Apple Store

Apple profit ebbs as iPhone sales under pressure

Apple has said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.

The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year.

As expected, iPhone sales dropped with pressure growing from China and increased competition from Huawei.

Apple to appeal US watch ban

Apple said on Tuesday it will appeal a U.S. ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements.

The ban on Apple's latest smartwatch models came into effect Tuesday, with the Apple Watch Series 9 and Apple Watch Ultra 2 no longer available in stores or online.

Amazon and Apple beat earnings forecasts

Amazon and Apple have reported earnings that topped market expectations, aiming for even better days ahead with the help of artificial intelligence (AI).

"Inside Amazon, every one of our teams is working on building generative AI applications that reinvent and enhance their customers' experience," chief executive Andy Jassy said during an earnings call.

At Apple, rare dissent over a new product: Interactive goggles

SAN FRANCISCO - When Apple held a corporate retreat in California's Carmel Valley about five years ago to discuss its next major product, Jony Ive, its longtime design chief, captivated a room of the company's 100 top executives with a concept video as polished as an Apple commercial.

Apple enjoys ‘symbiotic’ relationship with China, Cook says

Apple enjoys a "symbiotic" relationship with China, CEO Tim Cook said on March 25, as the iPhone giant looks to move production out of the country.

Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education.

Pages