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Apple updated its "risk factors" section in its latest 10-K filing. The tech giant warned about future product profitability and risks related to "geopolitical tensions" and AI features.
Apple on Thursday posted first-quarter revenue of $90.8 billion, ... 2023. - Kevin Frayer/Getty Images/File ... This marks the first earnings report since the launch of its biggest new product in ...
All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2023 [2] unless otherwise specified. As of 2023, Fortune lists Amazon (revenue of $513.98 billion), Jingdong ($155.53 billion), and Alibaba ($126.81 billion) in the retailing sector rather than the technology sector. [3]
This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
In May 2023, Apple reported a decline in its sales for the first quarter of 2023. Compared to that of 2022, revenue for 2023 fell by 3%. This is Apple's second consecutive quarter of sales decline. This fall is attributed to the slowing economy and consumers putting off purchases of iPads and computers due to increased pricing.
Apple declined to comment on the Bloomberg News report. It was not immediately clear how many employees Apple had in its services division. Apple cuts about 100 digital services jobs, Bloomberg ...
An Apple event was held on September 12, 2023, with the tagline "Wonderlust". It took place online with an in-person experience at Apple Park on September 12, 2023, at 10 a.m. PT. Apple announced Apple Watch Series 9, Apple Watch Series Ultra 2, iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max.
Apple shares were down as much as 3% in after-hours trading. The company's stock was down almost 16% year-to-date as of market close Thursday, just before reporting earnings.