%, a little bit over percent. Record sales, that's where the optimism comes. There are some good projections for the December quarter and everyone is rushing to buy the iPhone 17. That definitely is helping. However, fourth quarter revenue in China fell; revenue from greater China fell about 4% to 14.5 billion, which is less than what analysts expected."

The speaker notes that Apple experienced a modest aftermarket gain due to strong record sales and positive forecasts driven by iPhone 17 demand, though concerns linger due to a revenue decline in China. This mixed sentiment underscores both upside catalysts and risks.

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