News Formal

Apple results could mark weak finish to Big Tech earnings

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Apple, an industry outlier with no mass layoffs so far, is set to post its first ever revenue declines across product lines

, even as iPhone demand and production recovered in China after pandemic-driven disruptions last year.

Mac sales, which account for nearly a tenth of Apple’s revenue, likely fell by a quarter, while revenue from flagship iPhone is estimated to have declined by over 3%. “The reopening of China, both from the supply chain and the consumer demand standpoint, works in Apple’s favour,” said Tom Forte of D.A. Davidson, who expects iPhone sales there to rise.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With big tech reporting in the U.S. last week, how do Canadian technology companies look?With big tech reporting in the U.S. last week, how do Canadian technology companies…
Source: globeandmail - 🏆 5. / 92 Read more »