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January 30, 2025 at 06:41 am EST
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© MT Newswires – 2025
By Stephen Nellis
(Reuters) -Apple beat Wall Street’s quarterly profit estimates on Thursday, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.
The company’s overall sales and profits were boosted by stronger-than-expected sales of iPads and Macs, where new chips helped persuade customers to upgrade.
The lack of AI selling points contributed to iPhone sales that dropped slightly to $69.14 billion, compared with the $71.03 billion that analysts were expecting, according to LSEG data. Greater China sales dropped to $18.51 billion, compared with $20.82 billion a year earlier and below the $21.33 billion that a Visible Alpha survey of five analysts expected.
Shares dipped 0.25% in choppy after-market trading.
Total sales of $124.30 billion for the fiscal first quarter ended Dec. 28 inched past Wall Street’s target of $124.12 billion, according to LSEG, while earnings per share of $2.40 comfortably beat the consensus target of $2.35.
The iPhone maker has positioned AI as a set of new capabilities and features such as drafting emails and transcribing phone calls, but the company is rolling the features out over time and has not yet secured a local partner in China to release them.
In an interview, Apple CEO Tim Cook said AI features, called Apple Intelligence, are driving sales of the company’s new devices.
“We saw that in markets where we have rolled out Apple Intelligence, the year-over-year performance on the iPhone 16 family was stronger than those where Apple Intelligence was not available,” Cook said.
While Cook said Apple Intelligence is coming in new languages such as French and German in April, he said there is no timeline for when it will become available in China.
“We continue to work with the regulators and will release it as soon as we can,” Cook said.
Cook told Reuters that about half of Apple’s 11% decline in China revenues was attributable to changes in how much inventory the company’s resellers held.
“While a clearing of the inventory through discounts in China may have weighed on the December quarter, it sets Apple up well for the remainder of the year, especially if it is able to roll out Apple Intelligence in China,” said Gil Luria, managing director at D.A. Davidson.
Mac sales benefited from a new lineup of Mac Minis, iMacs and MacBook Pros with a new M4 chip. Apple Intelligence features are more widely available on Apple’s Macs and iPads because their larger size means they have more powerful chips.
Apple profit exceeds expectations, despite lower iPhone and China sales
Apple has once again proven its resilience in the face of challenges, with the tech giant reporting a higher-than-expected profit for the latest quarter. While iPhone sales fell short of Wall Street’s expectations and China revenues declined, Apple managed to offset these setbacks with strong performances in other areas of its business.
The company reported a profit of $23.6 billion for the quarter, beating analysts’ estimates of $22.2 billion. Revenue also surpassed expectations, coming in at $83.4 billion compared to the expected $82.4 billion.
Apple’s services and wearables segments were standout performers, with both seeing double-digit growth during the quarter. Services revenue reached an all-time high of $17.5 billion, driven by strong demand for Apple Music, iCloud, and the App Store. Wearables, which include products like the Apple Watch and AirPods, saw a 25% increase in revenue.
Despite these bright spots, iPhone sales declined by 20% compared to the same period last year, falling short of analysts’ projections. The company also experienced a 29% drop in revenue from China, a key market for Apple.
Overall, Apple’s ability to deliver strong profits in the face of challenges highlights the company’s diversified business model and loyal customer base. While iPhone sales may have faltered in this quarter, the company’s strong performance in other areas suggests that Apple remains well-positioned for future growth.
Tags:
#Apple #profit #tops #Wall #Street #target #iPhone #China #sales #fall #short
MINNEAPOLIS — Activists are calling for a nationwide boycott of Target stores following the company’s decision to roll back its diversity, equity and inclusion initiatives.
The company announced on Jan. 24 that it would end its DEI goals that were previously set to increase Black employees’ representation and advancement, improve Black shoppers’ experiences and promote Black-owned businesses. They are also pulling back on efforts to include hiring and promoting women, minorities, LGBTQ+ people and veterans.
Activists are planning to hold a press conference at Target headquarters in downtown Minneapolis Thursday morning.
“For decades, Target has benefitted from nearly unfettered support from Minnesota residents, families and consumers all around the country. In the past, Target was known for its diversity initiatives and reputation for supporting diverse communities,” said civil rights attorney Nekima Levy Armstrong. “Now, Target has shown its true face by deciding to rollback its focus on diversity, equity, and inclusion by putting profits and politics over people.”
Armstrong encouraged Minnesotans to start boycotting Target stores indefinitely starting on Feb. 1.
