Apple Betting on Future Products as Sales Continue to Slump

Apple Betting on Future Products , as Sales Continue to Slump.
'The Independent' reports that Apple
has warned that the company's sales have
fallen and are expected to continue falling.
However, the company's long-term investment
in services has offset the decline in sales of
products, including the iPhone and iPad.
Apple's prediction of sales
continuing to fall for the fourth quarter
in a row sent shares tumbling about 2%. .
'The Independent' reports that Apple has yet to get its
latest big product into the hands of consumers after
announcing the Vision-Pro mixed-reality headset in June.
'The Independent' reports that Apple has yet to get its
latest big product into the hands of consumers after
announcing the Vision-Pro mixed-reality headset in June.
According to Apple, sales for the third quarter
fell 1.4% to reach $81.8 billion, while
earnings per share increased 5% to hit $1.26. .
Based on IBES data from Refinitiv,
the end results exceeded analyst expectations
of $81.69 billion and $1.19 per share.
Weak iPhone sales were offset by not only by the
company's services sector which includes Apple TV+, but
also sales in China which grew 8% compared to last year. .
There is a real concern about
when volume picks up and what
the horizon is for iPhone sales growth, Daniel Newman, Chief executive and principal analyst at research firm Futurum Group, via 'The Independent'.
'The Independent' reports that Apple has already invested
$22.61 billion in research and development in 2023,
more than $3 billion more than at the same time in 2022.
We’ve been doing research across
a wide range of AI technologies,
including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.
We’ve been doing research across
a wide range of AI technologies,
including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.
We’re going to continue investing and
innovating and responsibly advancing
our products with these technologies
to help enrich people’s lives, Tim Cook, Apple Chief Executive Officer, via Reuters