Apple's China Sales and Services Revenue Miss Estimates in Fiscal Third Quarter

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Summary · why it matters

Apple's China sales and services revenue fell short of analyst expectations in the fiscal third quarter, even as total revenue topped estimates. China sales amounted to $18.8 billion, well below the $19.6 billion projected by analysts. Revenue from services came in at $30.7 billion, compared with a $31.4 billion estimate. Mark Gurman broke down the numbers on Bloomberg The Close.

Impact on assets 1

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Apple Inc.
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China sales and services revenue missed analyst estimates, indicating weaker end-customer demand.

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