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Apple reports slumping iPhone sales as global demand weakens
iPhone sales fell 10% compared with the same time period last year, but the company still beat Wall Street’s expectations
Apple released its earnings report on Thursday, revealing a drop in overall revenue fueled by slackening iPhone sales.
Earnings exceeded market expectations, however, and Apple’s shares rose in after-hours trading. Tim Cook, Apple’s chief executive, said in a statement released before the call that “Apple is reporting revenue of $90.8bn for the March quarter, including an all-time revenue record in services”.
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Apple agrees to $35 million settlement with some iPhone 7 users
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.CBS News - Top stories - Apple -
Apple could owe you up to $349 in the iPhone 7 settlement. The deadline to register is coming up.
To qualify, you’ll need a piece of information from Apple.MarketWatch - Business - Apple -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
U.S. Dollar Index Seen at 104-105.50 Range in Coming Weeks
Barring any major shocks, the DXY dollar index is expected to trade in the 104-105.50 range over the coming weeks, Monex Europe said.The Wall Street Journal - World -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Government knew repayment demands left carers poorer
Yahoo News - World -
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.The New York Times - Business - China -
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.The New York Times - Top stories - China -
easyJet Expects Summer Demand to Boost Earnings; Replaces CEO
EasyJet said its CFO, Kenton Jarvis, will replace the departing CEO Johan Lundgren early next year as it reported a narrower loss in the first-half ahead of a busy summer season.The Wall Street Journal - Business
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French police shoot dead armed man who set fire to Rouen synagogue – Europe live
The attacker was carrying a knife and iron bar, according to local authorities. Chmouel Lubecki, a rabbi in Rouen, said today’s incident was “shocking.”. “It is important to light the candles of Shabbat to exactly show that we are not afraid,” he ...The Guardian - World -
Former teen models accuse magician David Copperfield of misconduct
Some allege harassment, one claims she was sexually assaulted. His lawyers deny the allegations. Revealed: Magician David Copperfield accused of sexual misconduct by multiple women‘I honest to God believe I was drugged’: magician David ...The Guardian - World -
Russia-Ukraine war live: Russian forces make further advances in Kharkiv; footage shows aftermath of Ukrainian drone attack
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