Apple earnings see 10% iPhone sales drop, massive buyback fuels stock jump
Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. The slowdown was fueled, in part, by an 8% drop in China. Apple’s slow adoption of AI versus competitors like Google and Microsoft likely played a role in consumers’ decision to hold […] © 2024 TechCrunch. All rights reserved. For personal use only.
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Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. The slowdown was fueled, in part, by an 8% drop in China. Apple’s slow adoption of AI versus competitors like Google and Microsoft likely played a role in consumers’ decision to hold […]
© 2024 TechCrunch. All rights reserved. For personal use only.
