Jul 26, 2016
Apple Inc (AAPL.O) sold more iPhones than Wall Street expected in the third quarter and forecast revenue in the current period would top many analysts' targets, soothing fears that demand for Apple's most important product had hit a wall.Proceed to the page: http://linkis.com/sGfRV
Apple Inc on Tuesday reported quarterly results below Wall Street targets and forecast another disappointing quarter, while sales of iPhones, its most important product, declined for the first time.
Apple Inc. posted its first quarterly revenue drop in more than a decade and forecast another decline in the current period, dragged down by waning demand for the iPhone.
Apple reported quarterly earnings and revenue that topped analyst expectations on Tuesday, as it continued to sell more iPhones than expected.
As investors await this fall's anticipated "iPhone 7" launch, sales for the current-flagship iPhone 6s series are expected to continue to lag behind last year, with Wall Street estimates pegged at about 40 million units for the just-concluded June quarter.
Apple Inc. reported lower sales and forecast a third straight quarterly revenue drop, dragged down by slowing demand for iPhones amid a lackluster global smartphone market and intensifying competition in China.
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President Barack Obama has asked two senior Republican senators to travel to Egypt to meet with its military leaders and the opposition, as Cairo's allies struggle with how to address the turmoil convulsing the country.
U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism. Conway G. Gittens has the details.
Global oil prices snapped a two-day decline and rose around 2 percent on Wednesday on hopes prices will recover as energy companies cut production investment to alleviate a glut that has wiped out more than half crude's value since June.
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