Apple stock drops 5% post record Q1 results, with concerns over China risks and competition.

From Zacks Investment Research: 2025-02-03 18:08:14

Amid market volatility, Apple’s stock has dropped nearly 5% post record Q1 results. Sales hit $124.3 billion, beating estimates, with Product revenue up 2% and Services revenue up 14%. However, China risks and competition from DeepSeek AI raise concerns. Revenue in Greater China fell 11% in Q1, missing estimates. Apple offers low to mid-single digit revenue growth guidance for Q2. Zacks projects 4% sales growth in FY25 and 8% in FY26, with 8% EPS growth this year. Despite challenges, Apple remains a strong long-term investment option.



Read more at Zacks Investment Research: Should Investors Buy the Post Earnings Dip in Apple Stock? – February 3, 2025