Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips
10 months, 3 weeks ago

Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips

Associated Press  

SAN FRANCISCO — Apple snapped out of a yearlong sales funk during its holiday-season quarter, propelled by solid demand for the latest model of its iPhone and still-robust growth in a services division facing legal threats that could undermine its prospects. The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales declines. Apple is hoping to shift the narrative back in its favor with Friday’s release of its Vision Pro headset that transports users into a hybrid of physical and digital environments — a combination the company is promoting as “spatial computing.” But the first version of the Vision Pro will cost $3,500 — a lofty price tag analysts expect to constrain demand this year. Apple’s services division, which is tied largely to the iPhone, posted an 11% rise in revenue from the previous year to $23.12 billion. Apple’s agreement to make Google the default search engine on the iPhone and Safari browser — a deal that brings in an estimated $15 billion to $20 billion annually — is the focal point of antitrust case brought by the U.S. Justice Department that will shift into its final phase in May.

Vision Apple Sales Revenue Billion Quarter Iphone  slump  rise  holidayseason  apple  slips  apples  sales  growth  billion  stock  vision  quarter  revenue  slight  iphone  yearlong  services  period

History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
6 days, 15 hours ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales
1 month ago

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales

Live Mint  

Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher iPhone sales. For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
4 months, 3 weeks ago

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze

Associated Press  

Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. Sales of the iPhone — Apple’s marquee product — remained on a downward slope though, dipping 1% from last year …

Sales of iPhone fall to three-year low as Apple’s popularity drops in China
4 months, 3 weeks ago

Sales of iPhone fall to three-year low as Apple’s popularity drops in China

The Telegraph  

Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. However, the company saw another sales drop in China, where it has struggled in recent months as local rival Huawei has overcome US microchip sanctions to launch new high-end phones. Overall, however, Apple’s sales …

Apple records highest growth as the global PC market continues its recovery in Q2 2024
5 months, 1 week ago

Apple records highest growth as the global PC market continues its recovery in Q2 2024

The Hindu  

The global PC market delivered its second quarter of growth following seven consecutive quarters of decline. Worldwide shipments reached 64.9 million units in the second quarter of 2024 with the overall market benefitting from commercial refresh cycles, hype around AI PCs and promotional activity from consumer-oriented brands, IDC shared in a blog post. While there is buzz around AI, a …

Record breaking Q2 growth in India: Apple
7 months, 2 weeks ago

Record breaking Q2 growth in India: Apple

The Hindu  

Apple witnessed significant growth in India and the country remains a “major focus” said Apple Inc CEO Tim Cook. ‘’In terms of the operational side or supply chain side, we are producing there, from a pragmatic point of view, you need to produce there to be competitive,’‘ he said referring to India. In another India-involved call-out during the Q2 earnings, …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
7 months, 2 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple’s revenue drops, net sales of iPhone and iPad plunge
7 months, 2 weeks ago

Apple’s revenue drops, net sales of iPhone and iPad plunge

The Hindu  

Apple reported quarterly revenue of $90.8 billion, which was down 4% year over year, as it noted a drop in the net sales of iPhones, iPads, and wearables in the past one year. While it surpassed low expectations, Apple announced a record $110 billion stock buyback. The premium gadget maker has been looking to put together more of its handsets …

Apple stock rallies over upbeat forecast, record-setting stock buyback
7 months, 2 weeks ago

Apple stock rallies over upbeat forecast, record-setting stock buyback

Hindustan Times  

Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. “We believe we are well-positioned.” Cook said Thursday that Apple will stand out from its AI rivals by tightly integrating hardware and software, using in-house chips, and making …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
7 months, 3 weeks ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
7 months, 3 weeks ago

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news

Associated Press  

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple’s revenue. …

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
7 months, 3 weeks ago

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic

LA Times  

The sun is reflected on Apple’s Fifth Avenue store in New York. Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest drop in iPhone sales since the July-September period in …

Samsung overtakes Apple as top smartphone maker in Q1 2024
8 months, 1 week ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
8 months, 1 week ago

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?

