Live Updates > Live Update Details
2025-08-01 22:38:17
iPhone Sales Far Exceed Expectations, But Apple Still Faces Multiple Challenges: Analysts point to a 13.5% surge in iPhone sales in the quarter, far exceeding market expectations, driven by a rush to buy ahead of potential US tariff increases, subsidies in China, and the strong sales of the affordable 16e model released in February. This performance contributed to a 10% year-over-year increase in Apple's total revenue for the April-June period (better than expected), and the company's revenue guidance for the quarter ending September also exceeded expectations. However, this performance comes at a time when the company, long considered one of the safest tech stocks, faces multiple challenges: in addition to the threat of tariffs on its manufacturing bases in China and India, Apple is making slow progress in AI technology, a field on which competitors are betting.
