EXPLAINED: 5 - The Real Truth

Apple shows that AI winners don't have to build the biggest models

A Fortune analysis looks at Apple's strategy of skipping the AI infrastructure arms race.

Fortune · Jul 31

Apple is running out of iPhones, company warns in latest results

Prices have already risen across products in response to chip crisis

The Independent UK · Jul 31

Apple posts record June quarter revenue of $109.4 billion; flags higher memory chip prices as pressure point

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and…

The Economic Times · Jul 31

Apple revenue, profits beat expectations on iPhone, Mac sales

Apple said sales for its fiscal ​third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% rise to $108.65 billion, ​according to LSEG data, and Apple's own forecast of 14% to 17% sales growth.

The Economic Times · Jul 31

Apple disappoints with forecast dogged by supply chain struggles

Apple anticipates slower sales growth this quarter due to supply chain issues. The company faces challenges in obtaining necessary parts for product delivery. This forecast led to a significant drop in Apple's stock value. Despite strong third-quarter results, future growth faces component shortages. Executives highlighted supply limitations rather than a…

The Economic Times · Jul 31

Tim Cook signs off on final Apple earnings call with warning of ‘100-year flood’ in memory chip pricing

The iPhone maker said severe constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

Fortune · Jul 31

'We reluctantly raised prices': Tim Cook weighs in on hikes as Apple reports $109 billion in revenue

Tim Cook discussed the recent Apple price hike during the company's Q3 Earnings call and more.

Tom’s Guide · Jul 30

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters

The Guardian - US · Jul 30

Europe Heatwaves Could Turn Into a 'Big Economic Challenge' as Wildfires Spread, Analysts Warn— Insurers Brace for Impact

France, Spain and Greece battled major wildfires as extreme heat, dry conditions and strong winds fueled blazes across Europe.

Benzinga · Jul 30

Apple Earnings Prediction Market Preview: What Will Tim Cook Say in His Last Call as CEO?

Apple Inc. (NASDAQ:AAPL) reports third-quarter earnings after the bell Thursday, with the call at 5 p.m. ET.

Benzinga · Jul 30