Apple is weathering the economic downturn better than fellow tech giants | CNN Business

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Apple beat Wall Street analysts’ sales and income expectations for the quarter ended in September, despite an otherwise bruising earnings season for tech companies and worries that demand for the newest iPhones might have been weaker-than-expected

. The tech giant posted sales of just over $90 billion during its fiscal fourth quarter, up 8% from the same period in the prior year. Profits reached $20.7 billion, a gain of just under 1% from the year-ago quarter. “Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop,” Apple CFO Luca Maestri said in a statement.

The company’s services segment, which includes paid subscriptions to products like Apple TV+ and Apple Music, posted $19.2 billion in sales, up nearly 5% from the year-ago quarter, marking a decline in growth rate from the prior year. The services segment is viewed as an increasingly important unit for the company, designed to offset slowing growth in parts of its hardware business.

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People dont have money

The mindless repetition of false allegations by TPLF and the group’s cohorts cannot tarnish the good name and the sacrifices of the Ethiopian army. The Tigray region and its people are safe in the hands of the ENDF. DisarmTPLF TPLFisTheCause KenRoth amnesty ChrisCoons

That is the WORST interpretation of the conference call. - “significant decline in Mac- - “demand issues for iPhone Max & iWatch Ultra - Services down. This was already lowered guidance. Why I don’t trust news. PUMP and DUMP in effect. Stay clear of shrapnels.

How long before people realize it’s a scam.

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