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☆ Apple's products are great, even if they're boring
▼ + stars: | 2023-11-18 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

AdvertisementIn the past, I've argued that Apple products have become boring because Apple seems to have lost its way with useful product innovation. But the truth is, there's a very good reason why Apple doesn't do drastic changes to its products: slow, steady and reliable products are keeping Apple on top. To be fair, under CEO Tim Cook, Apple has had several big hit new products: Apple Watch and Air Pods, come to mind. While Air Pods will work with others, they are really designed to work best with Apple products. But ultimately, even if you find Apple products boring rather than classic, they are a great choice for those looking for long-lasting, high-quality, user-friendly, reliable technology.

Persons: I've, Tim Cook, Steve Jobs, —, Apple, Ai Pin, haven't, Sperry Docksiders, it's, Ive, Cook, Siri Organizations: Apple, Service, Vision, Apple Watch, Microsoft, Ferraris, Honda, BMW, Microsoft Kin, Rolex, Porsche, Jobs, Google, Ford Locations: Cook, Milan

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

☆ Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet
▼ + stars: | 2023-11-16 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

"Under plausible assumptions the size of the balance sheet could decline considerably further before reserves reach the level consistent with the ample reserves operating framework," Jefferson wrote in response to a series of questions from Scott about the roughly $8 trillion balance sheet. The senator also wrote letters to Fed Governors Lisa Cook and Adriana Kugler at the same time. Fed officials who have spoken on the matter have said the balance sheet can be reduced for an extended period. Speaking after the central bank's Oct. 31-Nov. 1 policy meeting, Fed Chair Jerome Powell said it was "not considering changing the pace of balance sheet runoff. Many market participants are eyeing next year or maybe 2025 as a potential time to end the drawdown of the balance sheet.

Persons: Philip Jefferson, Jefferson, Rick Scott, Scott, Lisa Cook, Adriana Kugler, Cook, Kugler, Jerome Powell, Loretta Mester, General, Michael S, Dan Burns, Paul Simao Organizations: Federal, Republican U.S, Fed, Reuters, Federal Reserve, Cleveland Fed, Thomson Locations: Jefferson

☆ Stock futures are little changed after the S&P 500's best week of 2023: Live updates
▼ + stars: | 2023-11-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

U.S. equity futures were flat on Sunday evening after the major averages capped their best week so far this year. S&P 500 futures ticked higher by 0.03% and Nasdaq 100 futures hovered below the flat line at 0.01%. November is the best-performing month for the S&P 500, according to the Stock Traders' Almanac. The S&P 500 has generated an average return of 7% from November through April since then, he said. Several other Fed officials are making public remarks later in the week as well, including New York Federal Reserve President and CEO John Williams, Atlanta Federal Reserve President Raphael Bostic, Richmond Federal Reserve President Thomas Barkin and Dallas Fed President Lorie Logan.

Persons: Dow, LPL, Adam Turnquist, Turnquist, Walt Disney, Wynn, Jerome Powell, Bharat Ramamurti, CNBC's, Lisa D, Cook, John Williams, Raphael Bostic, Thomas Barkin, Lorie Logan Organizations: Dow Jones, Nasdaq, Stock Traders, MGM Resorts, Occidental Petroleum, National Economic Council, New York Federal Reserve, Atlanta Federal Reserve, Richmond Federal, Dallas Fed Locations: Horton, Atlanta, Richmond

A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple's new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an economic recovery was choppy. On the other hand, analysts estimate that Huawei's China smartphone sales grew strongly in the quarter. Apple said on Thursday that its overall sales in China dipped 2.5% but it blamed tough Mac computer and iPad sales for that. Aggressive discounting on the iPhone 15 series in the run up to the annual Singles Day shopping festival by major Chinese online retailers is also encouraging demand.

Persons: Aly, Tim Cook, Apple, Cook, Canalys, Apple's, Huawei's, Yuvraj Malik, Bengaluru ， Stephen Nellis, Yelin, Arsheeya Bajwa, Harshita Varghese, Sayantani Ghosh, Gerry Doyle Organizations: Huawei, Apple, REUTERS, Huawei Technologies, Reuters, Research, HK, Taobao, Pro Max, Qualcomm, Thomson Locations: China, Shanghai, Bengaluru ，, San Francisco, Yelin Mo, Beijing, Bengaluru

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

☆ Jury awards $7.1 million to a burn victim who alleged that a can of cooking spray 'exploded into a fireball'
▼ + stars: | 2023-11-01 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Tammy Reese was badly burned when a can of commercial-brand cooking spray ignited, a lawsuit alleged. A jury has ordered Conagra Brands to pay $7.1 million in compensatory and punitive damages. "We continue to stand by our cooking spray products, which are safe and effective when used correctly, as instructed. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. "In a commercial kitchen, that's a sort of normal place where people leave their cooking spray cans when they're actually using them.

