Apple’s fourth-quarter 2024 report revealed revenues of $94.93 billion, exceeding analyst expectations of $94.56 billion, marking a 6.1% increase from the previous year. Earnings per share rose to $1.64, surpassing the Wall Street estimate of $1.49. Sales of the flagship iPhone increased by 5.5% to $46.22 billion, beating the predicted $45.47 billion. This growth is attributed to the introduction of AI features in the latest iPhone 16, providing enhanced functionalities, although these features are still in beta and limited to US English. Despite the strong results, Apple’s outlook for the upcoming quarter is subdued, anticipating revenue growth in the low to mid-single digits, below Wall Street's forecast of over 6.5%. This tempered outlook and disappointing sales in China, which totaled $15.03 billion against an expected $16.34 billion, negatively impacted Apple’s stock prices. After-hours trading saw shares drop by 1.82% to $225.91, continuing to decline to $221.71, although the stock has risen approximately 21.7% this year.

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