Apple AAPL Earnings Summary Report

Apple AAPL Earnings Summary Report
Apple has announced its earnings results. Contrary to concerns that the Chinese market is going into a recession, many negative factors will occur, and that it will be greatly adjusted, it came out better than expected
Q1 FY24
EPS of $2.18 (estimated earnings of $2.10) above
Revenue of $119.58B (expected to exceed $118.06B)
Most of them are above expectations, acting as a defensive player
Compared to the same period last year
- +2% increase in total sales
- +12% increase in operating profit
- With an operating margin of 34%, this time it seems to have proved that the business is steadily doing well even in a really difficult environment.

Thanks to the iPhone's sales growth, it has made more than $40B in operating profit in nearly two years. This is historically considered a huge achievement, and if the Chinese market improves quickly, it is expected to show a big rise again.

Asia's biggest change in regional sales. Japan up +15%, while sales in Greater China down -13%

It's just every time you spend $20B on buying back your own shares