Riding on services, Apple set to reinvent the iPhone
5 years, 4 months ago

Riding on services, Apple set to reinvent the iPhone

Live Mint  

San Jose : Every once in a while, a revolutionary product comes along that changes everything, said late Apple co-founder Steve Jobs once. According to CEO Tim Cook, Apple's active installed base of iPhones continued to grow across the globe in its June quarter, including in India where the company has achieved double-digit growth after a long time owing to promotional offers and discounts. In the June quarter, Apple has a new revenue record of $53.8 billion and iPhone generated $26 billion, riding on strong customer response to the company's in-store trade-in and financing programmes. As smartphone competition turns hyper-local, Cook has to reinvent the iPhone and this time, he has growing services business on his side which, if bundled well with the new models of iPhones, can do magic. "Our strong services performance was broad-based; we set new all-time records for AppleCare, music, cloud services and our app store search ad business and achieved a new third quarter revenue record for the App Store," said Cook.

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History of this topic

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look
2 weeks, 3 days ago

What's Driving Apple's Nearly $4-Trillion Market Valuation? Let's Take A Closer Look

ABP News  

Apple, the Cupertino-based tech giant that brings iPhones and MacBooks, is on the verge of achieving a groundbreaking $4 trillion market valuation, driven by a surge in its stock price and growing optimism around its artificial intelligence initiatives, as reported by Forbes. Shares Soar, Closing In On Milestone Since November, under CEO Tim Cook, Apple's stock has climbed 16 per …

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft
2 weeks, 3 days ago

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft

India Today  

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand," Morgan Stanley analyst Erik Woodring said …

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
3 weeks, 2 days 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, 2 weeks 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 AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
2 months, 1 week ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
5 months, 1 week 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 …

AI Is Apple’s Best Shot at Getting You to Upgrade Your iPhone
55 years ago

AI Is Apple’s Best Shot at Getting You to Upgrade Your iPhone

Wired  

Apple’s new AI strategy might also play a key role in its upgrade-your-iPhone strategy. Apple is limiting these AI features to the iPhone 15 Pro and Pro Max, which run on Apple’s A17 Pro chip; the iPads Pro and Air, which run on Apple’s M1 chip or later versions; and various Mac computers that run on the M1 chip or …

Record breaking Q2 growth in India: Apple
8 months 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
8 months, 1 week 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
8 months, 1 week 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 shows its steepest quarterly decline in iPhone sales since pandemic's outset
8 months, 1 week 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
8 months, 1 week 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
8 months, 1 week 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 …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
8 months, 3 weeks 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 …

What the DOJ’s antitrust suit against Apple means for everyone with an iPhone
9 months, 2 weeks ago

What the DOJ’s antitrust suit against Apple means for everyone with an iPhone

LA Times  

Greater freedom for app developers on the App Store. In 2020, Epic Games sued Apple after it got kicked out of the App Store when its game “Fortnite” was attempting to circumvent Apple’s charge on in-app purchases. “We do not expect any business model changes for now, but Apple clearly is going to have to find a way to eventually …

Tim Cook teases Apple generative AI announcement for ‘later this year’
11 months, 1 week ago

Tim Cook teases Apple generative AI announcement for ‘later this year’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple boss Tim Cook has …

Apple China sales lag overshadows quarterly profit, revenue beats
11 months, 1 week 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 ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips
11 months, 1 week 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 …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
11 months, 1 week 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 Changes Its App Store Policy. Critics Call the Moves ‘Outrageous.’
11 months, 3 weeks ago

Apple Changes Its App Store Policy. Critics Call the Moves ‘Outrageous.’

Live Mint  

Apple’s new App Store payment policies are stirring outrage among software developers who say the iPhone maker is skirting the intention of a court ruling. The U.S. Supreme Court declined to hear appeals Tuesday of an antitrust ruling covering the App Store stemming from a legal dispute between Apple and Epic, developer of the popular videogame “Fortnite." Epic’s chief executive, …

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
1 year 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 …

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
1 year, 2 months 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 results show sales falling – but its big bet on services continues to pay off
1 year, 5 months ago

Apple results show sales falling – but its big bet on services continues to pay off

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. By contrast, Cook told Reuters that Apple‘s iPhone sales in China grew by “double digits” and that …

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone
1 year, 5 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, 5 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 …

Apple secures $3 trillion valuation for second time in iPhone maker's history
1 year, 6 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, 8 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 Earnings Quarterly iPhone Sales Tim Cook India Bullish Significant Energy
1 year, 11 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 …

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, 2 months 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, 2 months 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 …

Apple’s controversial money-saving innovation may not come until next year because of ‘technical difficulties’
2 years, 3 months ago

Apple’s controversial money-saving innovation may not come until next year because of ‘technical difficulties’

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A new Apple service showcased at WWDC 2022 will likely not come for …

Apple leads premium smartphone market sales globally- Report
2 years, 4 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, 5 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, 5 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, 8 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, 8 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 Q2 earnings: iPhone maker warns of serious supply headwinds in China
2 years, 8 months ago

Apple Q2 earnings: iPhone maker warns of serious supply headwinds in China

CNN  

CNN Business — Apple topped Wall Street’s estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. CEO Tim Cook kicked off the earning call by recognizing the company’s efforts in Ukraine, such as donating products to support refugees arriving …