Persons: Tammy Reese, Conagra, —, Pam, Reese, Craig Smith, Marie Callender's, Chef Boyardee, Slim Jim, Smith, Peter Flowers Organizations: Brands, Service, Conagra, Swiss Miss Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

Chicago-based Conagra Brands must pay out $3.1 million in compensatory damages and $4 million in punitive damages to Reese, according to the Cook County Circuit Court verdict. Consumers can check if their cooking spray cans are vented by looking at whether the bottom of the can has four small U-shaped slits, Smith said. The cooking spray that exploded near Reese had been stored on a shelf about 18 inches (46 centimeters) above the stove, according to Flowers. “In a commercial kitchen, that’s a sort of normal place where people leave their cooking spray cans when they’re actually using them. The redesign was not related to the lawsuits and was part of an effort to standardize the company’s cans, Conagra said.

Persons: —, Tammy Reese, Pam, Reese, “, Craig Smith, Marie Callender’s, Chef Boyardee, Slim Jim, Smith, ” Peter Flowers, Conagra, ___ Savage Organizations: CHICAGO, Brands, Conagra, Swiss Miss, Associated Press, America Statehouse News Initiative, America Locations: Illinois, Chicago, Pennsylvania, Shippensburg , Pennsylvania, Cook, Swiss

☆ A third of Columbus, Ohio's population just had $335 million in medical debt wiped out thanks to Biden's American Rescue Plan
▼ + stars: | 2023-10-29 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +5 min

The letters are informing more than 300,000 residents that some, if not all, of their medical debt will be forgiven. All told, the hospitals are wiping clean about $335 million in medical debt for nearly one-third of the city's population. The Columbus City Council first approved the plan on October 16 after months of research and planning. The plan was made together with the Central Ohio Hospital Council, which represents four major hospital systems in the region. Cook County, Illinois, New Orleans, Louisiana, and Pittsburgh, Pennsylvania, have all implemented similar plans to provide medical debt relief.

Persons: Joe Biden's, Pro Tem Rob Dorans, Dorans, Jeff Klingler, Columbus, Klingler, Andrea Organizations: Rescue Plan, Morning, Columbus City Council, City, Pro Tem, Central Ohio Hospital Council, Associated Press, American Rescue, Ohio State University Locations: Columbus , Ohio, Columbus, New York, Ohio, Toledo, United States, Cook County , Illinois, New Orleans , Louisiana, Pittsburgh , Pennsylvania, Franklin County

☆ Apple's been relatively quiet about AI — but it's been pouring billions into research, and that could mean a 'smarter' Siri
▼ + stars: | 2023-10-23 | by ( Sebastian Cahill | Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Since the AI boom began, Apple has been quieter about incorporating the new technology than its peers. To catch up, the company is planning updates to Siri that incorporate AI. His employees are reworking a "smarter " Siri that uses them, per Bloomberg. AdvertisementAdvertisementBut Apple's lag doesn't mean they haven't been thinking of AI before this year: "We've been doing research across a wide range of AI technologies, including generative AI, for years," Cook told Reuters in August. AdvertisementAdvertisementAnd to be sure, while Apple's AI push may have been muted, it is predominantly a hardware company.

Persons: Siri, —, John Giannandrea, Craig Federighi —, Per Forbes, hasn't, Apple, it's, Tim Cook, We've, Cook Organizations: Apple, Bloomberg, Service, Meta, Microsoft, Google, Worldwide, Reuters, Ajax —, Ajax

☆ Tim Cook's latest visit to China is a sign that the iPhone is at risk of becoming the 2nd-best option for many people
▼ + stars: | 2023-10-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The Apple CEO made his second known trip to China this year as iPhone sales struggle. The visit is a sign that Apple desperately needs to keep China on its side. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWhen Tim Cook visited China in March this year, he was there to heap praise on the country for its history of innovation. Several months on, the Apple CEO is back on the charm offensive.

