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Bloomberg
Financial

Apple Sales Meet Estimates, China Is a Weak Spot

Apple posted September quarter revenue that narrowly topped analysts' estimates, even as sales in the key Chinese market fell short of projections. Revenue rose 12% to $114.5 billion during the fiscal fourth quarter, which ended Sept. 26, the company said in a statement. Analysts had estimated $113.5 billion on average, according to data compiled by Bloomberg. The quarterly report the first under new Chief Executive Officer John Ternus  offered a mixed picture to investors. Sales growth decelerated from a 16% clip in the June quarter, and results from Apple's iPad and wearables businesses were particularly weak. But the iPhone, the company's biggest moneymaker, remained strong. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, joins to discuss the results. He speaks with Carol Massar and Tim Stenovec.

Leia mais: Apple Sales Meet Estimates, China Is a Weak Spot
Bloomberg
Financial

Apple Looks Very Smart in Modest AI Spend: Tom Forte

Tom Forte of Maxim Group says he is especially interested in commentary on the December quarter, when the latest iPhone models will have had more time to affect sales. He said initial demand for the new iPhone duo appears strong and pointed to pent-up interest in a foldable iPhone after a long wait. He speaks with Kailey Leinz & Ed Ludlow on "The Close."

Leia mais: Apple Looks Very Smart in Modest AI Spend: Tom Forte
Bloomberg
Financial

iPhone Duo Sales To Hit 7M in 2026, Predicts IDC Sr. Director

IDC Senior Director of Data & Analytics Nabila Popal says Apple's iPhone results beating analyst expectations were not surprising. IDC's preliminary shipment data showed iPhones outperforming a smartphone market that had suffered a historic 21% decline in calendar Q3, while Apple's shipments fell only 4%. She speaks with Kailey Leinz & Ed Ludlow on "The Close."

Leia mais: iPhone Duo Sales To Hit 7M in 2026, Predicts IDC Sr. Director
Bloomberg
Financial

Detroit Future City CEO: Unemployment Is Down in Detroit

Anika Goss, CEO of Detroit Future City, says the city has seen a recent population increase, driven largely by new immigrants, but is not growing as quickly or broadly as desired. Downtown investment and visible revitalization have emerged mainly over the past five to ten years, after decades of decline, and have not yet spread to communities at the pace residents would like. She speaks with Romaine Bostick on "The Close."

Leia mais: Detroit Future City CEO: Unemployment Is Down in Detroit