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Related Special Reports
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
...Apple’s global iPhone shipments declined 9.6 per cent in the first three months of 2024 compared with the same period in 2023, according to a report from the International Data Corporation....
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
...The International Trade Commission ruled in October that Apple was violating Masimo’s patents with the latest versions of its Watch, prompting the company to pull the devices from its online and physical...
...This has already hurt Apple’s sales in China, and tariffs may hit margins in the US before long. Legal trouble....
...Apple will stop selling its smartwatches through the company’s own US stores before Christmas after losing a patent infringement case, dealing it a blow during the holiday sales season....
...It casts further uncertainty over when sales of the two products — which were released in September — can resume, even as Apple faces concerns over the strength of its hardware sales....
...Its services business, which was supposed to be the salvation for Apple sales — growth has started to slow in that division. How do you think these play in?...
...Research, pointing to Apple’s decision to stop disclosing iPhone unit sales in 2018....
...Apple’s ebitda margin last year was 34 per cent. Tesla’s was 9 per cent. So was GM’s. Cutting costs is also a priority for Apple as sales growth slows....
...Last week Apple had pulled the latest models of its watch from its online and physical stores in the US in anticipation of the ban from the International Trade Commission taking effect....
...Sales in other countries are not affected by the ITC ruling....
...Cook’s visit comes amid tumbling sales in China, which contributed $21bn to Apple’s top line in the fourth quarter, or 17 per cent of sales....
...The ruling deals a blow to Apple, which is facing a slowdown in hardware sales this year....
...The sales of Apple stock, representing about 1 per cent of its overall holdings in the company, comes only a few years after Buffett in 2021 had lamented his previous decision to sell some of its position...
...It is pocket change when compared with Apple’s global sales, equal to about 2 per cent of last year’s annual free cash flow. Appeals mean the case will be in court for years....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...Apple chief executive Tim Cook credited iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, with the number of active Apple devices surpassing 2.2bn....
...Global smartphone sales have slowed in the last year. Apple is specifically struggling with a decline in sales for the devices in China that has left investors skittish....
...Data from research group Counterpoint shows that in the first six weeks of this year, Apple smartphone sales fell 24 per cent from a year earlier. Huawei sales, by contrast, were up 64 per cent....
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