Apple tops forecasts as pivot to services shows progress - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

California-based Apple reported a 16% drop in profits in the just-ended quarter to $11.6 billion, as overall revenues dipped 5% to $58 billion.

Apple has been scrambling to develop new revenue streams amid stagnant growth and increased competition in the smartphone market, which has been the company’s main profit driver. A total of 310.8 million smartphones were shipped globally during the first three months of this year in a 6.6% decline from the same period in 2018, preliminary IDC data showed. It was the sixth consecutive quarter of decline for global smartphone shipments.

South Korean consumer electronics behemoth Samsung saw smartphone shipments drop 8.1 percent to 71.9 million in the first quarter.

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China's vast investment in Africa hits a snag in Congo - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. Hopefully it's not cancer causing factories they're investigating
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Huawei jumps ahead of Apple in tough smartphone marketIt was the sixth consecutive quarter of decline for global smartphone shipments, the market tracker added. Wait till Mobicell rises I love Huawei it have that thing🔥🔥🔥🔥 That's why the west doing everything in their power to end Huawei
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Huawei jumps ahead of Apple in tough smartphone marketIt was the sixth consecutive quarter of decline for global smartphone shipments, the market tracker added. iPhone wil always b on top n Samsung behind lastly huwaii/Huawei wher it belongs... Yet Apple market cap keeps increasing. I wonder why 🤔🤔 We did it for them.
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