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Apple Breaks Q1 Records with $143.8B Revenue and $42.1B Profit
business26 days ago

Apple Breaks Q1 Records with $143.8B Revenue and $42.1B Profit

Apple posted a record-breaking fiscal Q1 2026 (the December quarter) with $143.8B in revenue and $42.1B net income ($2.84 per diluted share), up 16% and 19% year over year. iPhone revenue rose 23% to $85.3B and Services reached a record $30B, while gross margin was 48.2%. The company declared a $0.26 quarterly dividend and guided for 13-16% revenue growth in the March quarter with 48-49% gross margin. The installed base surpassed 2.5 billion devices, and Apple highlighted ongoing investments in its silicon and AI initiatives, including a collaboration with Google to power its Apple Foundation Models.

via MacRumors|
#apple#business#earnings
economy6 months ago

US Inflation Trends and Consumer Resilience Signal Economic Shifts

Inflation in core services, which account for two-thirds of consumer spending, continues to accelerate, driven by non-housing services, while durable goods prices, affected by tariffs, have turned negative. Overall, inflation remains above the Fed's 2% target, with services inflation being particularly persistent and difficult to control, and companies still enjoying high profits despite the challenging pricing environment.

via Wolf Street|
#durable-goods#economy#inflation
economy1 year ago

PPI Inflation Surges with Significant Upward Revisions

The Producer Price Index (PPI) has seen significant upward revisions, particularly in the services sector, which constitutes 67% of the PPI. This has led to a notable acceleration in inflation, with the overall PPI for final demand rising by 3.0% year-over-year in November, the fastest since February 2023. Core PPI, excluding food and energy, also accelerated to 3.4% year-over-year. The revisions highlight that inflation in services has been much higher than previously reported, while goods prices are also re-accelerating.

via WOLF STREET|
#economy#inflation#ppi
"India's Path to Economic Growth: A Unique Model Needed"
economy1 year ago

"India's Path to Economic Growth: A Unique Model Needed"

Despite lagging behind China in manufacturing, India has the potential to succeed economically by focusing on its growing services sector, argues economist Raghuram Rajan. He suggests that India should shift its strategy from manufacturing to enhancing education, building world-class universities, and creating a business-friendly environment to capitalize on its demographic dividend and large English-speaking population.

via NPR|
#china#economic-growth#economy
"Global Apple Services Outage Resolved Quickly"
technology1 year ago

"Global Apple Services Outage Resolved Quickly"

Apple experienced outages affecting its App Store, Apple TV+, Apple Music, Apple Fitness+, and other services globally, including in the United States, Britain, India, China, and Australia. The issues, which began at about 2213 GMT on Wednesday, were resolved after more than an hour. Over 6,400 users reported problems with the App Store, and both Apple TV+ and Apple Music had over 1,000 reports at the peak of the outage in the United States. Apple did not provide a comment on the cause of the outages.

via Reuters|
#app-store#apple#global
"Apple Services Experience Global Outages, Including App Store and More"
technology1 year ago

"Apple Services Experience Global Outages, Including App Store and More"

A widespread outage has affected numerous Apple services, including the App Store, Apple Music, and Apple TV+, among others. Some users have reported partial access to certain features, while Apple works to resolve the issues. Additionally, Apple Business Manager and Apple School Manager have also experienced disruptions. The outage has impacted various services, but Apple has begun restoring functionality for some users.

via MacRumors|
#app-store#apple#apple-music
China's Manufacturing PMI Surpasses Expectations, Signaling Recovery
economic-indicators1 year ago

China's Manufacturing PMI Surpasses Expectations, Signaling Recovery

China's official manufacturing PMI for March 2024 exceeded expectations at 50.8, while the services PMI also beat forecasts at 53.0. The country's economy has shown strength at the start of the year, with analysts upgrading GDP forecasts and recent data for January-February surpassing expectations. Stimulus measures and additional treasury bonds are expected to further boost infrastructure and manufacturing investment, although challenges persist due to the debt troubles in the property sector.

via ForexLive|
#china#economic-indicators#gdp
"Apple's Legal Battles: Impact on iPhone Users and Developers"
businesstech1 year ago

"Apple's Legal Battles: Impact on iPhone Users and Developers"

As Apple shifts focus to its services segment, the company faces increased scrutiny and legal challenges over its business practices and market dominance. While iPhone sales still drive the majority of revenue, the growth of services has become a crucial part of Apple's business strategy. However, this has also attracted antitrust attention, with regulators questioning the company's control over its closed ecosystem and the potential for monopoly power. The conflict between Apple's portrayal of its ecosystem as secure and vibrant versus the grievances of users and developers over exclusion and lock-in may ultimately be decided in a courtroom battle.

via Yahoo Finance|
#antitrust#apple#businesstech
economics2 years ago

"Rising Wholesale Prices and PPI Inflation Spark Concerns on Wall Street"

The Producer Price Index (PPI) for final demand services and finished core goods spiked in January, with services inflation jumping by 0.57% and finished core goods inflation increasing by 0.40%. This surge in inflation is concerning as it may lead to higher overall inflation measures, particularly due to services' significant weight in both producer and consumer inflation baskets. The sudden increase in inflation for services and core goods is a disconcerting development, potentially signaling a shift away from the previous disinflation momentum.

via WOLF STREET|
#consumer-prices#economics#goods