Technology · 10 hours ago
Apple Beats Forecasts in New CEO John Ternus's First Results
Tessa Bury, CC BY 4.0, via Wikimedia Commons
Apple has reported stronger-than-expected results in the first quarter under new chief executive John Ternus, who took over in September. Profit rose 12 per cent to $30.71bn in the July to September period, helped by record iPhone revenue and strong growth in China. The figures stood out after disappointing quarterly updates from rivals Alphabet, Amazon and Intel amid investor worries about heavy artificial intelligence spending.
Reported by The Guardian · How we write briefs