Apple Drop In Revenue
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics
iPhone assembler Foxconn on Monday reported that its Q2 net profits have dropped by one percent, amid a decline in consumer demand. The net profit for the April-June quarter slipped to T$33 billion (roughly Rs. XXX crore), according to the Apple supplier. Foxconn said it expects revenue for smart consumer electronics to see a year-on-year decline i...
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iPhone Sales Declined in Q2 2023 as Services Revenue Saw Record Growth With 1 Billion Subscriptions
Apple shares dropped about 2 percent after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve in the four...
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Apple to Likely See iPhone Sales Dip, Could Record 1.6 Percent Drop in Total Quarterly Revenue
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. It may also report a likely 1.6 percent drop in total quarterly revenue.
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Apple Supplier Foxconn’s Sales Drop 9.5 Percent YoY Due to Low Global Smart Electronics Consumption
Taiwan's Foxconn said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. 1,21,300 crore), in line with its expectations, though it was up 5 perc...
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iPhone Assembler Foxconn's April Sales Fall 12 Percent On Slow Smartphone Business
Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77 percent year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter.
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Apple Likely to Report 4 Percent Drop in Quarterly Revenue Despite Recovery in China
Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.
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TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
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'That’s the Reason Why We’re Investing There,’ Apple CEO Tim Cook Reveals ‘Bullish’ India Approach
Apple CEO Tim Cook, in an earnings call, said he was “very bullish on India” and called the country a “major focus” for the tech giant. Apple on Thursday reported revenue of $117.2 billion for the December quarter. The $117.2 billion revenue was down 5 per cent year-over-year, from nearly $124 billion in December 2021 “as a result of a ch...
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Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season
Apple posted its first quarterly drop in revenue since 2016, after weak iPhone sales during the recent holiday season caused by pandemic-related restrictions on its factories in China. Unlike its peers in technology, Apple hasn’t signaled any intention to resort to mass layoffs, despite the quarterly downturn.
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iPhone Maker Foxconn Says Output at Largest China Plant Recovering Despite Revenue Drop
Foxconn said on Thursday that output at its iPhone manufacturing plant for iPhones at Zhengzhou in China had "basically returned to normal". The iPhone assembler also revealed that the company's December revenue was down 12.3 percent year-on-year, and the announcement comes months after it was hit by disruptions at the factory over workers' wages a...
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Meta Heads For First-Ever Revenue Drop; Bets Big On TikTok-Style Videos
Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data.
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iPhone 14 Development Reportedly Delayed Due to China Lockdowns; 14 Pro Likely to Sport Always On Display
The iPhone 14 lineup's development has been reportedly delayed due to Covid-related lockdowns in China. Also, the iPhone 14 Pro is tipped to offer the Always On Display feature.
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Netflix Says It Laid Off 2 Percent Staff Due to Slowing Revenue Growth, Loss of Subscribers
Netflix says it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. About 150 employees have been laid off, most of them in the United States, and Netflix will also cut spending on contractors.
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Netflix Faces Huge Subscriber Loss, May Offer Cheaper Ad-Supported Plans, Limits Password Sharing
Netflix revealed that it has lost more than 200,000 subscribers in the first quarter of 2022. This is the first time the streaming service has lost subscribers in more than a decade. Netflix may offer a new cheaper plan with advertising to boost subscriber growth.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics
iPhone assembler Foxconn on Monday reported that its Q2 net profits have dropped by one percent, amid a decline in consumer demand. The net profit for the April-June quarter slipped to T$33 billion (roughly Rs. XXX crore), according to the Apple supplier. Foxconn said it expects revenue for smart consumer electronics to see a year-on-year decline i...
-
iPhone Sales Declined in Q2 2023 as Services Revenue Saw Record Growth With 1 Billion Subscriptions
Apple shares dropped about 2 percent after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve in the four...
-
Apple to Likely See iPhone Sales Dip, Could Record 1.6 Percent Drop in Total Quarterly Revenue
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. It may also report a likely 1.6 percent drop in total quarterly revenue.
-
Apple Supplier Foxconn’s Sales Drop 9.5 Percent YoY Due to Low Global Smart Electronics Consumption
Taiwan's Foxconn said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. 1,21,300 crore), in line with its expectations, though it was up 5 perc...
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iPhone Assembler Foxconn's April Sales Fall 12 Percent On Slow Smartphone Business
Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77 percent year-on-year due to weakness in smart consumer electronics, and expected business to drop this quarter.
-
Apple Likely to Report 4 Percent Drop in Quarterly Revenue Despite Recovery in China
Apple will likely report a more than 4 percent drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.
-
TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
-
'That’s the Reason Why We’re Investing There,’ Apple CEO Tim Cook Reveals ‘Bullish’ India Approach
Apple CEO Tim Cook, in an earnings call, said he was “very bullish on India” and called the country a “major focus” for the tech giant. Apple on Thursday reported revenue of $117.2 billion for the December quarter. The $117.2 billion revenue was down 5 per cent year-over-year, from nearly $124 billion in December 2021 “as a result of a ch...
-
Apple Posts First Quarterly Revenue Drop Since 2016 Amid Weak iPhone Sales During Holiday Season
Apple posted its first quarterly drop in revenue since 2016, after weak iPhone sales during the recent holiday season caused by pandemic-related restrictions on its factories in China. Unlike its peers in technology, Apple hasn’t signaled any intention to resort to mass layoffs, despite the quarterly downturn.
-
iPhone Maker Foxconn Says Output at Largest China Plant Recovering Despite Revenue Drop
Foxconn said on Thursday that output at its iPhone manufacturing plant for iPhones at Zhengzhou in China had "basically returned to normal". The iPhone assembler also revealed that the company's December revenue was down 12.3 percent year-on-year, and the announcement comes months after it was hit by disruptions at the factory over workers' wages a...
-
Meta Heads For First-Ever Revenue Drop; Bets Big On TikTok-Style Videos
Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data.
-
iPhone 14 Development Reportedly Delayed Due to China Lockdowns; 14 Pro Likely to Sport Always On Display
The iPhone 14 lineup's development has been reportedly delayed due to Covid-related lockdowns in China. Also, the iPhone 14 Pro is tipped to offer the Always On Display feature.
-
Netflix Says It Laid Off 2 Percent Staff Due to Slowing Revenue Growth, Loss of Subscribers
Netflix says it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. About 150 employees have been laid off, most of them in the United States, and Netflix will also cut spending on contractors.
-
Netflix Faces Huge Subscriber Loss, May Offer Cheaper Ad-Supported Plans, Limits Password Sharing
Netflix revealed that it has lost more than 200,000 subscribers in the first quarter of 2022. This is the first time the streaming service has lost subscribers in more than a decade. Netflix may offer a new cheaper plan with advertising to boost subscriber growth.
