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Apple profit ebbs as iPhone sales under pressure
As expected, iPhone sales dropped with pressure growing from China and increased competition from Huawei.
In this photo illustration icons are being displayed on a mobile phone in front of the Apple logo displayed on a computer screen in Ankara, Turkiye on April 25, 2024. Ismail Kaplan / Anadolu (Photo by Ismail Kaplan / ANADOLU / Anadolu via AFP)
By: NewVision Reporter, Journalists @NewVision
Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.
The iPhone maker reported a profit of $23.6