Market news: Apple's (AAPL. O) self-developed wireless chip will be released in new products released in 2025. Apple's chips for iPhone and home wireless devices are close to switching from Broadcom supply to self-developed products. Apple's self-developed wireless chip has the internal code Proxima and will be released to iPads and Macs in 2026.
The Russian court fined Apple (AAPL. O) 3.60 million rubles.
Apple (AAPL. O) fiscal year 2024 Q4 revenue 94.90 billion dollars, the same period last year 89.50 billion dollars, the market is expected to 94.58 billion dollars.
Apple (AAPL. O) reported net sales of $46.22 billion iPhone fiscal fourth quarter, beating market estimates of $45.47 billion.
Apple (AAPL. O) fiscal year 2024 Q4 net profit of 14.736 billion dollars, the same period last year 22.956 billion dollars, the market is expected to 23.52 billion dollars.
Apple (AAPL. O) reported solid revenue growth in its fiscal fourth quarter. The company is optimistic that new artificial intelligence features will drive hardware sales to grow ahead of the holiday sales season. Fourth-quarter revenue rose 6% year-on-year to $94.90 billion, slightly higher than consensus expectations of $94.40 billion. Q4 net profit was $14.736 billion, compared with $22.956 billion a year earlier, and market expectations were $23.52 billion.
Market news: Apple (AAPL. O) is developing a stab-free blood sensor and is exploring products that could combat the diabetes epidemic; Apple employees test a blood sugar app to demonstrate its ambitions to enter the health industry.
Apple Inc (AAPL. O) shares fell 2.4 percent as former analysts said orders for iPhones fell by 10 million units from the fourth quarter to the first half of 2025.