Persons: Tim Cook, —, Cook, Wang Wentao, it's, Elon Musk, Luxshare Organizations: Apple, Service, Bloomberg, Research, Huawei, Apple's Locations: China, Beijing, Chengdu

☆ Make homemade pierogies for National Pierogi Day
▼ + stars: | 2023-10-08 | by ( Casey Barber | ) edition.cnn.com time to read: +13 min

It’s National Pierogi Day, so you have a marketing-mandated opportunity to indulge in a pile of pillowy dumplings. Making pierogi doughJust as there are many ways to refer to these dumplings, there are a wide range of recipes for pierogi dough. If you’re afraid of making any homemade dough, try my pierogi dough as your gateway recipe. Casey Barber, author of the cookbook “Pierogi Love: New Takes on an Old-World Comfort Food,” says pierogies are ideal to eat year-round. Apart from the 60 recipes in “Pierogi Love,” you can try “Everything Bagel” pierogies or pierogies with egg, cheese and Taylor ham for breakfast, or Ethiopian destaye-inspired dessert pierogies.

Persons: that’s, It’s, ”, Casey Barber, I’ve, Cook Organizations: CNN Locations: Turkey, Pittsburgh, Yukon

☆ Tim Cook dumps a chunk of Apple shares this week in his biggest scheduled sale in 2 years
▼ + stars: | 2023-10-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook shed a chunk of shares in his tech giant during this week's market turmoil, making his biggest scheduled sale in two years. Cook dumped about 511,000 Apple shares in separate sales in the past three days through a 10b5-1 plan, which allows insiders to sell shares under a prearranged structure, according to a regulatory filing . Cook's action happens to fall in a week where the stock market was rattled by surging bond yields. AAPL YTD mountain Apple Shares of Apple fell 0.8% on Tuesday, but they are still positive for the week. The company also reduced the number of restricted stock units Cook would receive if he retires before 2026.

Persons: Tim Cook, Cook Organizations: Apple, Treasury Locations: InsiderScore

☆ What José Andrés wants you to know about Spanish food
▼ + stars: | 2023-09-23 | by ( Leah Asmelash | ) edition.cnn.com time to read: +11 min

At least, that’s what Andrés says in his docuseries “José Andrés & Family in Spain,” streaming on Discovery+ and now airing on CNN. Each episode focuses on a different territory, and as his daughters eat and learn about Spanish food, the audience eats (with their eyes) and learns, too. A rice dish made in a paella pan with pork belly — notably not true Valencian paella, according to José Andrés. Those small plates and delectable tidbits have become a staple part of restaurant culture beyond Spain and Spanish food (see: Asian tapas). “(Tapas) is not food,” Andrés noted in his conversation with Acosta.

Persons: José Andrés, Andrés, it’s, that’s, ‘, ’ ” Andrés, CNN’s Jim Acosta, “, ”, you’ll, Tapas, ” Andrés, Acosta, Andrés —, CNN’s Acosta, jamón, bravas, King Alfonso XIII, It’s, Liz Clayman, José, Cook, Chef José Andrés Organizations: CNN, Warner Bros ., Warner Bros, Moors, Posada, la Villa, consejo Locations: Spain, Naples, Italy, Nice, France, Valencia, doesn’t, Spanish, Catalonia, Barcelona, Andalusia, Madrid, consejo, Asturias, lima

☆ Apple CEO Tim Cook appears in New York to celebrate iPhone 15 release
▼ + stars: | 2023-09-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Apple CEO Tim Cook opened the company's Fifth Avenue store Friday in New York to celebrate the official release of the iPhone 15 lineup, the Apple Watch Series 9 and the Apple Watch Ultra 2. Apple announced its new devices at its annual launch event earlier this month, and preorders opened Sept. 15. The new iPhone 15 lineup starts at $799 and features a USB-C charging port and a new titanium exterior. Customers can purchase the new devices at their nearest Apple Store or online.

Persons: Tim Cook, CNBC's Steve Kovach, Cook, preorders, Max, Kif Leswing Organizations: Apple, Fifth, Counterpoint Research, Bank of America Locations: New York City, New York, Madison

☆ Watch Apple CEO Tim Cook take a customer service call: 'You guys thought I'd screw it up'
▼ + stars: | 2023-09-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

It's not everyday you see a CEO take a customer service call. Apple's Tim Cook helped a caller with an iPhone decision during a "CBS Sunday Morning" interview. You guys thought I'd screw it up," he jokingly told onlooking Apple employees after the call. After he got off, the room of onlooking employees burst into cheers and applauded Cook, who shook a few employees' hands. The caller "wanted to upgrade their iPhone," Cook told CBS anchor John Dickerson.

