Apple's recent earnings report has left investors grappling with mixed signals. While the company posted a 4% revenue growth for its first fiscal quarter, it fell short of Wall Street's expectations for iPhone sales, particularly in Greater China, where sales declined by 11.1%. The absence of the Apple Intelligence AI suite in this critical market was noted as a contributing factor. Despite these challenges, Apple's Mac and iPad sales exceeded expectations, and its services segment performed well, indicating areas of strength amid the iPhone sales shortfall. The company's gross margin of 46.9% also surpassed estimates, reflecting strong profitability.
The Direxion Daily AAPL Bull 1.5X Shares (AAPU) ETF experienced a decline, dropping 4.43% to $32.35 as of 5:20 PM on Thursday, January 30.