Apple’s weak iPhone sales drive first profit miss since 2016

Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Sales from each product category dropped, except for gains in services and iPads. Earnings per share were $1.88, Apple’s first miss of Wall Street’s profits expectations since 2016. Analysts had expected sales of $121.1 billion and … Read more

Apple Could Boost Profits by Designing Its Own iPhone Parts, Analyst Says

text size Evercore ISI analyst Amit Daryanani sees a potential profit boost from Apple bringing the design of more iPhone components in-house. Angela Weiss/AFP/Getty Images apple could get a substantial earnings boost if the company moves ahead on plans to bring production of additional iPhone components in-house, Evercore ISI analyst Amit Daryanani asserts in a … Read more

China’s Covid-19 outbreak could cripple iPhone production

There are concerns that the death toll in China could arise after the lifting of most ‘zero-Covid’ rules. Video / AP Apple’s business is under threat from a widespread coronavirus outbreak in China, with supply chain experts warning of a growing risk of months-long disruption to the production of iPhones. The US tech giant has … Read more

Apple earnings: What do the iPhone production reports really mean?

Apple Inc. executives said last quarter that they had yet to see economic pressures impact consumer demand for the iPhone, but investors are going to need more convincing this time around. The consumer-electronics giant continues to be dogged by reports that executives are hemming production of new iPhones ahead of Thursday’s fiscal fourth-quarter earnings report, … Read more