Apple profits top estimates even as competition dents China iPhone sales

Samsung profit misses estimates, falls sharply from previous quarter as costs rise

While fourth-quarter revenue and operating profit fell quarter on quarter, annual revenue reached the second-highest on record, Samsung said.

CNBC - 1h

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 - 3h

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 - 4h

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 - 4h

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 - 7h

Apple’s Revenue Increases 4 Percent Despite Slowing iPhone Sales

The tech giant’s sales of apps and services helped profit grow 7 percent from a year ago, even as the company contended with slumping sales in China.

The New York Times - 5h

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 - 5h

Apple iPhone sales dip despite AI rollout

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

BBC News - 5h

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 - 6h

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Starbucks said its same-store sales fell 4%, fueled by a 6% decline in visits to its stores.

CNBC - 2d

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

China's AI app shakes industry and dents America's swagger

The app spooked the markets as well as the bullish sense of American superiority in AI development.

BBC News - 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

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

Givaudan Reports Profit Rise, Expects to Exceed Five-Year Sales Target

The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.

The Wall Street Journal - 6d

Profits at Indian banks dented as RBI curbs retail loans

Bad loan provisions also grow after millions of households loaded up on debt during ‘exuberant’ period

Financial Times - Jan. 24

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

United Airlines' first-quarter outlook outpaces estimates after profits surge to end 2024

United topped analysts' estimates for fourth-quarter earnings and the airline's first-quarter outlook.

CNBC - Jan. 22

China’s navy commissions new frigate amid rising competition with the US and others

China has commissioned a new-generation frigate as competition rises with the U.S. and other regional powers, saying the ship will “play a vital role in enhancing the overall combat effectiveness" ...

ABC News - Jan. 22

Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.

The Wall Street Journal - 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 is accused of profiting from 'blood minerals'

The Democratic Republic of Congo says Apple is sourcing minerals from armed groups committing atrocities.

Financial Times - 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

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

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

Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

CNBC - Jan. 15

Goldman Sachs shares rise after topping estimates on strong trading results

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

CNBC - Jan. 15

Porsche China deliveries drop 28% as competition intensifies

Fall comes as consumers in world’s largest car market increasingly opt for domestic brands

Financial Times - Jan. 13

China corporate profits set for third year of declines

Oversupply drives intense competition that is undermining prices and profitability

Financial Times - Jan. 13

Stormers dent Sale's chances of qualification

Stormers cruise past Sale Sharks to claim a bonus-point victory and kickstart their Investec Champions Cup campaign in round three.

BBC News - Jan. 11

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

Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views

The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.

The Wall Street Journal - Jan. 10

Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

Fourth-quarter earnings hit by greater investments in advanced chip manufacturing

Financial Times - Jan. 8

Samsung Expects Further Profit Growth Slowdown, Missing Estimates

The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.

The Wall Street Journal - Jan. 7

Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up

Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.

CNBC - 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

Apple offers holiday discount in China as Huawei competition heats up

Apple is facing heightened competition from a resurgent Huawei and other domestic brands.

CNBC - Jan. 3

Brompton profits almost wiped out after lower UK and Europe sales

British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000

Financial Times - Jan. 2

Latest in Apple profits top estimates even as competition dents China iPhone sales

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