Tag: Apple

BUSINESS

Apple Sales In A Spot Of Bother

Apple sales have dipped again in the fourth quarter of 2023, despite a record revenue for iPhone and Services. This is the fourth consecutive quarter of year-over-year sales declines for the tech giant, as it faces challenges from supply chain issues, economic uncertainties, inflation, and slower device sales. According to press reports, Apple reported a revenue of $89.5 billion for […]

BUSINESS

Spain Antitrust Watchdog Puts Amazon And Apple In A Spot Of Bother 

Spain’s antitrust regulator has imposed fines worth a total of 218 million dollars on Amazon and Apple for colluding to restrict competition on the Amazon website in Spain.  CNMC says the two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in […]

BUSINESS

Apple’s Market Value Passes $3 Trillion Mark

Apple on Friday became the first publicly traded company to have a market value of $3 trillion or more at the close of Wall Street’s trading day. The American multinational technology company headquartered in Cupertino, California on Friday became the first publicly traded company to have a market value of $3 trillion or more at the close of Wall Street’s […]

BUSINESS

Apple Sees Biggest Drop In Sales Since 2019

Apple sales dropped at the end of 2022 as shoppers squeezed by the rising cost of living cut back on their purchases. Sales at the iPhone giant fell 5 percent in the three months to December compared with the same period in 2021. It was the biggest decline since 2019 and worse than expected. The update came as many firms […]

BUSINESS

Apple Set To Cut iPhone 14 Production

Tech manufacturer Apple is cutting down on making more of the iPhone 14 because of low demand. According to a Bloomberg report, the company won’t increase production by six million units in the second half of this year.  It will instead produce about 90 million units – which is about the same as last year. iPhone 14 went on sale […]

BUSINESS

Apple Loses Its Bite

Apple Inc., the multinational technology giant, ceded its position as the world’s most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed its number one position for the first time in almost two years. Investors have been selling shares in technology firms as they move into what they see as less […]

BUSINESS

Apple Set To Discontinue iPod Touch

Apple has announced it is discontinuing its original music player, the iPod Touch.  The firm says it will remain available to buy while stocks last. It was last updated in 2019. The iconic MP3 player was launched in 2001 and could up to store 1,000 tracks.  It was designed by Tony Fadell, who later invented the iPhone. Support The Readers […]

BUSINESS

Apple Is Ripe For The Pick

Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark at the beginning of the week, making it the first publicly traded company in history to hit such a market valuation. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its […]

BUSINESS

Will Apple Go Crypto?

Apple’s CEO Tim Cook is talking cryptocurrency, but will the head of the tech giant lead his company into the crypto world? He has said in prior reports that he personally owns cryptocurrency. However, he suggested that any foray of Apple into that area would be from a technology perspective, but not from a treasury decision. “It’s something we are […]

BUSINESS

Tech Giants Rake In Massive Profits

Tech giants have seen a massive increase in profits following consumers’ appetite for new digits, cloud services, and games. Apple’s profits nearly doubled to US$21.7 billion in the three months to June 30 as customers bought pricier 5G iPhones. Microsoft saw a $16.5 billion profit – up 47% year-on-year, due to demand for cloud services and games. Google’s parent company, Alphabet, […]