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Apple revenue tops US$100B for first time on iPhone sales

Apple revenue tops US$100B for first time on iPhone sales
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Apple Revenue Tops $100 Billion for First Time on iPhone Sales

Apple’s Cautious Outlook Overshadows $111 Billion Sales Haul Bloomberg 1/28/2021 Mark Gurman (Bloomberg) Apple Inc. shares slid 2.9% in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier. Overall, however, analysts saw the earnings report as a positive. RBC Capital Markets analyst Rober Muller wrote in a note that the market’s expectations were “elevated” coming into the numbers, but Apple “delivered on all fronts.”

Apple s Hardware Chief Leaves Post for Unnamed New Project

Apple’s Hardware Chief Leaves Post for Unnamed New Project Bloomberg 1/26/2021 Mark Gurman © Photographer: Justin Sullivan/Getty Images SAN JOSE, CALIFORNIA - JUNE 03: Apple chief design officer Jony Ive (L) uses an iPad to have an augmented reality view of the frame of the new Mac Pro as Apple senior VP of hardware engineering Dan Riccio (R) looks on during the 2019 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 03, 2019 in San Jose, California. The WWDC runs through June 7. (Photo by Justin Sullivan/Getty Images) (Bloomberg) Apple Inc. said top hardware executive Dan Riccio is stepping down from his role to lead a new project at the company and John Ternus, one of his top lieutenants, will replace him.

Apple Faces Suit Over iPhones That Wore Out Too Quickly

Apple Faces Suit Over iPhones That Wore Out Too Quickly Bloomberg 1/25/2021 Stephanie Bodoni © Bloomberg A lithium-ion battery is seen inside the rear case of an Apple Inc. iPhone 6 smartphone in an arranged photograph in Bangkok, Thailand, on Friday, Feb. 2, 2018. Apple Chief Executive Officer Tim Cook told shareholders on Feb. 13 at the company s annual meeting to expect higher dividends and stressed that succession planning is a priority. (Bloomberg) Apple Inc. faces an Italian class-action lawsuit seeking compensation for changes that allegedly cut short the battery life of older iPhones. Euroconsumers, an international consumer organization, said on Monday it filed the suit in Italy, following similar cases filed in Belgium and Spain concerning users of various iPhone 6 devices.

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