Persons: Tim Cook, onlooking, Apple's, Cook, John Dickerson, Ted Lasso, he's, Uber's Dara Khosrowshahi moonlit, Khosrowshahi Organizations: CBS, onlooking Apple, Service, Fortune, Apple, Apple Watch, GE Locations: Wall, Silicon, Apple's Austin , Texas

☆ Tim Cook says Apple's Vision Pro is on track for early 2024 release and he watched the entire third season of 'Ted Lasso' on the headset
▼ + stars: | 2023-09-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Tim Cook says the Vision Pro is on track for a release early next year. Cook said he used the headset regularly and watched soccer drama "Ted Lasso" on it. In an interview with CBS Sunday Morning, the Apple CEO pushed back on reports the headset had been hampered by manufacturing delays. Cook said he was using the Vision Pro on a "regular basis" and had been able to watch the entire third season of "Ted Lasso" on it. Apple unveiled the mixed-reality headset at its annual developer conference in June, with a launch set for early 2024.

Persons: Tim Cook, Cook, Ted Lasso, Apple, he'd, Elon Musk Organizations: FT, Service, CBS, Apple, Financial Times Locations: Wall, Silicon

(AP) — Missouri quarterback Brady Cook spent most of last season playing through a shoulder injury so severe it required offseason surgery. 15 Kansas State, some in a sea of yellow even booed their starting quarterback. “That pissed me off when we booed our starting quarterback to start the game. “That's why he's the starting quarterback,” Drinkwitz said sharply. Quit asking me about it.”Perhaps it's time to ask what Cook and the Tigers can do this season.

Persons: Brady Cook, Louis —, Tigers —, pining, Eli Drinkwitz, Sam Horn, Cook, Harrison Mevis, ” Cook, “, Drinkwitz, That's, Bill Snyder, Horn, Luther Burden III, Mookie Cooper, Theo Wease, ” Drinkwitz, He's, Louis, Gary Pinkel, “ It's, I've Organizations: COLUMBIA, — Missouri, Tigers, Kansas State, Wildcats, SEC, South, Middle Tennessee State, Memphis, Oklahoma State, Cotton Bowl, Rams, Chaminade, Vanderbilt, LSU, Kentucky, AP Locations: Mo, Kansas, Manhattan, South Dakota, Middle, Missouri, South Carolina, Georgia, Florida, Tennessee, Arkansas

(AP) — Harrison Mevis kicked a 61-yard field goal with no time remaining Saturday, sending Missouri to a field-storming, come-from-behind 30-27 victory over No. Political Cartoons View All 1163 ImagesBen Sinnott added 78 yards receiving and two of the TD catches for Kansas State. Cook answered with a 47-yard touchdown heave to Burden, who spent most of the game making the Kansas State secondary look silly. And after Howard threw a pick into tight coverage, Mevis' field goal gave Missouri the lead. The Tigers tacked on a field goal early in the fourth quarter, but only after squandering a first-and-goal opportunity.

Persons: — Harrison Mevis, Brady Cook, huddling, Eli Drinkwitz, Cook, Luther Burden III, Will Howard, Ben Sinnott, Howard, JC Carlies, Phillip Brooks, Rather, Chris Tennant, Sinnott, squandering, — Cody Schrader's, Burden, St . Louis Organizations: COLUMBIA, Kansas State, The Tigers, Tigers, Wildcats, The Wildcats, SEC, Missouri, Wildcat, Kansas, Georgia, NEXT Kansas State, Big, Central Florida, Memphis, AP Locations: Mo, Missouri, Kansas, St .

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell swore in three members of the central bank's governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor. As Fed governors, they will vote at the Fed's eight yearly meetings on interest rate policies as well as on changes to financial regulations. Political Cartoons View All 1157 ImagesJefferson, who first joined the board last year, was sworn in as vice chair and will therefore work closely with Powell on interest rate policy. His term as vice chair will end Sept. 7, 2027, though he can remain on the board as a governor until 2036. She was a Marshall scholar at Oxford University and holds a Ph.D. in economics from the University of California, Berkeley.

