Apple Betting on Future Products as Sales Continue to Slump
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Apple Betting on Future Products as Sales Continue to Slump
Apple Betting on Future Products , as Sales Continue to Slump.
'The Independent' reports that Apple
has warned that the company's sales have
fallen and are expected to continue falling.
However, the company's long-term investment
in services has offset the decline in sales of
products, including the iPhone and iPad.
Apple's prediction of sales
continuing to fall for the fourth quarter
in a row sent shares tumbling about 2%.
.
'The Independent' reports that Apple has yet to get its
latest big product into the hands of consumers after
announcing the Vision-Pro mixed-reality headset in June.
'The Independent' reports that Apple has yet to get its
latest big product into the hands of consumers after
announcing the Vision-Pro mixed-reality headset in June.
According to Apple, sales for the third quarter
fell 1.4% to reach $81.8 billion, while
earnings per share increased 5% to hit $1.26.
.
Based on IBES data from Refinitiv,
the end results exceeded analyst expectations
of $81.69 billion and $1.19 per share.
Weak iPhone sales were offset by not only by the
company's services sector which includes Apple TV+, but
also sales in China which grew 8% compared to last year.
.
There is a real concern about
when volume picks up and what
the horizon is for iPhone sales growth, Daniel Newman, Chief executive and principal analyst at research firm Futurum Group, via 'The Independent'.
'The Independent' reports that Apple has already invested
$22.61 billion in research and development in 2023,
more than $3 billion more than at the same time in 2022.
We’ve been doing research across
a wide range of AI technologies,
including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.
We’ve been doing research across
a wide range of AI technologies,
including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.
We’re going to continue investing and
innovating and responsibly advancing
our products with these technologies
to help enrich people’s lives, Tim Cook, Apple Chief Executive Officer, via Reuters
Executive Producers Abe Sylvia and Tate Taylor, along with stars Kristen Wiig and Josh Lucas sat down with THR's Mikey O'Connell to talk all about the season finale of their Apple TV+ show 'Palm Royale' in this Closer Look.
Credit: The Hollywood Reporter Duration: 07:14Published
Comcast to Bundle , Peacock, Netflix and Apple TV+.
On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .
Peacock, Netflix and Apple TV+ will be
included in the bundle "at a vastly reduced
price to anything available today," Roberts said. .
This will be a pretty
compelling package, Brian Roberts, Comcast chief, via statement.
As streaming prices continue to climb,
other media companies have also started
to offer bundles, NBC News reports. .
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
Disney and Warner Bros. Discovery recently announced a bundle consisting of Max, Disney+
and Hulu which will be available this summer.
The prices for both companies'
bundles have yet to be revealed.
Comcast's bundle will be made available before Peacock raises its standalone price by another $2 ahead of the 2024 Paris Summer Olympic Games. .
The ad-free service will now cost $13.99 per month. .
The tier with ads will increase to $7.99 each month. .
Meanwhile, Disney, Warner Bros. Discovery and
Fox Corp. have teamed up to create a streaming sports bundle that is scheduled to debut this fall.
but critics allege that the venture
violates antitrust laws, NBC News reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Astronomers Witness , Merger of 2 Black Holes, From the 'Cosmic Dawn'.
'The Independent' reports that NASA's
Webb Space Telescope has made the most
distant detection of merging black holes. .
Two gigantic black holes and the galaxies that they stood
at the center of merged together just 740 million years
after the universe was formed in the Big Bang.
One of the black holes is a staggering 50 million
times larger than our Sun, and the other
is believed to be a similar gigantic size. .
Astronomers have long wondered how supermassive black holes are so big. .
Lead author Hannah Ubler of the University of Cambridge
says the findings suggest that mergers like this ancient
example show how black holes are able to grow so rapidly.
According to Ubler, the latest Webb
discovery also suggests that black holes
have been merging since the "cosmic dawn.".
Massive black holes
have been shaping
the evolution of galaxies
from the very beginning, Hannah Ubler, lead author from the University
of Cambridge, via 'The Independent'.
