Apple Inc. enjoyed a sharp rebound in China during the holiday period, when demand for the new iPhone 17 fueled its first $25 billion quarter in the region since the end of 2021.
The company generated sales of $25.5 billion from its greater China segment during a three-month span that ended Dec. 27. The revenue soared 38%, smashing Wall Street’s average estimate of $21.8 billion and far outpacing total sales growth. Dan Ives, Global Head of Technology Research at Wedbush Securities joins to discuss on Bloomberg Intelligence.
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The company generated sales of $25.5 billion from its greater China segment during a three-month span that ended Dec. 27. The revenue soared 38%, smashing Wall Street’s average estimate of $21.8 billion and far outpacing total sales growth. Dan Ives, Global Head of Technology Research at Wedbush Securities joins to discuss on Bloomberg Intelligence.
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Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
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Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
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Android Auto: https://bit.ly/49benZy
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