Apple’s latest iPhone 14 Plus is reportedly underperforming compared to the company’s expectations, but new data suggests that the device is still outselling its predecessor, the iPhone 13 mini. The news comes from a recent report by analysts at Display Supply Chain Consultants, which surveyed supply chain data for iPhone panel shipments over the last…
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After years of delays, Apple is finally set to open its first flagship store in India. According to a recent report from the Economic Times, the company is on track to open its Mumbai store in April. The store will be located in the Jio World Drive mall and will span over 22,000 square feet.…
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Apple’s major supplier, Foxconn, has reported a 10% drop in profits for the latest quarter compared to the previous year, according to an earnings call led by the company’s chair, Liu Young-way from Reuters. The decline was attributed to inflation and a slowing global economy. While the company expects significant growth in most areas, it…
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Apple has managed to avoid layoffs during the pandemic, unlike many other tech companies that have had to cut thousands of jobs to reign in spending. A recent report from Bloomberg highlights what Apple did differently to weather the challenging macro environment. Apple only increased its staff by 20% compared to companies like Amazon and…
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Apple Services, a division of the tech giant responsible for services such as iCloud, Apple Music, Apple TV+, Apple Arcade, Fitness+, and others, is generating more revenue than some of the biggest companies in the US, according to Finbold. With $79.4 billion in revenue in 2022, the division has outperformed companies such as Boeing ($66.6…
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Apple has started selling refurbished iPad mini 6 and M1 iPad Pro in its US online store for the first time, offering customers the chance to buy these products at a more affordable price compared to the official prices of brand-new devices. The refurbished iPad mini 6 starts at $499 for the 64GB Wi-Fi model,…
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Apple is reportedly taking steps to boost declining sales in China by lowering the prices of the iPhone 14 Pro and iPhone 14 Pro Max. According to a recent Bloomberg report, online retailers such as JD.com have reduced the prices of these high-end iPhone models by 800 yuan ($118) in recent days. Meanwhile, retailers in…
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Apple has revealed its financial results for the first quarter of fiscal 2023, reporting quarterly revenue of $117.2 billion, a 5% decrease compared to the previous year. This marks Apple’s first year-over-year sales decline since 2019, following widespread stock shortages during the holiday shopping season. The Q1 2023 results also showed a drop in Apple’s…
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According to a recent press release from the International Data Corporation (IDC), the smartphone market, including Apple, experienced its largest decline in a single quarter following the holiday season of 2022. The IDC estimates that Apple shipped 72.3 million iPhones in the December quarter of 2022, compared to 85 million from the previous year, a…