Interest in owning a 5G iPhone apparently was one of the reasons for the strong growth in iPhone revenue from October through the end of December. The latest generation in wireless connectivity was also responsible for the strong 57% gain in revenue generated by purchases made in the Greater China region. Not all of that revenue is attributable to iPhone purchases, however.
We can now update investors’ reaction to the earnings report, which was as much as a perfect storm for Apple as possible. Despite the strength in the numbers, investors at first showed very little reaction to the report in after hours trading. However, at 10:30 pm ET, we now see that Apple has declined by $4.63 or 3.26% to $137.43 in after hours transactions..