Summary by Moomoo AI
Apple Inc. reported a mixed financial performance in its latest quarterly results. For the three months ended March 30, 2024, total net sales saw a decrease of 4% to $90.753 billion compared to $94.836 billion in the same period the previous year. Operating income for the quarter was $27.9 billion, a slight decrease from $28.318 billion year-on-year. Segment-wise, the Americas remained relatively flat, while Europe showed a modest increase. However, Greater China, Japan, and the Rest of Asia Pacific experienced declines in net sales. Product category performance varied, with iPhone sales down 10% and iPad sales down 17%, while Mac sales increased by 4%. Services continued to be a growth area, with a 14% increase in net sales. Gross margin percentage improved to 46.6% from 44.3% in the previous year...Show More