Apple Hits Record Revenue
7 articles from 6 countries
Apple achieved record third-quarter revenue of $109.4 billion despite global chip shortages, though it warned of potential price hikes. CEO Tim Cook also hinted at future fees for heavy users of the company's new AI features, while Apple seeks more DRAM suppliers.
Apple Hits Record Revenue Amid Chip Crisis, Signals Price Hikes
- Apple reported a record third-quarter revenue of $109.4 billion, exceeding expectations despite global chip shortages. - The company warned of significant supply chain constraints and rising costs in the coming quarters due to a global memory and component crisis. - Analysts predict a potential $200 price increase for the upcoming iPhone 18 series, while Apple's services revenue surpassed 1.5 bi…
Apple Stock Dips Despite Record Profits as Chip Costs Soar
- Apple reported strong quarterly results with 16% revenue growth to $109 billion and a record high gross margin of 50%. - Despite the positive financials, Apple's stock declined due to concerns about…
Apple CEO Hints at Future Fees for Heavy Users of iPhone AI Features
- Apple CEO Tim Cook hinted that heavy users of the company's new AI features may eventually need to pay for enhanced access. - While Apple Intelligence is initially free for users with compatible dev…
Apple Eyes More DRAM Suppliers, Reigniting China Memory Chip Speculation
- Apple CEO Tim Cook mentioned the need for more DRAM suppliers to ease memory price burdens. - This statement fueled speculation that Apple is considering China's CXMT as a fourth supplier. - U.S. po…
Apple faces chip shortage amid booming demand as CEO transition nears
- Apple is experiencing a surge in demand across all global regions, with record revenues reported. - The company's revenue hit nearly $109.4 billion in the April-June quarter, a 16% increase year-ove…
Apple's iPhone revenue grows over 20 percent
- Apple's iPhone revenue surged by nearly 22 percent to $54.25 billion in the past quarter. - The company's overall revenue increased by 16 percent to over $109.4 billion, with profits rising 27 perce…
Apple Reports Record Quarter Fueled by iPhone, but Forecasts Disappoint Amid Component Shortages
- Apple reported a record quarter driven by iPhone sales, but provided lower-than-expected forecasts for the current quarter. - Component shortages, exacerbated by the rise of AI, are expected to sign…
