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Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain ...
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.
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).
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]
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 launched a buy now, pay later service called 'Apple Pay Later' for its Apple Wallet users in 2023. The program allows its users to apply for loans between $50 and $1,000 to make online or in-app purchases, and then repaying them through four installments spread over six weeks without any interest or fees.
The measure passed Friday during Apple's annual meeting is nonbinding, so the Cupertino, California, company isn't required to adopt the recommendation. CEO Tim Cook reiterated that belief Friday ...
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.