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Business

Apple CEO Labels China ‘Most Competitive Market’ Amid Decline in iPhone Sales

Amidst a backdrop of lackluster quarterly results, Apple CEO Tim Cook has underscored China’s status as “the most competitive market in the world.” The tech giant reported a decline in revenue, largely attributed to weakening demand in China and heightened competition from Huawei. Notably, Apple’s revenue dropped by 4.3% to USD 90.75 billion, with iPhone […]

Business

The first quarter saw a roughly 13% reduction in Apple investment at Berkshire Hathaway, led by Warren Buffett.

In the latest move by Warren Buffett’s Berkshire Hathaway, the conglomerate has continued to downsize its once sizable stake in Apple, marking the second consecutive quarter of trimming. Despite this reduction, Apple remains Berkshire’s largest holding, a testament to its enduring significance in the portfolio. Buffett’s affinity for Apple dates back to years ago when […]

Technology

With a 10% decline in iPhone sales, Apple announces its largest-ever $110 billion share purchase

Apple’s recent earnings report presented a mix of news that sent ripples through the financial world. While the overall sales dipped, Apple’s earnings per share beat expectations, and the company announced an eye-popping $110 billion buyback program. This move, the largest in history, showcases Apple’s confidence in its future and aims to return value to […]

Technology

Analysts predict a sharp drop in Apple sales as they wait for AI in iPhones

Apple’s upcoming quarterly earnings report is poised to capture attention as the tech giant grapples with its most significant revenue decline in over a year. Despite its longstanding status as a Wall Street darling, Apple’s stock has underperformed compared to other tech giants, facing concerns over sluggish adoption of AI services and heightened competition, particularly […]