Apple's recent earnings report has highlighted a mixed performance, with the company experiencing a notable shortfall in iPhone sales, particularly in Greater China, where sales declined by 11.1%. This miss, the largest in two years, was attributed to the absence of the Apple Intelligence AI suite in the region. Despite these challenges, Apple saw strong growth in its Mac and iPad segments, with revenues surpassing analyst expectations. The company's services segment also performed well, contributing to a gross margin of 46.9%, slightly above forecasts. However, the overall sentiment was dampened by the iPhone sales miss, impacting Apple's stock performance.
The Direxion Daily AAPL Bear 1X Shares ETF (AAPD) rose 2.13% to $16.30 as of 5:20 PM on Thursday, January 30.