Persons: Jerome Powell, Philip Jefferson, Adriana Kugler, Joe Biden, aren't, Kugler, Lael Brainard, Obama, Jefferson, Powell, Biden, Lisa Cook, Cook Organizations: WASHINGTON, —, Latina, Georgetown University, Fed, United States ’, World Bank, Labor, Davidson College, University of Virginia, Michigan State University, Harvard University’s Kennedy School of Government, Oxford University, University of California Locations: Georgetown, United States, North Carolina, Marshall, Berkeley

In 2018, she started her Instagram @cookingwithfiona, specifically to post instructional cooking videos she'd filmed for her daughter. Fiona Afshar makes $129,000 per year, primarily from selling colorful pasta boxes out of her home kitchen in Malibu, California. Shortly after she started her Instagram account, she started making pasta from chef Thomas Keller's tutorials — and her followers ate it up. A homegrown businessIn 2020, Afshar started hosting virtual pasta-making classes for $35 per person. "Fiona's Pasta, Cooking with Fiona, it's more of a passion," Afshar says.

Persons: Fiona Afshar, Afshar, there's, Tristan Pelletier Five, Tristan Pelletier, Ali, Thomas Keller's, Afshar's, Ssense, They'd, Fiona, it's Organizations: CNBC, Gucci Locations: Iran, Malibu , California, California, Afshar

☆ How Cooking Videos Took Over the World
▼ + stars: | 2023-08-07 | by ( Priya Krishna | Umi Syam | ) www.nytimes.com time to read: +9 min

Cooking videos have never been more persuasive, more inescapable, more addictive, more entertaining. How Cooking Videos Took Over The WorldVideos on TikTok with the #foodtok hashtag have been viewed more than 64 billion times. But cooking videos are not only an unavoidable part of being online — they’ve also infiltrated physical spaces. That is what makes these videos so engaging.”Today, there isn’t just one way to make a successful cooking video. But the evolution of cooking videos represents a broader shift: Algorithms and artificial intelligence increasingly drive everyday behaviors and can stifle creativity.

Persons: they’ve, Julia Child, Joyce Chen, ”, Ashley Rose Young, —, John Gara, … TikTok, Covid, Sunny Xun Liu, “, Bennett, Hetal Vasavada, soothingly, Althea Brown, Frankenfood, Gara, Bacon, Ahmad Alzahabi, Liu, Vasavada, that’s, they’re Organizations: Department of Motor Vehicles, Smithsonian Institution, Food Network, “ East, YouTube, Facebook, Stanford Social Media, “ Locations: New York City, United States, TikTok, Denver

☆ Hey Siri: Screen iPhone calls on Apple’s valuation
▼ + stars: | 2023-08-04 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Signage is seen at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City, U.S., September 16, 2022. REUTERS/Andrew KellyNEW YORK, Aug 3 (Reuters Breakingviews) - The iPhone 15 is probably coming soon, but the handset that anchors Apple (AAPL.O) is losing some of its allure. Apple sold nearly $40 billion of them in the quarter, a 2.5% dip from roughly the same three-month stretch in 2022. In 2017, though, existing U.S. owners waited 2.1 years to replace their iPhone, according to Consumer Intelligence Research Partners. The segment’s revenue reached a record $21 billion in the quarter, or 8% more than the same period a year ago.

Persons: Andrew Kelly NEW, Boss Tim Cook, Cook, Jeffrey Goldfarb, Sharon Lam Organizations: Apple, REUTERS, Andrew Kelly NEW YORK, Reuters, Consumer Intelligence Research Partners, Reuters Graphics Reuters, Apple Watch, Thomson Locations: Manhattan , New York City, U.S

☆ Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

Executives said iPhone sales would improve in the fourth quarter, but did not say how much. Weaker iPhone sales were balanced by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That sales forecast is below analyst expectations of roughly flat fiscal fourth-quarter sales of $90.19 billion, according to Refinitiv data. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Luca Maestri, Daniel Newman, Maestri, Tim Cook, We've, We're, Cook, Apple, Jeremy Goldman, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Wall, Apple, Android, Futurum, Reuters, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, CHINA, San Francisco, Bengaluru

☆ Apple profit tops Wall Street targets, strong services counter weaker iPhone
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That helped Apple push sales in its greater China region to$15.76 billion, from $14.60 billion in last year's same quarter. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Tim Cook, We've, We're, Cook, Apple, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Apple, Reuters, Android, Big Tech, Microsoft, Google, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, San Francisco, Bengaluru

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