Apple fell barely in need of investor expectations when it reported its first-quarter earnings at the moment. Whereas gross sales have been up 4 % general, the iPhone confirmed indicators of weak spot, and gross sales within the Chinese language market slipped by simply over 11 %.

CEO Tim Prepare dinner instructed CNBC that the iPhone carried out higher in nations the place Apple Intelligence was out there, just like the US—seemingly suggesting that the slip was partially as a result of Chinese language customers don’t see sufficient purpose to purchase new telephones with out Apple Intelligence. (He additionally mentioned, “Half of the decline is because of a change in channel stock.”) iPhone gross sales additionally slipped in China throughout this identical quarter final yr; this was the primary full quarter throughout which the iPhone 16 was out there.

In any case, Prepare dinner mentioned the corporate plans to roll out Apple Intelligence in extra languages, together with Mandarin, this spring.

Apple’s wearables class additionally declined barely, however solely by 2 %.

Regardless of the traits that anxious buyers, Apple reported $36.33 billion in internet income for the primary quarter. That is 7.1 % greater than final yr’s Q1. This was pushed by the Mac, the iPad, and Providers (which incorporates every thing from Apple Music to iCloud)—all of which noticed slight upticks in gross sales. Providers was up 14 %, persevering with a powerful streak for that enterprise, whereas the Mac and the iPad each jumped up 15 %.

The uptick in Mac and iPad gross sales was probably helped by a number of new Mac fashions and a brand new iPad mini beginning shipments final October.

Prepare dinner shared another attention-grabbing numbers within the earnings name with buyers and the press: The corporate has an lively base of two.35 billion gadgets, and it has greater than 1 billion lively subscriptions.