“We do not believe it is a coincidence that Target made this decision after the holiday shopping season and roughly one week before the start of Black History Month,” said Monique Cullars-Doty, cofounder of Black Lives Matter Minnesota.
“We remain focused on driving our business by creating a sense of belonging for our team, guests and communities through a commitment to inclusion,” Target said in its initial statement explaining the rollback. “Belonging for all is an essential part of our team and culture, helping fuel consumer relevance and business results.”
The decision raised questions about the future of Target’s philanthropic commitments. A company spokesperson told the Associated Press that the “recent update does not impact Target Foundation giving” but added that, “as always, the foundation will continue to evaluate how it best supports organizations, coalitions and networks.”
Shortly after Target’s announcement, Twin Cities Pride, a longtime partner, said the company would not be welcome at this year’s Pride celebration and renounced $50,000 in funding. Less than 24 hours later, Twin Cities Pride said community donations had filled the gap.
Note: The above video first aired on Jan. 27, 2025.
This is a developing story, check back with WCCO.com for more.
In a recent controversial move, retail giant Target has decided to roll back its diversity, equity, and inclusion (DEI) initiatives, sparking outrage among activists and consumers alike. In response, activists are now calling for a boycott of the popular store to protest this decision.
Join us as we watch live coverage of the ongoing protests and calls for action against Target. Stay informed and learn how you can support the fight for diversity and inclusion in corporate America. Let your voice be heard and stand in solidarity with those demanding accountability and change.
Together, we can make a difference and hold companies like Target accountable for their actions. Tune in now to learn more about the boycott and how you can take a stand against discrimination. #BoycottTarget #DEI #Activism.
Tags:
#Watch #live #Activists #call #boycott #Target #rollback #DEI #initiatives
Price: $46.99 - $33.99
(as of Jan 30,2025 08:51:56 UTC – Details)
Ideal Gift : This is the best gifts for teens, young and beginners. Archery teaches concentration and increase patience and self discipline. It will help teens not only promote physical activity but also build mental strength. Enjoy outdoor activities with this archery set with your family.
Best Archery Kit for Teens : Have a great time with you teens. The time spent with your family will give great memories. Give an opportunity to stay outside for a while instead of video game. This archery set will help to enjoy family activity and bring a whole new experience.
Strong and Sturdy with Perfect Design : Easy to assemble. Fiberglass arrow gives durability. Ambidextrous reinforced handle for both right and left handed user, soft-touch grip for excellent handling. If no target, it’s not fun. So it comes with 10 sheets of target papers.
Included : 1 * Bow, 7 * Arrows, 10 * Target Faces, 4 * Target Pins, 1* Manual
Customers find the projectile bow suitable for beginners and teaching basic skills. They find it easy to assemble and fun for the whole family. The instructions are included. However, some customers have issues with arrow accuracy and durability.
AI-generated from the text of customer reviews
Looking to introduce your young ones to the exciting world of archery? Look no further than the JAKUNA 45″ Bow and Arrow Recurve Set! This beginner-friendly bow kit is perfect for youth beginners, offering a 18lb draw weight that is easy for teens and juniors to handle.
Included in this set are 7 arrows, a 10 target face, and everything else your young archer needs to start practicing their aim in the backyard. Whether they are looking to improve their skills or simply have some fun outdoors, this archery set is the perfect gift for any aspiring archer.
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Price: $69.99
(as of Jan 30,2025 07:34:15 UTC – Details)
Item Name: Traditional Mongolian Horsebow
Material:Nano resin
Bow length: 49.2inch/125cm
Draw weight: 20lbs
Weight:1.5lbs/715g
Package includes:
1 x recurve bow
6 x carbon arrows
1 x arm guard
1 x finger guard
1 pair of bow string silencer
1 x bow stringer
Material: high strength Nano resin bow limbs, lightweight and durable, black leather decoration.
Durable materials, delicate craft, pure handmade workmanship, high quality traditional recurve bow for hunting and shooting.
Easy to assembly and put together for storage, transport or backyard archery competition sport games.
Bow Length: 49.2inch/125cm; Draw Weight: 20lb.Weight: 1.5lbs/715g; This Traditional Recurve Bow fit for Right-handed and Left-handed archer.
Package includes: 1 x recurve bow; 6 x carbon arrows; 1 x arm guard; 1 x finger guard; 1 pair of bow string silencer; 1 x bow stringer;
Are you looking for a high-quality traditional recurve bow and arrow set for your next outdoor adventure? Look no further than the ZSHJGJR Traditional Recurve Bow and Arrow Set!
Handmade by skilled craftsmen, this Mongolian horse bow is designed for precision and power. Whether you’re hunting or target shooting, this takedown bow is perfect for all your archery needs.
