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Stockreport

Tim Cook gets real about China [Business Insider]

Apple Inc. (AAPL)  More Company Research Source: Business Insider
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Still, CEO Tim Cook believes there's still "work to do" in bolstering sales to its major market. "I think it has been and is the most competitive market in the world," Cook said regarding China. Apple CEO Tim Cook says there's still more work to do on the China front. Apple reported in its second-quarter earnings that the company saw better-than-expected sales in China, a major market, which has been a source of concern for investors worried about a slowdown. While overall iPhone sales were down 10% year-over-year, CEO Cook noted that Apple "still saw some growth" on iPhone in China, specifying that "two best-selling smartphones in urban China" are the iPhone 15 and iPhone 15 Pro Max. That growth may come as a surprise to investors, as Counterpoint Research reported earlier this year that iPhone sales to China fell by 24% in the first six weeks of 2024 amid competition from local rivals like Huawei. Still, Cook noted that there's "clearly work there to do" in bolstering sal [Read more]
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Stockreport

Tim Cook gets real about China [Business Insider]

Apple Inc.  (AAPL) 
More Company Research Source: Business Insider
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Still, CEO Tim Cook believes there's still "work to do" in bolstering sales to its major market. "I think it has been and is the most competitive market in the world," Cook said regarding China. Apple CEO Tim Cook says there's still more work to do on the China front. Apple reported in its second-quarter earnings that the company saw better-than-expected sales in China, a major market, which has been a source of concern for investors worried about a slowdown. While overall iPhone sales were down 10% year-over-year, CEO Cook noted that Apple "still saw some growth" on iPhone in China, specifying that "two best-selling smartphones in urban China" are the iPhone 15 and iPhone 15 Pro Max. That growth may come as a surprise to investors, as Counterpoint Research reported earlier this year that iPhone sales to China fell by 24% in the first six weeks of 2024 amid competition from local rivals like Huawei. Still, Cook noted that there's "clearly work there to do" in bolstering sal [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS