Month: August 2023

Speaking to The Wall Street Journal, Apple acknowledged an ongoing bug that affects its Screen Time feature, a parental control tool on iPhones and iPads, which allows children to bypass time limits and access potentially unsafe content without their knowledge.

Amazon.com surged over 9% on Friday on signs that both its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple’s 2.5% slide after gloomy iPhone sales.

The rest of Apple’s hardware portfolio wasn’t as resilient. Mac sales were down year over year with no major new products announced except for a refreshed Mac Studio and 15-inch MacBook Pro. Both of those came near the end of the quarter,

After Apple’s third consecutive quarter of declining revenue, some Wall Street analysts say its valuation is looking stretched.

Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.

Apple’s Q3 2023 earnings presented a mixed bag for the company, as iPhone revenue continued to slide and services grew.

Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device’s strong performance in China helping the company navigate a global decline in the smartphone market.