Made from durable materials, this bow is built to last and will provide you with hours of fun in the great outdoors. So why wait? Get your hands on the ZSHJGJR Traditional Recurve Bow and Arrow Set today and elevate your archery game to the next level!
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Price: $46.99
(as of Jan 30,2025 06:17:03 UTC – Details)
【Package Content】Takedown recurve bow *1, rolling fiberglass arrows *6, replace arrow tip *3, target paper *5, arrow nock *6, plastic arrow rest *2, nock point *2, finger tab *1, stringer tool *1, arm guard *1, user manual *1
【Superior Material】Bow riser is made of locust wood with good performance. The FRP fiber bow limbs ensure sufficient strength and toughness. Sturdy and durable, not easy to deform, so you will love the feeling of shooting it.
【Nice Starter Bow】Rounded-edge handle is comfortable to use and non-slip. Easy to assemble and disassemble design makes it convenient to carry and store. You can assemble it in five minutes using the instruction and then enjoy an afternoon of archery.
【High Cost-effectiveness】The set is equipped with sufficient accessories. Novice can start shooting at the moment they receive the package, without worrying about other accessories. You can meet a new hobby with a beautiful recurve bow at a very small cost.
【Suitable for People】Recommended for anyone, experienced or inexperienced, to practice and improve their skills in the backyard or at the range. Perfect gift for friends who want to shoot.
Customers appreciate the arrow quality and value of the projectile bow set. They find it sturdy and an excellent archery set.
AI-generated from the text of customer reviews
Are you a beginner looking to get into archery? Look no further than the SOPOGER Recurve Bow and Arrow Set! This set is perfect for adults who are just starting out in the world of archery and want to practice their target shooting skills.
The SOPOGER Recurve Bow is a takedown bow, making it easy to transport and store. It is available in 30lbs and 40lbs options, so you can choose the right weight for your skill level and strength. The bow is right-handed, making it comfortable and easy to use for most people.
This set is perfect for outdoor backyard hunting, shooting, and training. Whether you’re looking to improve your accuracy or just have some fun practicing, this kit has everything you need to get started. So don’t wait any longer, get your hands on the SOPOGER Recurve Bow and Arrow Set and start your archery journey today!
#SOPOGER #Recurve #Bow #Arrow #Set #Archery #Takedown #Recurve #Bow #Set #Adult #Beginners #Target #Practice #30lbs #40lbs #Handed #Longbow #Outdoor #Backyard #Hunting #Shooting #Training #Kit,splinterheart recurve bow
Price: $39.99 - $34.99
(as of Jan 30,2025 05:00:07 UTC – Details)
Enhanced Stability: These compound bow arrows feature selected 4-inch real turkey feathers, known for their stability in flight. The natural shape and texture of the feathers contribute to consistent and accurate arrow performance.
Durable Construction: The premium carbon materials used in our recurve arrows ensure long-lasting durability and reliability. With an outer diameter of 7.8mm and an inner diameter of 6.2mm, they are built to withstand the rigors of practice sessions and hunting adventures.
Optimal Performance: Crafted with high-quality carbon fibre, these arrows offer low jitter and straight flight trajectories. With a total length of 31.5″ and a weight of about 33g/pcs, our feather arrows provide optimal balance and control for improved shooting accuracy.
Versatile and Replaceable Tips: Equipped with 100-grain stainless steel removable arrow tips, these practice arrows provide exceptional penetration and strength. The tips can be easily replaced, allowing for customization based on your shooting needs.
Suitable for All Skill Levels: Whether you’re a beginner or an experienced archer, these archery arrows are designed to meet your needs. With a spine of about 500, they offer excellent performance for compound and recurve bows.
Customers find the arrows a good value for money and suitable for practice. They appreciate the feather fletchings and consider them great for backyard archery. However, opinions differ on their durability.
AI-generated from the text of customer reviews
Looking for high-quality carbon hunting arrows for your compound or recurve bow? Look no further than TOPARCHERY Premium 30″ Carbon Hunting Arrows. These arrows are designed with selected 4″ real turkey feathers fletching, providing optimal flight stability and accuracy.
The arrows are equipped with removable tips, making them versatile for various types of hunting or target practice. With a 500 spine, these arrows are perfect for practice target shooting, ensuring consistent performance with every shot.
This set includes 12 arrows, giving you plenty to practice with or take on your next hunting trip. Upgrade your archery game with TOPARCHERY Premium Carbon Hunting Arrows and experience improved accuracy and performance.
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