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FirstFT: Apple beats expectations
Also in today’s newsletter, Apollo and Sony team up for Paramount bid and Turkey cuts trade ties with IsraelFinancial Times - World - Apple -
Apple iPhone sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.BBC News - Top stories - Apple -
Apple Buys Itself Some Time for an AI Boost
Raised share buybacks helped buttress weak iPhone sales, but Apple will need to make its own AI play clear soon.The Wall Street Journal - World - Apple -
iPhone's Steady Evolution Is Costing Apple in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
Apple Is Buffett's Best Investment. It's Also Now One of His Riskiest.
The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake is worrying some Berkshire shareholders.The Wall Street Journal - World - Apple -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Tim Cook’s 3-Word Response to a Question About Apple’s AI Plans Is the Best I’ve Heard Yet
On the company's earnings call, Apple's CEO explained why it sees AI as a "very key opportunity."Inc. - Business -
Markets set for May rally with Apple results the catalyst — based on this 74-year trend
The S&P 500 has generated median returns of 1.1% in the average May since 1950 versus just 0.4% in April.MarketWatch - Business -
Apple's revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.
Apple’s revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone rivals in China.The Wall Street Journal - World