Apple earnings: record quarter, soft margin guide
Apple beat on revenue and EPS but guided gross margin below estimates on memory and Siri AI costs, and shares fell about 4%. It also plans paid Siri AI usage tiers.
What we know
An account on X lists the beat and a China miss. Another account on X gives the Q1 guide of +7-10% revenue and 45-46% gross margin. Another account on X shows shares down 4%. Another account on X reports plans to charge for heavy Siri AI use.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.