Apple’s iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers

Apple’s iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers

ByNews Polite

Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3 percent…

iPhone Sales Help Apple Beat Q4 Estimates, Holiday Forecast Disappoints Amid Weak iPad, Wearables Demand

iPhone Sales Help Apple Beat Q4 Estimates, Holiday Forecast Disappoints Amid Weak iPad, Wearables Demand

ByNews Polite

Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3 percent in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well in…

Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season

Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season

ByNews Polite

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season. The company’s sales of $117 billion (roughly Rs. 9,61,775 crore) for the October-December period represented a 5 percent decline from…