Apple sales down 28%

Apple released its fourth quarter performance report in 2020 after hours on October 29, Eastern time. Although the fourth quarter revenue, profits are higher than market expectations. But iPhone sales, at $26.44 billion, were the only major product sales decline in the quarter. In the same period last year, it was US $33.362 billion, with a year-on-year decrease of about 20%. In addition, sales in Greater China in the fourth quarter were $7.95 billion, down 28.57% from $11.13 billion in the same period last year. Affected by this, Apple shares fell nearly 5% after hours.
In response, Apple CEO Cook said that since Chinese consumers had been waiting for 5g iPhones, fourth quarter sales would certainly be weaker. 5g is quite advanced in China, and the company is very confident in this, and has confidence in Greater China sales in the first quarter of fiscal year 2021.
Red Star News noted that Apple industrial chain fell sharply, huanxu electronic limit fell, LANs technology fell 6.47%, golfer shares and Changying precision fell more than 3%.