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Apple’s smartphone sales tumbled a stunning 10% last quarter, according to market research firm IDC. The main cause: iPhone sales in China fell sharply.
AAPL PE Ratio (Forward) data by YCharts. Part of Apple's expansion in P/E is due to changes in its business composition over the years. Services have come to dominate the Apple story, and high ...
Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce ...
In a bright spot, Apple's iPhone sales climbed 3% to $43.8 billion — a sign the company's latest models are being well received heading into the holiday shopping season.
The decline was steeper in China - its third-largest market - where Apple's share fell by 10 percentage points to 17%, the data showed. ... which included only a few days of new iPhone sales ...
Vogt explained that U.S. iPhone sales to end customers (called sell-through) fell almost 13% from a year ago in November, while China sales were down 6% over the same period.
In other words, the company strategically reduced the number of iPhones it shipped to suppliers in Greater China, meaning that, on the whole, the decline in China iPhone sales wasn’t necessarily ...
Jefferies forecasts that iPhone revenue will decline 0.4% year over year for the first quarter, while total Apple sales will grow 2.8%, lower than the firm’s prior estimate of 4.6%.