Apple posts record sales as chip crunch eases
2 years, 11 months ago

Apple posts record sales as chip crunch eases

The Hindu  

Apple Inc. reported record sales in the holiday quarter, beating estimates due to high iPhone demand and growing subscribers, even as a chip shortage that it said has begun easing cost it over $6 billion in revenue. “They’ve navigated the supply chain better than everybody, and it’s showing in the results,” said Ryan Reith, who studies the smartphone market for …

Apple Posts Record Earnings, CEO Tim Cook Credits Innovative Team Effort
2 years, 11 months ago

Apple Posts Record Earnings, CEO Tim Cook Credits Innovative Team Effort

News 18  

Cupertino-based giant Apple has announced an all-time high revenue record of $123.9 billion, up by 11 percent year-on-year for Q1 2022. In an earnings call, Apple CEO Tim Cook announced that the company’s record-breaking results were made possible by its innovative product and services lineup. “This quarter’s record results were made possible by our most innovative lineup of products and …

What crisis? Apple reports bumper revenue from iPhone 13 sales despite supply chain woes
2 years, 11 months ago

What crisis? Apple reports bumper revenue from iPhone 13 sales despite supply chain woes

India Today  

Apple has reported its biggest quarterly earnings ever, driven by the holiday shopping season. Topping all previous record-breaking quarterly earnings, Apple’s Q1 2022, also called the holiday quarter, became its most important with a record revenue of $123.95 billion, up 11 per cent year over year. The iPhone made Apple $71.63 billion, a jump of 9 per cent year over …

Apple teases metaverse AR plans
2 years, 11 months ago

Apple teases metaverse AR plans

The Hindu  

Apple Inc teased its metaverse ambitions on Thursday as CEO Tim Cook talked expansion of the company's augmented reality apps, prompting strong investor response. Cook's comments on Thursday, and quarterly profit and sales topping estimates, helped drive Apple stock up nearly 5% in after-hours trade. Apple's services revenue jumped by 24% to $19.5 billion in the just-ended holiday quarter, topping …

Apple posts highest-ever quarterly earnings in a sign it tamed supply crisis
2 years, 11 months ago

Apple posts highest-ever quarterly earnings in a sign it tamed supply crisis

LA Times  

Apple Inc. rallied in extended trading after quarterly revenue sailed past Wall Street estimates, marking a victory against a supply chain crunch fueled by the pandemic and chip shortages. Apple Chief Executive Tim Cook had warned late last year that shortages could cost the company more than $6 billion in sales during the all-important holiday period. In Apple’s previous earnings …

Apple’s tryst with $3,000,000,000,000: A testament to rapid growth
3 years ago

Apple’s tryst with $3,000,000,000,000: A testament to rapid growth

Hindustan Times  

When Apple reached another milestone earlier this week, breaching the $3 trillion market cap, albeit briefly, it was very much a sign of things to come. “Anniversaries are arbitrary; market cap is functionally meaningless; but it’s breathtaking to look back on all we’ve done,” wrote longtime Apple employee Chris Espinosa, in a tweet. The milestone of a $3 trillion market …

Analysis | Is Apple worth $3 trillion? Bulls, bears examine the case
3 years ago

Analysis | Is Apple worth $3 trillion? Bulls, bears examine the case

The Hindu  

Is Apple Inc really worth $3 trillion 16 months after becoming the first company valued at $2 trillion? The deep discount investors once ascribed to Apple's stock because of its dependence on the iPhone for sales growth has disappeared as Apple has proved that the device sits at the centre of an expanding solar system that adds new gadgets like …

Apple becomes first company to hit $3 trillion market value, then slips
3 years ago

Apple becomes first company to hit $3 trillion market value, then slips

The Hindu  

Apple Inc. on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, …

Apple doubled business in India in fiscal 2021
3 years, 2 months ago

Apple doubled business in India in fiscal 2021

The Hindu  

Technology major Apple doubled its business in India during the fiscal 2021, its chief executive officer Tim Cook has said. We are optimistic about the future, especially as we see strong demand for our new products,” Mr Cook said during the company's fourth quarter earnings conference call on October 28. The company’s CFO Luca Maestri added, “We also reached new …

Apple doubled its business in India, CEO Tim Cook says nearly one-third of the revenue from emerging markets
3 years, 2 months ago

Apple doubled its business in India, CEO Tim Cook says nearly one-third of the revenue from emerging markets

India Today  

During the September quarter earnings call, Apple confirmed that it had a record quarter with $83.4 billion in revenue, which was up 29 per cent year over year. In terms of the Indian market, CEO Tim Cook, during the earnings call, confirmed that Apple doubled its business in India. "Apple set quarterly records in every geographic segment with strong double-digit …

Apple’s strong quarter suffers $6B blow from supply shortage
3 years, 2 months ago

Apple’s strong quarter suffers $6B blow from supply shortage

Associated Press  

SAN RAMON, Calif. — Apple’s iPhone sales soared yet again in the past quarter, but didn’t grow as rapidly as analysts anticipated because of supply shortages that have made it more difficult to meet the demand for a wide range of products. As usual, the iPhone remained Apple’s financial engine, with sales of the device rising 47% from last year …

Microsoft nearly overtakes Apple as most valuable company
3 years, 2 months ago

Microsoft nearly overtakes Apple as most valuable company

The Hindu  

A surge in Microsoft Corp's shares nearly unseated Apple Inc as the world's most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results. Fuelled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's market capitalisation to $2.426 trillion, just short of …

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