Apple's Chinese Supplier Stocks Rise on Strong iPhone Demand

Apple's Chinese smartphone-component suppliers broadly advanced in Friday trading after the U.S. company said iPhone demand in China was strong, despite overall sales declining for that market.

Apple on Thursday reported results for the fourth quarter ended Sept. 30, with sales coming in at $89.50 billion. Revenue from iPhones was $43.81 billion, compared with $42.63 billion in the year-earlier period. Apple's overall sales in China fell 2.5% from a year earlier, but Chief Executive Tim Cook blamed that decline on poor MacBook and iPad sales.

Softer MacBook and iPad sales in China mask the underlying growth that analysts are truly focused on, which is robust iPhone demand in the country, Wedbush analysts said in a research note.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Japanese stocks rise for third session as Hong Kong stocks gainSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stocks making the biggest moves after hours: Apple, Live Nation, Insulet, Paramount Global, Expedia and moreThese are the stocks posting the largest moves in extended trading.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »