SAN FRANCISCO: Apple 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 iPhone performance came as sales of smartphones continued to shrink globally in the recently-ended quarter as consumers watched spending, according to market tracker Counterpoint.Smartphone sales fell 8 percent, marking the ninth consecutive quarter of decline in year-over-year comparisons, according to research by Counterpoint’s Market Pulse service.
Cook said that Apple continued to face “an uneven macro-economic environment” in the quarter, including pressure from currency exchange rates. The number of Mac users is at an all-time high, and half of the people buying models during the recently ended quarter were new to Apple’s line of computers, according to Maestri.
During an earlier visit in March to Beijing, Cook said his company enjoyed a “symbiotic” relationship with China.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google, Lendlease end deals for San Francisco Bay projectsLendlease says it will be compensated for its work during the planning process for the projects.
Read more »
Lendlease, Google end development deals for US$15b San Francisco Bay Area projectsSAN FRANCISCO, Nov 3 — Lendlease Group and Alphabet’s Google are mutually ending development services deals for four master-planned districts worth US$15 billion (RM71...
Read more »
Apple sales lose ground, but iPhone growth strongSAN FRANCISCO: Apple on Thursday (Nov 2) reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose ...
Read more »
Apple sales lose ground, but iPhone growth strongSAN FRANCISCO, Nov 3 ― Apple yesterday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and...
Read more »
US lawmakers press Biden for plans on Chinese use of open chip technologySAN FRANCISCO, Nov 2 — A wider bipartisan group of US lawmakers is asking the Biden administration about its plans to respond to China’s rising use of RISC-V chip design...
Read more »
Teacher strike closes public schools in US’ PortlandSAN FRANCISCO: Portland Public Schools teachers on Wednesday launched a strike that has shuttered all of its 81 schools in the largest city of the US ...
Read more »