Tag: AAPL

A Return to Growth Apple faced several challenges during fiscal 2023, including tough comparisons, foreign-exchange headwinds, and an uneven macroeconomic environment. These factors impacted the company’s performance, with total revenue declining throughout the year. However, these declines improved over time. In the fourth quarter of fiscal 2023, revenue was down by only 1% year over […]

App Store Commissions in the EU Apple has stated that in the EU, it will reduce its App Store commissions to either 17% for digital goods and services or as low as 10% for subscriptions in their second year. This reduction also applies to small business developers who meet certain criteria. However, if developers choose […]

Services Revenue Offers Support amidst Product Sales Decline In the fiscal year ending on September 30, 2023, Apple reported a net revenue of $382.3 billion, representing a moderate 3% dip from the previous year. However, this figure alone fails to capture the full narrative as the decline primarily stems from product sales. Conversely, Apple’s services […]

Introduction Apple CEO Tim Cook recently attended the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council. In a significant move, Apple has announced plans to open up its iPhone App Store to competitors in Europe. This decision marks a shift in the company’s traditionally closed app […]

Apple Responds to ITC Orders Tech giant Apple recently announced that it will cease sales of two of its latest Apple Watch models, the Apple Watch Series 9 and Apple Watch Ultra 2. The products will no longer be available for purchase on Apple’s website from Thursday, with in-store sales discontinuing from Sunday. However, Apple […]

Consumers have until Thursday, Dec. 21 to purchase either product line from Apple Inc.’s website, with retail locations selling them until Dec. 24. Price Reductions by Major Retailers Interestingly, several major retailers, including Best Buy Co, Target Corp., Walmart Inc., and Amazon.com Inc., have already slashed prices for the base model of the Apple Watch […]

Introduction Lawmakers have recently urged the Justice Department to scrutinize Apple’s banning of the Beeper Mini app, intensifying pressure on the tech giant to improve the texting experience between iPhones and Android devices. The controversy arose in early December, when outages and service interruptions affected the app, leading Beeper Mini to disclose that Apple had […]

Potential Impact on Sales According to Ryan Reith, program vice president at market research firm IDC, the US holiday sales of Apple Watches are not likely to be significantly affected. The full impact of the ruling, if it stands, is expected in January and February, which are typically slower sales months for Apple in the […]