Apple’s Revenue Increases 4 Percent Despite Slowing iPhone Sales

How Apple pulled off a major feat that offset its big China miss on iPhones

The real star of the show was Apple’s services business, with revenue growth of 14% and gross margins of 75%.

MarketWatch - 9h

Cook points to 'fiscal stimulus' after Apple suffers steepest China sales decline in a year

China is "the most competitive market in the world," Cook told analysts on Thursday.

CNBC - 10h

Apple's iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech ...

ABC News - 12h

Apple profits top estimates even as competition dents China iPhone sales

Silicon Valley group says there are signs rollout of AI features will boost handset demand

Financial Times - 10h

Apple shares rise 3% as boost in services revenue overshadows iPhone miss

Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.

CNBC - 11h

Apple iPhone sales dip despite AI rollout

The company's signature phone has been updated with artificial intelligence, but sales are down.

BBC News - 11h

Apple reports sagging iPhone sales in China as first-quarter earnings barely beat Wall Street’s expectations

Investors pay close attention to tech company’s foray into AI after Apple Intelligence’s glitches and inaccuracies. Apple slightly beat analysts’ expectations in its first-quarter earnings for ...

The Guardian - 12h

US economy grew 2.8 percent in 2024, but slowed to end year

Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy heads into uncertain territory. Gross domestic product (GDP) growth slowed ...

The Hill - 19h

U.S. Economy Grew 2.3 Percent in Fourth Quarter

Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

The New York Times - 19h

Zuckerberg says Meta won't slow down AI spend despite DeepSeek's breakthrough

Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won't likely curb Meta's AI spending.

CNBC - 1d

The people have spoken: PGA Tour looks to increase fan experience and reduce slow play

As part of a wave of new initiatives designed to improve the fan experience, the PGA Tour is poised to crack down on slow play in a major way.

Yahoo Sports - 1d

Tesla earnings miss Wall Street expectations despite record sales

Tesla has been losing market share in several countries as growing competitors offer customers alternatives.

CBS News - 1d

Latest iPhone update enables Apple Intelligence automatically: How to turn it off

The latest Apple update is bringing AI to your phone — whether you want it or not.

The Hill - 2d

Mobile gaming revenue is up despite shifts in market trends | Sensor Tower

Sensor Tower's most recent report shows the upward revenue movement in mobile gaming in 2024 -- and the drop in downloads.

VentureBeat - 2d

How to Turn Off Apple Intelligence on an iPhone, iPad, or Mac

In iOS 18.3, Apple Intelligence is now turned on by default. Here’s how to disable it.

Wired - 3d

Increase regulation of online sale of weight-loss jabs, pharmacists say

Current rules leave door open for medicines to be supplied without appropriate patient consultation, association says. Pharmacies are demanding tougher regulation of the online sale of weight-loss ...

The Guardian - 4d

How to Use Stolen Device Protection on Apple’s iPhone

Whether you’re worried about a new iPhone or the Apple smartphone you’ve had for ages, activating Stolen Device Protection can limit what thieves can access.

Wired - 4d

Gaming comedy Mythic Quest Season 4 debuts on January 29 on Apple TV+

Season 4 of a TV show is not something I write about very often, given my focus is video games. But Season 4 of Mythic Quest is another matter.

VentureBeat - 6d

FirstFT: US oil output growth to slow despite Trump’s ‘drill, baby, drill’ plan

Also in today’s newsletter, OpenAI in talks to split and the Sackler family agrees $7.4bn opioid settlement

Financial Times - 6d

Here’s Why Apple’s iPhone Market Share in China Is Plunging

CEO Tim Cook has had over a decade to come up with a new growth engine for Apple and has not yet delivered.

Inc. - Jan. 23

Apple's $1B Deal Poised to End Indonesia iPhone 16 Ban, Officials Say

Yahoo News - Jan. 22

4 Things Apple Maps Does Better Than Google Maps

Apple’s platform for maps and directions, the perpetual runner-up to Google Maps, has improved markedly over the past few years. Here are the ways it currently bests its rival.

Wired - Jan. 21

Apple's Smartphone Sales Slump in China as Huawei Gains Market Share

The U.S. tech giant’s fourth-quarter iPhone sales fell 18% in the world’s largest smartphone market.

The Wall Street Journal - Jan. 21

Apple disables AI notifications for news in its beta iPhone software

An Apple spokesperson told CNBC that Apple was working on improvements to the software that are coming in a future update.

CNBC - Jan. 17

Apple slides on disappointing iPhone data in China. Here's why we're not panicking

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

CNBC - Jan. 16

Apple loses smartphone crown in China as Vivo and Huawei outsell iPhone

US tech giant faces competition on mainland as it struggles to introduce AI features on its flagship product

Financial Times - Jan. 16

Apple's market share slides in China as iPhone shipments decline, analyst Kuo says

Analyst Ming-Chi Kuo wrote in a post on Friday that Apple is losing market share in China due to declining iPhone shipments.

CNBC - Jan. 10

Global 2025 Growth Forecast at Modest 2.8 Percent

An annual United Nations report said the economic year ahead will feature stable, but subpar expansion.

Inc. - Jan. 10

Liverpool not for sale despite Elon Musk's interest; Fenway Sports Group reportedly dismisses 'rumors'

Fenway Sports Group, which owns Liverpool, sold a minority stake of the club in 2023

CBS Sports - Jan. 8

Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban

Minister says proposed AirTag factory would not help US tech giant meet local content rules on smartphone sales

Financial Times - Jan. 8

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.

CNBC - Jan. 7

Backbone One iPhone And Android Controller Is 50% Off

Backbone One Gen 2 Mobile Controller (USB-C) $50 (was ...

GameSpot - Jan. 6

Resident Evil 4 Remake Reaches Big New Sales Milestone

Capcom's Resident Evil 4 remake is a huge hit. The publisher has confirmed the 2023 game has sold 9 million copies, with some estimates stating this makes it the fastest-selling Resident Evil game ...

GameSpot - Jan. 6

Apple offers rare iPhone discounts in China as foreign smartphone sales drop

Apple Inc. has kicked off the new year with iPhone discounts in China, underlining the challenges facing the tech giant in one of the world’s most populous countries.

MarketWatch - Jan. 3

Foreign phone sales plunge 47% in China, spelling trouble for Apple

Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.

CNBC - Jan. 3

Are we slowing down yet?

People are worried about the economy

Financial Times - Jan. 3

Kweichow Moutai Expects to Meet Revenue Growth Target Despite China Market Woes

Chinese liquor giant Kweichow Moutai expects to meet its revenue growth target for 2024 despite subdued consumer sentiment and slumping wholesale prices in its home market.

The Wall Street Journal - Jan. 2

China stocks lead losses in Asia as manufacturing slows; Singapore annual GDP growth rises to 4%

China's Caixin/S&P Global manufacturing purchasing managers' index for December fell to 50.5, missing economists' estimates of 51.7 in a Reuters poll.

CNBC - Jan. 2

Apple’s Revenue Increases 4 Percent Despite Slowing iPhone Sales

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