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Apple sales lose ground, but iPhone growth strong

3Nov

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Technology

Apple sales lose ground, but iPhone growth strong

[ad_1] Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.The tech giant said it made a profit of $23 billion on revenue of $89.5 billion, which was down slightly from the same period last year. Apple chief executive Tim Cook said iPhone sales set a new record for its September quarter while money taken in from services hit an all-time high. The company brought in $43.8 billion from iPhone sales while its services unit selling products such as Apple Music and iCloud brought in $22.3 billion, up 16 percent from a year ago."We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup," Cook said in an earnings release.The iPhone ...

Leaked! Apple has a 32-Inch iMac; know when you can expect it

[ad_1] It has been revealed that Apple is testing larger iMacs! In fact, it has an iMac with a screen size of around 32 inches, according to Mark Gurman from Bloomberg. Gurman mentioned, in his latest Power On newsletter, that these new iMacs are still in the early stages of development, so we shouldn't expect them to be available until late 2024 or maybe even sometime in 2025, MacRumors reported. Apple's experimentation with larger iMacsPreviously, Gurman mentioned that Apple was working on a bigger iMac with a display larger than 30 inches. Now he's specified that the display will be around 32 inches, which is similar to Apple's high-end Pro Display XDR monitor. The Pro Display XDR was released in December 2019 and offers high-quality visuals with a 6K resolution, starting at $4,999. ...

Apple’s Huge Buybacks Matter as Much to Investors as iPhones and Macs

[ad_1] One of the most important numbers in Apple Inc.'s upcoming earnings report has nothing to do with iPhones or Mac computers. It's the amount of money the technology giant plans to spend repurchasing its own shares.Speculating on the size of the outlay has become a sort of annual parlor game on Wall Street as Apple's capital return plans have emerged as one of the big draws for investors amid slowing revenue growth and economic uncertainty. For the year ahead, some analysts expect the Cupertino, California-based company to commit $90 billion to repurchases, the same as last year. Apple has historically reported its buyback plans in its fiscal second-quarter results, which are slated for May 4. For investors, the firm's buybacks have come to act as “a sign of their confidence in the...