Apple’s revenue slump continues, but it’s not as bad as Wall Street expected. Photo: Ospan Ali/Unsplash License/Modified by Cult of Mac Apple saw its revenue drop 4% year over year in the first quarter. The only real bright spot is that revenue and earnings dropped less than analysts had expected. As a result, shares of … Read more
Apple today announced financial results for the second fiscal quarter of 2024, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $90.8 billion and net quarterly profit of $23.6 billion, or $1.53 per diluted share, compared to revenue of $94.8 billion and net quarterly profit of $24.1 … Read more
Samsung Electronics held its 55th annual general shareholders meeting today at the Suwon Convention Center in Suwon, Gyeonggi-do, South Korea. The company revealed its strategy for this year and expects revenue of $100 from its chip packaging business. The company’s 55th annual general shareholders meeting was attended by general shareholders, institutional investors, and top-level management … Read more