News

Apple earnings surpass expectations despite iPhone sales drop

Apple posts record earnings but iPhone and China sales fall short, offset by growth in services division.

Published

5 months ago

January 31, 2025

ticker NEWS

Apple posts record earnings but iPhone and China sales fall short, offset by growth in services division.

Apple has announced record financial results for the last quarter of 2024, meeting Wall Street estimates despite disappointing sales figures for the iPhone and in China.

The company reported earnings of $2.41 per share, surpassing the forecast of $2.35, and revenue of $124.3 billion, exceeding estimates of $124.26 billion.

However, iPhone sales reached $69.1 billion, falling short of expectations of $70.7 billion and down compared to the previous year. Sales in China also underperformed, totalling $18.5 billion against forecasts of $20.9 billion, reflecting an 11% decline year-over-year.

The overall sales growth of 4% and a net profit increase of 10% were primarily driven by Apple’s services division, which generated $26.3 billion in revenue, a 14% increase year-over-year.

Apple’s shares dropped 0.7% prior to the earnings report but had risen over 5% earlier in the week due to market reactions to advances in AI technology.

CEO Tim Cook expressed optimism regarding future iPhone sales, attributing strong performance in markets where new AI features had been launched.

The mixed results have raised concerns among analysts, particularly regarding declining market share in China and challenges posed by currency fluctuations.

Apple’s latest results follow similar earnings reports from other major tech companies, which elicited varied responses from investors.

News

Trump: No ceasefire with Iran, just surrender

Trump rejects ceasefire with Iran, demands total conflict end, warns of military action and nuclear threats.

Published

14 minutes ago

June 18, 2025

ticker NEWS

Trump rejects ceasefire with Iran, demands total conflict end, warns of military action and nuclear threats.

Trump: No Ceasefire With Iran, Just Surrender — President Donald Trump has escalated his stance on Iran, rejecting the idea of a ceasefire and stating he wants a complete end to the conflict.

He warned Iran against developing nuclear weapons and hinted at potential military action, including the use of “bunker buster” bombs. Trump’s remarks, including a threatening post on Truth Social, have reignited fears of a broader confrontation in the Middle East.

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#Trump #IranCrisis #MiddleEastTensions #NuclearThreat #TruthSocial #G7Summit #USMilitary #Geopolitics

News

Markets drop as Trump threatens Iran strike

“Markets slide as Trump’s threats against Iran and abrupt G7 exit heighten investor fears, boosting oil prices amid rising inflation concerns.”

Published

34 minutes ago

June 18, 2025

ticker NEWS

“Markets slide as Trump’s threats against Iran and abrupt G7 exit heighten investor fears, boosting oil prices amid rising inflation concerns.”

Markets Drop As Trump Threatens Iran Strike — President Trump’s hardline stance on Iran and his early G7 departure spooked investors.

Stock markets slumped while oil and energy surged, raising concerns over inflation and global trade instability. With Middle East tensions flaring, Wall Street braces for more volatility.

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#Markets #IranTensions #WallStreet #OilPrices #TradeWar #TrumpNews #EconomicOutlook #StockMarket

News

Israel targets Iran’s Fordow facility amid tensions

Israel seeks to damage Iran’s Fordow facility before halting operations; Trump suggests US knows Khamenei’s location, avoids assassination.

Published

2 hours ago

June 18, 2025

Ahron Young

Israel seeks to damage Iran’s Fordow facility before halting operations; Trump suggests US knows Khamenei’s location, avoids assassination.

In Short:
Israel aims to damage Iran’s Fordow nuclear facility and is seeking US assistance, despite uncertainty about American military involvement. Tensions rise as President Trump holds national security meetings, contemplating military options against Iran.

Israel plans to continue its operations against Iran until the Fordow nuclear facility is significantly damaged. The facility, located underground near Qom, is crucial for uranium enrichment.

Israel acknowledges that its own military capabilities cannot reach the depths of Fordow, but it is relying on the United States for support.

Israel’s National Security Advisor, Tzachi Hanegbi, indicated ongoing discussions with US officials but expressed uncertainty regarding US involvement in military actions.

Iran’s nuclear weapon

Many in Israel and the West suspect that Fordow is part of Iran’s nuclear weapon development, a claim that Iran denies.

President Donald Trump left the G7 summit early due to this ongoing conflict and convened a national security meeting at the White House.

The meeting, which lasted nearly two hours, included key security figures such as CIA Director John Ratcliffe and Director of National Intelligence Tulsi Gabbard.

Reports suggest that Trump is considering the use of a “bunker buster” bomb against Fordow.