Luca Maestri News

Apple's AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season. A decline in China sales during the fourth quarter also concerned some analysts and investors, helping send shares down 1.4% in after-hours trade, despite surprisingly large overall profit and revenue in that period. Chief Financial Officer Luca Maestri told analysts during a conference call that Apple expects overall revenue to «grow low to mid single digits» during its fiscal first quarter, which ends in December. Analysts had expected revenue growth of 6.65% to $127.53 billion during the quarter, according to LSEG data.

Subscribe to enjoy similar stories. New Delhi: Apple on Friday logged an estimated $3.75-4 billion in India revenue in July-September, its highest quarterly sales in the country and the 10th straight three-month period when the iPhone maker's quarterly revenue has been higher year-on-year in the world's fifth-largest economy. In July-September of 2023, Apple's India revenue was estimated at $2.5 billion.

Benzinga reported that Carol Surface’s position was specifically curated for her in the company which reflected the importance of HR in Apple’s Corporate Structure. Thus, her departure will create a new wave of executive changes at Apple while several other senior administrative position holders are also transitioning out of their roles.

Mint indicate that Apple's India revenues from the Mac portfolio grew 67% year-on-year (y-o-y) in the April-June quarter, and the number of units sold increased 33%. Plus, share of India revenue in global Mac sales rose to 3% in Q1 of FY25, from 1.8% in Q1 of FY24.

Apple said its third-quarter iPhone sales were better than expected and forecast more gains on Thursday as it bets on artificial intelligence to attract buyers, even as its overall China business disappointed. Shares of the company rose nearly 1% in extended trading, outperforming other tech stocks that were broadly lower. Apple is expected to launch this fall what analysts have called the biggest software upgrade for the iPhone. It includes artificial intelligence features and comes at a time when rivals such as Samsung have been quicker to roll out similar services.

Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market where consumers are continuing to buy premium products. Apple chief executive officer Tim Cook told analysts in its third quarter earnings call that Apple has set “quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.” The bullish performance by the iPhone maker is when smartphone shipments in India fell 2% year-on-year in the June quarter as per market tracker Counterpoint Research which attributed the decline to the heatwave, seasonal slump, and a sequential slowdown in demand from the March quarter before.

iPads, and Macs. This approach aligns with Apple's generative AI ambitions, an area where it is trailing competitors. The technology powering tools like ChatGPT has driven the AI surge, prompting Apple to speed up its own initiatives.

Hindustan Times reported. Also Read | Apple share price jumps 6% as Q2 earnings, forecast beat estimates; unveils record $110 billion share buyback Speaking about the Apple's iPhone manufacturing in India, Hindustan Times reported that Tim Cook emphasised the strategic importance of local production for maintaining competitiveness.

By Louis Juricic and Sarina Isaacs

Compared with its big tech peers inflated by artificial-intelligence hype, Apple seemed to have the lowest bar to clear in the current earnings season. The world’s most valuable company still didn’t quite make it. At the very least, Apple’s fiscal fourth-quarter results late Thursday indicate that its newest iPhones aren’t off to a raging start.

Apple chief executive Tim Cook said on Friday that the iPhone maker set a quarterly revenue record in India with a strong double-digit year-on-year growth in the July-September period, adding that the country is a major focus for Apple. The United States-headquartered company reported revenue of $89.5 billion for the quarter to September, down less than 1% year-on-year, with iPhone sales contributing $43.8 billion. Apple set record revenues for iPhones in India, among other emerging markets. Cook said iPhone revenue came in ahead of the company’s expectations, setting an “all-time record” in India, among quarterly records in other markets. “It’s (India) an incredibly exciting market for us, and a major focus of ours.

By Stephen Nellis and Yuvraj Malik

Apple is testing the limits of how much people will pay for premium iPhones as it tries to drive revenue despite slowing global demand for smartphones. The tech company is expected by analysts to raise prices by as much as $100 for some updated models of its flagship device when it unveils the iPhone 15 at an annual promotional event set for Tuesday. Those new iPhone Pro models are expected to include titanium casing, improved processors and photography features.

NEW DELHI : Apple Inc.’s chief executive Tim Cook on Thursday said that the company achieved “strong double digits" growth to report record revenue in India for the June quarter. “We also opened our first two retail stores during the quarter. And it’s, of course, early going currently, but they’re currently beating our expectations in terms of how they’re doing.

Investing.com — Apple (NASDAQ:AAPL) reported fiscal third-quarter results that topped estimates as strength in its services business helped offset iPhone sales that fell short of estimates.

Bitcoin (BTC) rallied on the back of the United States stock market’s 3.4% gains on Oct. 28, with the S&P 500 index rising to its highest level in 44 days. In addition, recently released data showed that inflation might be slowing down, which gave investors hope that the Federal Reserve might break its pattern of 75 basis-point rate hikes after its November meeting.

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Nasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple.