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Apple Earnings: 3 Key Takeaways

Video Credit: The Street - Duration: 00:49s - Published
Apple Earnings: 3 Key Takeaways

Apple Earnings: 3 Key Takeaways

Things are looking a bit brighter for Apple on the China front.

For the June quarter, Apple reported a revenue decline of 4% in China, compared to a 21% decline in the previous quarter.

On a constant currency basis, revenue grew slightly in the region.

Wearables were also a bright spot in the quarter, with Apple executives saying that 75% of customers who bought an Apple watch were buying them for the first time.

While iPhone sales looked a bit sluggish, Apple investors have a few developments to look forward to this quarter.

Those include the launch of the Apple Card, launches of Apple TV+ and Apple Arcade, and a lineup of new iPhones due to be announced in September.

Watch the video above to get more insight on Apple's earnings.

Related.

Apple Nears $1 Trillion as Record Q3 Services Revenues Offset iPhone Weakness Related.

Jim Cramer: What's Apple Worth?

Here's What I Think

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