Hindustan Times  

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India. The Cupertino, California-based company has struggled to sustain sales …

Apple loses $113 billion in market value after US launches antitrust investigation
9 months ago

Apple loses $113 billion in market value after US launches antitrust investigation

Hindustan Times  

Apple has been sued by the US Department of Justice and 15 states as it was alleged that the iPhone maker monopolized smartphone market, hurt smaller rivals and drove up prices. If left unchallenged, Apple will only continue to strengthen its smartphone monopoly.” The company is also said to be facing probes in Europe related to whether it is complying …

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high
9 months, 2 weeks ago

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high

Firstpost  

Apple’s slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by about 10 per cent since it reached an all time high in December 2023. This has caused its market cap to go down by $300 billion Apple's slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by …

Apple China iPhone sales plunge 24% as Huawei's popularity surges
9 months, 2 weeks ago

Apple China iPhone sales plunge 24% as Huawei's popularity surges

The Hindu  

Apple's iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant's chief competitor in China in premium smartphones, Huawei, saw unit sales rise by 64% in the period, according to the report. Apple "faced …

Apple's China sales tumble highlights waning clout as local brands gain
10 months, 3 weeks ago

Apple's China sales tumble highlights waning clout as local brands gain

The Hindu  

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending …

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge
10 months, 3 weeks ago

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge

Firstpost  

Meta and Amazon witnessed a substantial surge in their stock market values, collectively adding $280 billion, while Apple’s value dipped by $70 billion following the release of their respective quarterly results. In contrast, Apple’s quarterly results exceeded analysts’ expectations, but a 3.3 per cent dip in its stock value occurred as sales in China fell short of estimates. However, analysts …

Apple China sales lag overshadows quarterly profit, revenue beats
10 months, 3 weeks ago

Apple China sales lag overshadows quarterly profit, revenue beats

Live Mint  

Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall sales and profit that beat analysts' targets, powered by iPhone growth. Wall Street had been targeting just under $96 billion in sales, a small year-over-year rise, according to LSEG data, compared with Apple's forecast of roughly $90 billion, which is $5 billion below last year's figure. Apple …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
10 months, 3 weeks ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker
11 months ago

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker

Firstpost  

In a historic shift, Apple’s iPhone outpaced Samsung’s smartphones to clinch the title of the world’s best-selling smartphone in 2023, marking the first time the South Korean tech giant has surrendered the top position since 2010. Meanwhile, Samsung experienced a 13.6 per cent decline in smartphone shipments, totalling 226.6 million units and securing a market share of 19.4 per cent, …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

The beginning of the end for the iPhone? As Apple shares slump 4% after 'lacklustre' iPhone 15 sales, experts claim its smartphones have become 'formulaic' and warn customers are jumping ship to rival
11 months, 2 weeks ago

The beginning of the end for the iPhone? As Apple shares slump 4% after 'lacklustre' iPhone 15 sales, experts claim its smartphones have become 'formulaic' and warn customers are jumping ship to rival

Daily Mail  

iPhone 15 has already been called potentially 'the biggest flop in Apple's history' Ever since the first iPhone was unveiled more than 15 years ago, Apple has had a vice-like grip on the smartphone market. IDC estimates it sold 215 million in 2023 Apple released its iPhone 15 range in September, equipped with a USB-C charging port and new artificial …

Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day
1 year, 1 month ago

Value of Apple sales underperforms Huawei, Xiaomi on China's Singles Day

The Hindu  

Apple saw a decline in the value of smartphone sales during China's recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. China's e-commerce platforms such as Alibaba and JD.com did not release sales figures for the Singles Day festival, having dropped the practice last year, although JD.com said the …

China iPhone sales strong, Apple tells investors as Huawei threat looms
1 year, 1 month ago

China iPhone sales strong, Apple tells investors as Huawei threat looms

The Hindu  

Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an …

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
1 year, 1 month ago

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones

Associated Press  

Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company. The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch …

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone
1 year, 4 months ago

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone

India TV News  

Apple's CEO Tim Cook announced that the company achieved record-breaking June quarter results in India, driven by strong iPhone sales. Apple's local manufacturing also achieved record-breaking success, with iPhone exports reaching Rs 10,000 crore in May, contributing to total mobile shipments of Rs 12,000 crore that month. Luca Maestri, Apple's CFO, highlighted an all-time revenue record for iPhone in India …

Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter
1 year, 4 months ago

Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter

Associated Press  

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a showing that may not be enough to sustain investor enthusiasm that recently made the iPhone maker the first publicly held U.S. company to be valued at $3 trillion. Investors have remained upbeat about Apple’s prospects despite the company’s modest sales erosion, largely because …

iPhone sales slow down: Apple to see sharpest fall in revenue since 2016 as analysts stress on AI to boost growth
1 year, 4 months ago

iPhone sales slow down: Apple to see sharpest fall in revenue since 2016 as analysts stress on AI to boost growth

Live Mint  

Apple is expected to see decline in iPhone sales due to cautious consumer behaviour and anticipation of new model. Apple is expected to witness a decline in iPhone sales during the April-June quarter, attributed to cautious consumer behaviour in a slow economy as the launch of a new model is anticipated. {{^adFree}} {{/adFree}} Apple, the world's most valuable company, is …

Apple becomes the first publicly traded company to be valued at $3 trillion
1 year, 5 months ago

Apple becomes the first publicly traded company to be valued at $3 trillion

The Hindu  

Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value on back-to-back days …

Apple secures $3 trillion valuation for second time in iPhone maker's history
1 year, 5 months ago

Apple secures $3 trillion valuation for second time in iPhone maker's history

The Telegraph  

Apple has become a $3 trillion company for the second time in its history as consumers continue to snap up its iPhones despite the cost-of-living crisis. Apple previously briefly notched a $3 trillion market value in January 2022, but failed to maintain that momentum and its shares later fell on the back of supply chain challenges and lockdowns in China. …

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets
1 year, 7 months ago

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets

Firstpost  

Apple Inc reported their earnings that have gone above forecasts on Thursday, demonstrating the tech giant’s resilience in a slowing global economy thanks to higher-than-expected iPhone sales and significant gains in India and other emerging economies. Apple’s stock gained 2 per cent after the firm topped Wall Street’s revenue and profit projections for the first quarter ended April 1. Also …

Apple avoiding layoffs by cutting travel budget, delaying bonuses and more
1 year, 9 months ago

Apple avoiding layoffs by cutting travel budget, delaying bonuses and more

India Today  

Apple is the only major tech giant which has not resorted to mass layoffs to cut expenses. Recently, it was reported that Apple is delaying bonuses for some corporate employees and limiting its hiring. Apple also doles out bonuses and promotions twice a year to some teams, depending on their performance. --Apple has also paused hiring for some teams, and …

Apple Earnings Quarterly iPhone Sales Tim Cook India Bullish Significant Energy
1 year, 10 months ago

Apple Earnings Quarterly iPhone Sales Tim Cook India Bullish Significant Energy

ABP News  

Apple CEO Tim Cook has said he is “very bullish on India” and described the country as a major focus and "hugely exciting market” where the technology giant is putting a “significant amount of energy” through investments, retail and online presence. I'm very bullish on India,” Cook said at an earnings call after Apple reported financial results for its fiscal …

China’s smartphone sales plunge to lowest level in a decade: Report
1 year, 10 months ago

China’s smartphone sales plunge to lowest level in a decade: Report

The Hindu  

China’s smartphone sales declined 14% y-o-y in 2022 to reach their lowest level in a decade, according to Counterpoint Research’s Market Pulse Service. In Q4 2022, China’s smartphone sales declined 15% y-o-y. The research firm analysed that since the spring of 2022, many cities in China, were being subjected to COVID-19 restrictions, which negatively impacted consumer sentiment and further delayed …

Apple has no easy road out of China
2 years ago

Apple has no easy road out of China

Live Mint  

Apple Inc.’s short-term problems depend on the patience of its most lucrative iPhone buyers. Apple has been selling Pro versions of each year’s iPhone family for the past three years, using enhancements such as a more powerful camera and premium materials to command a higher price point for Pro devices compared with each year’s mainline release. That gap is even …

Apple shares slip as China factory unrest fuels iPhone supply concerns
2 years ago

Apple shares slip as China factory unrest fuels iPhone supply concerns

Live Mint  

Shares of Apple Inc fell 1.4% on Monday as growing worker unrest at the world's biggest iPhone factory in China fanned worries of a deeper hit to the already constrained production of higher-end iPhone 14 models. Reuters reported on Friday that the Foxconn-operated plant could see a further drop in November shipments as thousands of employees quit amid discontent over …

iPhone delays weigh on Apple ahead of holiday season
2 years, 1 month ago

iPhone delays weigh on Apple ahead of holiday season

Live Mint  

Wait times for Apple Inc.’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock. “This could cause some further headwinds for Apple," said Matt Maley, chief market strategist at Miller Tabak + …

Apple saw ‘very strong double-digit growth’ in India during July-Sept.
2 years, 1 month ago

Apple saw ‘very strong double-digit growth’ in India during July-Sept.

