Category: NEWS

After four consecutive quarters of revenue decline, Apple broke the trend and reported its first period of revenue growth today. In its earnings report for the first quarter of the financial year of 2024,

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By Yelin Mo and Brenda Goh BEIJING, Feb 2 (Reuters) – 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.

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Chief executive Tim Cook credited iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, as the number of active Apple devices surpassed 2.2bn. Apple’s services business,

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Apple reported a revenue and profit beat for its first-quarter earnings results. But sales in China missed forecasts.

Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit.

Apple CEO Tim Cook said the company is investing in AI capabilities and will announce more details later this year.

That marks 2% revenue growth from 2022’s December quarter and 16% profit expansion, figures far more paltry than those just reported by rivals Microsoft (18% increase in sales, 33% jump in net income) and Google (13% rise in sales,

During Apple’s earnings call on Thursday, Apple CEO Tim Cook said that the company will make an AI announcement sometime in 2024. “As we look ahead, we will continue to invest in these and other technologies that shape our future.

Smashed iPhones are seen during COP28 in Dubai, United Arab Emirates on November 30, 2023. In 2019, Apple announced it would start sending some security researchers a “special” version of the iPhone designed to be used to find vulnerabilities,

Apple’s fourth quarter earnings revealed that there are more than 2.2 active devices across the product lineup, backed by solid customer perception and satisfaction.

The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales declines. But the performance still may not be enough to allay recent investor concerns about Apple’s ability to rebuild the momentum that established it as the most valuable U.

Apple on Thursday saw an upswing after four consecutive quarters of sales declines, as the iPhone maker posted a turnaround after grappling with slower device sales amid an uncertain economic environment.