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Apple Crushes Wall Street Expectations as IPhone Sales Soar
Apple faces regulatory rulings in Europe that threaten to undermine its lucrative App Store business. Apple said sales from its services business, which includes the App Store as well as music and cloud storage, were $27.42 billion, topping analyst expectations of $26.8 billion.
Apple revenues surge on strong iPhone sales and rebound in China
Apple’s sales in China have also suffered from competition from local handset makers such as Huawei and Xiaomi. However, revenue from China increased 4 per cent in the quarter from a year ago, hitting $15.4bn and bucking a trend of quarterly declines.
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Apple will report fiscal third-quarter results after the closing bell Thursday. Analysts are looking for updates on AI ...
Long seen as the safest Big Tech bet, Apple is heading into Thursday's earnings with its business facing pressure from U.S.
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