) reported earnings after the bell on Thursday that beat expectations and set another record for sales generated by its growing services business, though results showed total revenues declined for the fourth-straight quarter.
The company said iPhone sales increased to $43.8 billion in its fourth quarter, slightly beating expectations and marking a new record for iPhone sales in its fiscal fourth quarter. Services revenue surpassed $22 billion for the first time.Apple's latest results also showed its home market was a standout in its fourth quarter, with sales in its Americas region rising over last year, the only major geography to see revenue rise year-over-year.$9.3 billion versus $9.
Chief among concerns raised by analysts is softening demand for Apple devices, particularly in China, where Cupertino’s flagship iPhone faces stiffer local competition. Sales for both iPads and Macs declined by double digits for the quarter compared to the same period last year.for CEO Tim Cook. The segment grew by double digits, the only part of the company that generated significant growth.
VW Group's Cariad software division to lay off 2,000 workers. Part of another restructure and more delays for the digital division. -- A London judge ordered the shuttering of the UK unit of La Perla, a maker of luxury lingerie, over unpaid tax debts, underlining the pressure facing parent company Tennor Holding BV and its ultimate majority owner, Lars Windhorst.
Source: News Formal (newsformal.com)
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