2024-08-02 05:50:09
Business
Technology

Apple Reports Record Revenue Driven by iPads and AI Features

Image courtesy of : AFP (GERARD JULIEN)

Apple has announced its record-breaking revenue for the June quarter, primarily due to strong sales of iPads and the success of AI features. However, China sales remain weak, impacting the overall iPhone business.

Apple's upcoming release of Apple Intelligence in October aims to boost iPhone sales with improved AI capabilities. Additionally, the App Store is facing regulatory pressure.

Meanwhile, Amazon also reported increased sales and profits for the second quarter, but fell short of market expectations. In international news, Russia and the West have conducted a major prisoner exchange, with Russia releasing IT criminals in return for prisoners held by the West.

Lastly, the EU has approved Hewlett Packard Enterprise's acquisition of Juniper Networks without any conditions, potentially creating a new leading player in the networking market.

Big Tech - South China Morning Post
2. August 2024 um 03:20

Apple revenue tops estimates even as China sales remain slow | South China Morning Post

Economy
Technology
Politics
Finance
Apple reported record revenue for June quarter, driven by new iPads and AI features. China sales weak, but services business grew. Upcoming Apple Intelligence release in October, revenue model unclear. App Store faces regulatory pressure.
n-tv.de
2. August 2024 um 00:57

Weak China sales: iPad helps Apple overcome iPhone decline - n-tv.de

Economy
Technology
Politics
Finance
Apple is seeing strong revenue despite a decline in iPhone sales in China; iPad sales are compensating for losses; Artificial intelligence as a beacon of hope, including an alliance with OpenAI for ChatGPT integration.
heise online
2. August 2024 um 04:15

Friday: Apple and Amazon with revenue growth, Russian IT criminals exchanged | heise online

Economy
Technology
Finance
Politics
Apple has released its quarterly figures. The company is growing mainly through services. The iPhone business is declining slightly due to weaker sales in China, but the iPad is enjoying a successful comeback. The new models this year are driving a strong increase in revenue in this area. Almost simultaneously, Amazon also presented its latest financial results. The world's largest online retailer is increasing its sales figures and earning more. Cloud business and advertising business continue..
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