The Hindu  

Emerging markets including India continued to perform “incredibly well” for technology giant Apple, helping it to post record revenue of $90.1 billion for the fourth quarter ended September, a growth of 8% from a year earlier. “Across nearly every geographic segment, we reached a new revenue record for the quarter and we continue to perform incredibly well in emerging markets …

Apple’s revenue and profit edge up despite slowing economy
2 years, 1 month ago

Apple’s revenue and profit edge up despite slowing economy

Associated Press  

Apple managed to boost both its sales and profit during a summertime quarter that depressed the fortunes of most other major tech companies, but that doesn’t necessarily mean the iPhone maker will be immune to a potential recession. Apple’s fiscal fourth quarter revenue rose 8% from the same time last year to $90.1 billion. The Cupertino, California, company’s profit for …

China smartphone shipments slid 11% in Q3, research firm says
2 years, 1 month ago

China smartphone shipments slid 11% in Q3, research firm says

The Hindu  

Smartphone shipments in China fell 11% year-on-year in the third quarter as the country's slowing economy took a toll on consumer demand, research firm Canalys reported on Thursday. The dip continues an ongoing trend for the sector, which in recent years has faced challenges ranging from the global chip shortage, the economic impact of China's zero-COVID policy, and lengthening upgrade …

Apple leads premium smartphone market sales globally- Report
2 years, 3 months ago

Apple leads premium smartphone market sales globally- Report

India TV News  

Apple captured 57 per cent of premium smartphone market sales the average selling price in the global premium smartphone market grew 8 per cent to reach a record $780 in the June quarter this year, a new report showed on Thursday. Apple has reportedly captured 57 per cent of premium smartphone market sales, while Vivo surpassed OPPO to become the …

Apple India Revenues Doubled In April-June Period: Tim Cook
2 years, 4 months ago

Apple India Revenues Doubled In April-June Period: Tim Cook

News 18  

Apple has seen a new doubling of its revenues in India in the April-June period, setting a new all-time record in the country particularly riding on its iPhone 13 series, the company’s CEO Tim Cook has announced. Speaking to analysts after posting a record June quarter, Cook said that the quarter recorded record revenue in developed and emerging markets “with …

Apple still thriving as economy slows, despite 3Q profit dip
2 years, 4 months ago

Apple still thriving as economy slows, despite 3Q profit dip

Associated Press  

BERKELEY, Calif. — Apple’s profit slipped during the past quarter, but the world’s largest technology company is holding up better than many of its peers as the economy teeters on the edge of a recession. Apple CEO Tim Cook acknowledged that the Cupertino, California, company isn’t immune to the current economic turbulence squeezing consumer budgets, but maintained a mostly upbeat …

Apple Makes Record Revenue In Q1 2022: Here's How The iPhone Maker Makes Money
2 years, 7 months ago

Apple Makes Record Revenue In Q1 2022: Here's How The iPhone Maker Makes Money

News 18  

Apple recently reported its record quarterly revenue at over $97 billion in Q1 2022, despite the ongoing chip shortage and the supply chain constraints. Out of the $97.2 billion revenue, about $19.8 billion came from Apple’s services, while $77.4 came from Apple products like iPhone, iPad, MacBook, AirPods, and more. Out of the $77.4 billion that Apple made from its …

Apple beats sales estimates with big bumps in iPhones, services
2 years, 7 months ago

Apple beats sales estimates with big bumps in iPhones, services

The Hindu  

Apple Inc on Thursday reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages and consumers snapped up new iPhones. Apple CFO Luca Maestri in a release cited "continued strong demand for our products," and a record high for sales of services. Apple's overall fiscal second-quarter revenue was $97.3 billion, up 8.6% from …

Apple loses top spot in China as smartphone sales slump
2 years, 7 months ago

Apple loses top spot in China as smartphone sales slump

CNN  

Hong Kong CNN Business — Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Smartphone sales in China declined 14% in the first quarter, as volumes fell “close to the levels seen during the severe pandemic-impacted Q1 2020,” Counterpoint Research said in areport on Thursday. A report by Canalys on …

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