From Financial Modeling Prep: 2025-01-02 01:51:44

Apple Inc. (NASDAQ: AAPL) faces weaker iPhone sales in December due to declining demand in China. UBS analysts revised iPhone unit and revenue estimates for the quarter, with iPhone units at 74 million and revenue at $67.2 million. December quarter revenue estimate was lowered to $120.8 billion.

iPhone sell-through dropped 8% year-on-year in November to 20.7 million units, with China leading the decline. Apple’s global market share fell to 20.1%, the lowest since November 2019. Regulatory hurdles in China and competition from Huawei and Xiaomi add to challenges.

Despite falling device sales, Apple’s services revenue remains strong, driven by AppStore and software sales. This resilience is expected to offset overall earnings decline. Apple’s December quarter faces challenges with weakening iPhone demand, but strong services revenue may help mitigate declines.



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