In a post on X, Wedbush's Dan Ives said Apple had "yet again proved the skeptics wrong as the upgrade cycle for iPhone 16 is ahead of iPhone 15 with March guidance much better tha
Apple’s December quarter earnings topped analyst expectations in an overall performance. However, sales in China posted the biggest year-on-year decline since the same quarter in 2023. View on euronew
San Francisco — Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses.
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Apple's iPhone sales in China reportedly took a tumble at the end of 2024, with a considerable reduction in sales putting it in a dead heat with homegrown Xiaomi.
Tech giant Apple could be hit hard if Donald Trump decides to unleash trade tariffs on China after the firm revealed a shock drop in iPhone sales in the Chinese market. Apple reported its total revenue from the Far Eastern nation registered £14.3 billion for the last financial year, an 11% decrease from the previous year.
When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis. Cook told analysts that over half of the decline was due to inventory issues.
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The U.S. tech giant's fourth-quarter iPhone sales fell 18% in the world's largest smartphone market.
The report estimated that smartphone shipments grew 1 per cent year-on-year in 2024, reaching 153 million units
Apple, as it ranked among the top five in Q4 2024, achieving record shipments in a single quarter and ending the year with the highest market value share,” Singh said.