Apple Reports Record $109 Billion in June Quarter Sales, Services Revenue Misses Forecasts
Apple posted a record $109 billion in sales for the June quarter, a 16% increase year-over-year, driven by strong product demand. However, its services revenue fell short of analyst expectations, signaling a potential slowdown in a key profit area. The mixed results highlight Apple's reliance on hardware growth amid slowing services momentum.
Sources (4)
Related stories
Control of Britain’s 39m smart meters moves to non-profit startup
Control of Britain’s 39 million smart meters is passing to a non-profit startup, The Guardian reports. The shift affects how household energy usage data is managed and accessed. It matters because smart-meter data underpins billing, grid management and consumer energy services across the UK.
Oil prices fall as hopes rise for breakthrough to end Iran war
Crude oil prices dropped after markets reacted to signs of a possible diplomatic breakthrough aimed at ending the war involving Iran. The decline reflects how traders are pricing in reduced risk to global energy supplies. Any breakthrough would have wide implications for oil markets and the broader world economy.
British Gas resumes forced prepayment meter installations after £112m settlement
British Gas has resumed force-fitting prepayment meters months after a £112m settlement over the practice. The meters can cut off vulnerable customers who cannot top up, raising concerns about consumer protection and regulatory oversight.
Edgar Wright Calls Unauthorized AI Remaster of 'Spaced' a 'Bummer'
Edgar Wright criticized a new AI remaster of the cult TV comedy “Spaced,” saying it was not authorized by anyone involved in making the show. The dispute highlights growing concerns over consent and rights as AI tools are used to alter older media without creators’ approval.
Amazonian town transformed by rampant mining boom
A rampant mining boom has transformed an Amazonian town, with goods such as Chinese cigarettes and Bolivian beer reflecting new wealth and cross-border trade. The shift is reshaping the local economy and daily life, while raising concerns about environmental and social pressures.