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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.

The Apple Vision Pro offers some truly impressive entertainment and multitasking capabilities, but will it be worth $3,500? Here’s what we think after going hands-on.

Apple will report first-quarter earnings after the closing bell on Feb. 1. Investors will be watching iPhone sales and the launch of the Vision Pro.

The consensus view calls for Apple AAPL, -1.33% to have eked out positive growth in the all-important holiday period, with the average forecast calling for $118 billion in sales in aggregate, up 0.7% from the $117.2 billion that Apple posted a year before.

“Premiumization of the iPhone with price mix tailwinds along with tight cost management are helping Hardware margins,” JPMorgan said.

And with iPhones that don’t have Stolen Device Protection activated, a thief who had gained your passcode could do a lot of harm.

Apple’s upcoming iPhone update could be the “biggest” it has ever launched, a report has claimed. The company sees its new operating system, iOS 18, as “as one of the biggest iOS updates — if not the biggest” in its history,

Apple explained how iPhone sideloading will work in the EU, and I’m no longer worried about the proliferation of malware apps.

The iPhone 15, Apple’s latest iPhone installment, launched last September to a strong reception from consumers who sold out pre-orders of the phone.