The global chip shortage is going from bad to worse with car makers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis.
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Apple on Wednesday posted sales and profits ahead of Wall Street expectations, fuelled by 5G iPhone upgrades but warned a global chip shortage could dent iPads and Mac sales.
Apple CEO Tim Cook made $125-million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus.
Apple generated less than half of its total quarterly revenue from sales of the iPhone for the first time since 2012 – a sign the company is entering life beyond its flagship product.
Apple CEO Tim Cook addressed succession at the company’s annual shareholder meeting on Tuesday, saying that eventually “passing the baton” properly is one of his most important roles. The company has a deep bench of
Apple reported falling iPhone sales, highlighting the need to deliver blockbuster new features in the next edition of the flagship device if the company is to fend off rivals like Samsung Electronics. Investor confidence has been mounting ahead
Earlier this month, Apple poached the chief of Amazon’s Fire TV unit to run its television operations. Timothy D Twerdhal brings hardware and content experience to his new gig, and his hiring suggests a renewed
Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed less than 1% to US$133,29 at the close Monday in
Apple attracted a swathe of new iPhone customers over the holiday period, auguring well for a more significant upgrade to its flagship product this year — and the services revenue that these devices are increasingly generating. Existing iPhone users upgraded
Apple reported quarterly revenue that topped analyst projections, fuelled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3,3% to US$78,4bn, with earnings of $3,36/share in the three months to 31