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Appleon Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down 3.5% in after-hours trading.

Chief ExecutiveTimCookinsisted that the company’s new iPhone 15 models were doing well in China, citing a record September quarter for iPhones in the region and seeking to ease Wall Street worries that Apple was losing market share to a resurgent Huawei and other local smartphone sellers.

On a conference call with analysts, Chief Financial Officer Luca Maestri said sales for the current quarter, when Apple typically has its biggest sales of new iPhone models, will be similar to the previous year. Wall Street was expecting a forecast for sales to rise 4.97% to $122.98 billion.

Apple shares, which have risen 37% so far this year, dropped 3.5% after-hours when the company gave the forecast.

Earlier on Thursday, Apple reported quarterly sales and profit beat Wall Street expectations, helped by an uptick in iPhone sales and a $1 billion boost to services revenue that offset large drops in Mac and iPad sales.

But revenue from China dipped 2.5% and Cook said the company’s new high-end handset models – the iPhone 15 Pro and Pro Max devices – are facing supply constraints.

The Cupertino, California, company has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China, a key market for Apple.

“While we believe investors should breathe a sigh of relief because sales and profits both exceeded expectations, the upside was small and we were concerned to see weak sales from China,” DA Davidson analyst Tom Forte said.

Apple said sales for the fiscal fourth quarter ended Sept. 30 fell roughly 1% to $89.50 billion but beat analyst estimates of $89.28 billion, according to LSEG data. Net income rose about 11%. Profit per share of $1.46 beat analyst expectations of $1.39 per share, according to LSEG.

Apple is facing tougher competition in the smartphone market this year as Huawei TechnologiesLreturns to the field with new phones powered by Chinese-made chips after being all but shut out of the market for several years by US government trade curbs.

Apple’s sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Apple’s Cook said that after accounting for foreign exchange rates, Apple’s business in China grew year-over-year, driven by iPhone sales and services revenue.

“In mainland China, we set a quarterly record for the September quarter for iPhone,” Cook told Reuters. “We had four out of the top five best-selling smartphones in urban China.”

Cook said Apple was “working hard to manufacture more” iPhone 15 Pro and Pro Max devices. “We do believe that later this quarter, we’ll reach a supply-demand balance,” he said.

Several global trends are also playing in Apple’s favor, with forecasters predicting that the smartphone market has bottomed out and may start to recover in 2024.

In the longer term, investors are eying how Apple responds to the boom in generative artificial intelligence in which systems can follow prompts in human-like ways – an area that has attracted billions in spending by Microsoftand Alphabet’sGoogle. Apple has said it is working on the technology and views it as a way to improve a wide range of products.

For now, the iPhone remains Apple’s biggest seller. Sales of the device were $43.81 billion in the fourth quarter, in line with analyst expectations of $43.81 billion, according to LSEG data.

The personal computer market is also expected to fare better in the coming year. Earlier this week,Apple rolled outnew Mac machines.

Still, Mac sales slumped by a third to $7.61 billion and iPad sales declined 10% to $6.44 billion, compared with expectations of $8.63 billion and $6.07 billion, respectively.

Sales in Apple’s wearables segment, which includes the Apple Watch and AirPods, fell 3% to $9.32 billion, short of estimates of $9.43 billion, according to LSEG data.

Apple has faced several quarters of declining sales of Macs and iPads, and the fourth quarter continued that trend.

Sales in Apple’s services segment, which includes Apple TV+ and which recently closed a deal with global soccer superstar Lionel Messi, rose 16% to $22.31 billion, compared with analyst estimates of $21.35 billion.

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Sources: Rangers close to hiring Sullivan as coach

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Sources: Rangers close to hiring Sullivan as coach

The New York Rangers are in advanced contract talks to make former Pittsburgh Penguins coach Mike Sullivan their next head coach, sources told ESPN’s Emily Kaplan and Kevin Weekes on Thursday.

The deal is expected to be one of the richest coaching contracts in NHL history, the sources said.

Sullivan would head to New York in a move that is coming together three days after he left his job with Pittsburgh, where he coached for 10 seasons and won back-to-back Stanley Cups in 2016 and 2017.

The Penguins have missed the playoffs for the past three seasons amid a retooling of the roster.

David Quinn, Sullivan’s top assistant in Pittsburgh, is not expected to join him in New York. Quinn will be a candidate for other head coaching vacancies, including Pittsburgh’s, according to sources.

John Tortorella is a strong possibility to rejoin the Rangers organization. Sullivan, Quinn and Tortorella were on the coaching staff for Team USA at Four Nations.

In New York, Sullivan would replace Peter Laviolette, who was fired after the Rangers didn’t make the postseason for the first time since 2021.

Sullivan was selected by the Rangers in the 1987 draft but never played for New York, choosing to stay in college at Boston University before going on to an 11-year NHL playing career with four teams.

Sullivan, 57, previously served as a Rangers assistant coach from 2009 to 2013 on Tortorella’s staff. He also was the head coach of the Boston Bruins for the 2003-04 and 2005-06 seasons.

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Draisaitl, Hellebuyck, Kucherov are Hart finalists

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Draisaitl, Hellebuyck, Kucherov are Hart finalists

Edmonton Oilers star forward Leon Draisaitl, Winnipeg Jets goaltender Connor Hellebuyck and Tampa Bay Lightning standout Nikita Kucherov were named finalists for the 2024-25 Hart Memorial Trophy on Thursday.

The award is presented “to the player adjudged to be the most valuable to his team” and voted on by members of the Professional Hockey Writers Association.

Draisaitl, 29, led the NHL in goals (52), tied for third in points (106) and was a career-best plus-32 in 71 games this season. He won the award in 2019-20 and is a two-time finalist.

Hellebuyck, 31, led the league in wins (47), goals-against average (2.00) and shutouts (eight) and was second in save percentage (.925) among goalies to play at least 25 games. The Vezina Trophy finalist as the best goaltender in the NHL is a first-time Hart finalist.

Kucherov, 31, led the NHL in scoring for the second consecutive season with 121 points (37 goals, 84 assists). He won the Hart Trophy in 2018-19 and is a three-time finalist.

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Injured Scheifele won’t travel with Jets for G6

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Injured Scheifele won't travel with Jets for G6

Winnipeg Jets coach Scott Arniel said Thursday that star center Mark Scheifele will not travel with team ahead of Game 6 against the St. Louis Blues.

Scheifele will remain in Winnipeg after he missed the second and third periods of his team’s 5-3 victory Wednesday against the Blues in Game 5 of the Western Conference quarterfinals.

“You’re hoping for the best that maybe he wakes up today and things are better,” Arniel told reporters before the team flight to St. Louis. “But right now, he won’t be making the trip, and we’ll just go day-to-day moving forward.”

With 13:51 remaining in the opening period, the Jets were in the Blues’ zone when Scheifele had just played the puck along the half wall. That’s when he was instantly checked by Blues captain Brayden Schenn. Scheifele appeared to be concentrating on the puck and looked as if he did not see Schenn, who connected with the top half of Scheifele’s chest and knocked him down to the ice.

Schenn was given a two-minute minor for interference and another two-minute minor for roughing.

A little more than 10 minutes later, Scheifele was involved in another physical sequence. He was just about to reach the Blues’ zone when forward Radek Faksa also checked him and appeared to have struck Scheifele in the same area as the previous hit from Schenn.

Scheifele finished the first period, but Arniel spoke to the officials as both teams were entering the dressing room before first intermission. Blues coach Jim Montgomery confirmed with reporters after the game that Arniel spoke to the officials about the Schenn hit before sharing his thoughts.

“Let’s make it clear: Fifty-five got hurt from the Faksa hit,” Montgomery said. “He played six minutes after the Schenn hit. He didn’t come back after he got rocked by Faksa.”

Upon hearing Montgomery’s comments, Arniel had some thoughts of his own.

“I didn’t know Monty got his medical degree and can say how our player got hurt. He’s way off base and should not make that comment,” Arniel told reporters. “There’s some things that have been going on in this series and that was a repeat of what we’ve seen before: A player leaving his feet and then hitting a player in a very unprotected spot. Like hitting him in the sense, almost blindsiding him. Not happy with how the call was made. A two-minute minor. Not even looking at it is what I was upset about.

“It is something we have talked to the league about for five games.”

On Thursday, Arniel was asked if Scheifele was in concussion protocol.

“I’m not going down that road,” Arniel said.

It’s possible that the Jets could once again turn to Vladislav Namestnikov like they did in Game 5 and elevate him to the top line. The second-line center would take Scheifele’s place on the first line alongside Kyle Connor and Gabriel Vilardi.

Namestnikov, who had 11 goals and 38 points in 78 regular-season games, had his strongest game of the postseason in Game 5. He finished with a goal and two points while logging 17:15 of ice time.

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