In 2021, NASA launched Webb, intended
to replace the Hubble Space Telescope.
Webb is the largest and most powerful
observatory ever launched into space. .
The joint U.S.-European project surveys
the universe from a vantage point located
about 1 million miles away from Earth.
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing Faces, Potential Criminal Charges , Following String of Incidents.
'The Independent' reports that federal officials have
issued a warning to Boeing regarding possible criminal charges due to the airliner's failure to improve safety. .
The government-issued warning comes after
a series of incidents, including two 737 Max
jet crashes within a five-month span. .
One crash occurred in Indonesia in
2018 and another took place in Ethiopia in 2019.
A total of 346 people were
killed in the two crashes.
Following those two crashes,
Boeing agreed to pay $2.5 billion and
make a number of safety improvements.
Feds now accuse Boeing of violating that deal and
claim the company could face further prosecution
following a series of incidents in recent months.
In January, an Alaska Airlines Boeing
737 MAX 9 had a door plug
blow off mid-flight. .
That incident resulted in the FAA
ordering all 171 MAX 9 jets be grounded
while the agency investigated the incident. .
For failing to fulfill completely the terms
of and obligations under the [deferred
prosecution agreement], Boeing is subject
to prosecution by the United States for
any federal criminal violation of which
the United States has knowledge, Department of Justice lawyers
letter to a federal judge, via 'The Independent'.
'The Independent' reports that a number of whistleblowers
have accused Boeing of cutting corners when it comes to
quality and expertise in exchange for short-term profit.
Credit: Wibbitz Top Stories Duration: 01:31Published
5 Tips, for Beginner Cyclists .
1. Safety first.
Look for a helmet that is
lightweight and comfortable.
Safety features like MIPS, multi-directional impact protection system, help protect you from different types of impact. .
2. Be aware of the
traffic environment
and road conditions.
Find a cycling guide to brush up on
road safety awareness, basic road
positioning, observation and anticipation.
3. Download a cycling app. .
A cycling app
can help you
optimize your trip.
'The Independent' recommends Bike Hub
Journey Planner which offers spoken
instructions, multiple routes and a
number of other handy features. .
4. Basic maintenance
is essential.
Most importantly, check
the tire pressure, brake lines,
brake pads and oil the chain. .
A local bike service center
can always help you. .
5. Find a cycling club. .
Finding other experienced cyclists
to ride with is a great way to become
a more competent rider. .
It's time to
hit the road.
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Negotiations on Global Treaty , to End Plastic Pollution , Reach Critical Phase .
'The Independent' reports that negotiators from around
the world have met to discuss what could become
a global treaty meant to end plastic pollution. .
The Intergovernmental Negotiating Committee on
Plastic Pollution has begun agreeing on treaty language
at their fourth of five scheduled plastics summits.
The most ambitious and contentious
idea revolves around limiting how much
plastic can be manufactured globally.
As most plastics are made from fossil fuels
and chemicals, oil and gas exporters
have strongly objected to the limitations, along
with plastic-producing countries and companies.
According to Stewart Harris, an industry spokesperson
with the International Council of Chemical Associations,
the treaty also focuses on recycling and reuse. .
We want to see the treaty
completed. We want to work
with the governments on
implementing it. The private
sector has a role to play, Stewart Harris, an industry spokesperson
with the International Council of Chemical
Associations, via 'The Independent'.
'The Independent' reports that the Scientists’
Coalition for an Effective Plastics Treaty provided
scientific evidence on plastic pollution at
the negotiations.
I heard yesterday that there’s
no data on microplastics,
which is verifiably false:
21,000 publications on micro and
nanoplastics have been published, Bethanie Carney Almroth, an ecotoxicology professor at Sweden's University of Gothenburg who co-leads the coalition, via 'The Independent'.
Ecuador's chief negotiator, Walter Schuldt stressed that
countries present at the negotiation share a common
vision of moving forward in the treaty process.
Because at the end of the day,
we’re talking about the survival
of the future of life, not only
of human life but all sorts
of life on this planet, Walter Schuldt, Ecuador's chief
negotiator, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
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