Tag: profit

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Apple announces $33.9 billion profit on $119.6 billion in revenue for Q1 2024 results

You can’t sneeze at a quarterly profit of $33.9 billion. Apple on Thursday announced its Q1 quarterly results, which correspond to the fourth quarter of 2023. During the announcement, the company posted revenue of $119.6 billion and net quarterly profit of $33.9 billion, or $2.18 per diluted share, compared to revenue of $117.2 billion and […]

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Rumor: iPhone 15 Pro models could see a $100 to $200 price hike as opposed to iPhone 14 Pro models

If you’re hankering for an iPhone 15 Pro upon its release, it could be up to $200 more expensive than last year’s iPhone 14 Pro model. A series of recent rumors have added credence to the idea that the iPhone 15 Pro could be more costly to consumers. The report published Tuesday by DigiTimes forecasts […]

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Apollo service to shut down on June 30 following Reddit’s change of API policy

Well, this is a mess. Following the recent coverage, including our own, of Reddit’s decision to begin charging access to its API (Application Programming Interface) and the effect this has had on third-party clients, Apollo has announced that the API change is forcing Apollo to go offline completely. “Apollo will close down on June 30″ […]

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Foxconn reports 56 percent profit shortfall for Q1 2023, offers modest financial expectations for the year

The numbers aren’t where Foxconn, Apple’s primary supplier, would like them to be. Foxconn recently reported a 56 percent decline for its first-quarter net profit, a number that represented its largest quarterly decline in three years, the company falling far short of forecasts. During the January-March quarter, Foxconn disclosed a decline in net profit to […]

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Apple reports Q2 2023 financial results, cites $24.16 billion profit on $94.8 billion in revenues for quarter

It was a 3 percent drop for the quarter, but the numbers still looked good. Apple on Thursday officially reported earnings for Q2 2023, posting quarterly revenue of $94.8 billion, down 3 percent year-over-year. Earnings-per-share came in at $1.52, unchanged year-over-year. Net profits for the quarter came in at $24.16 billion. Apple also set a […]