Military Space News
INTERNET SPACE
Apple logs higher sales, quarterly profit beats forecast
Apple logs higher sales, quarterly profit beats forecast
by AFP Staff Writers
San Francisco (AFP) Aug 1, 2024
Apple's quarterly profit rose from a year ago, the company said Thursday, besting analyst forecasts and giving its shares a boost in after-hours trading.

The iPhone maker reported a $21.4 billion profit in the three months ending in June, on $85.8 billion in revenue over the period.

The revenue is a new record for the June quarter, and a five percent jump from a year ago, CEO Tim Cook said in a statement.

Cook added that the company looks forward to sharing new tools involving Apple Intelligence with users -- referring to its suite of AI features.

Apple has been under pressure to win over doubters on its artificial intelligence strategy after Microsoft and Google rolled out products in swift succession. The Cupertino-based company unveiled Apple Intelligence in June.

"For better or worse, Apple has married its AI efforts to other key parts of its core business, particularly the iPhone," said Emarketer analyst Jacob Bourne.

He added that the effectiveness of its AI investments will mainly be evaluated through device sales and potential growth in subscription revenue.

On Thursday, Apple reported iPhone revenue of $39.3 billion for the quarter, slightly below the same period a year ago.

It logged solid growth in the iPad segment, with $7.2 billion in revenue.

Apple added in a statement that it hit a new high in active devices across geographic segments, without giving specific figures.

The company's shares edged up 0.5 percent in after-hours trading.

bys/sst

Apple

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
US streaming rivals team up to catch Netflix
New York (AFP) July 19, 2024
US video streaming companies are joining forces to attract new viewers, boost ad sales, and finally turn a profit - something only Netflix has managed to accomplish so far. Be it Disney Plus, Hulu, and Max, or ESPN, Warner Brothers Discovery and Fox - the streaming world is reshaping into unlikely alliances. The sudden team spirit is all about the bottom line, with Netflix the only streamer that has managed to cover the exorbitant production costs of keeping users hooked. Netflix's great ... read more

INTERNET SPACE
U.S. announces 'significant' $2.2B package of air defense systems for Ukraine

Europe finalizes joint acquisition of Mistral 3 air defense system

US to fast-track Ukraine anti-air missile deliveries

Romania to send Patriot missile system to Ukraine

INTERNET SPACE
Netherlands to stock up on JASSM-ER missiles

Lockheed Martin's Sniper Targeting Pod to Enhance Interoperability Between F-35s and 4th Generation Jets

MBDA Enhances SPEAR Missiles with AI Collaboration Technology

Zelensky urges British Cabinet to drop weapons restrictions on Russian targets

INTERNET SPACE
Russian drones attack Ukraine port for a second night

Sky Warden Unveils New Effector and Demonstrates System Capabilities

Houthi large drone strike kills 1, injures 8 in Tel Aviv

MARSS to Demonstrate Advanced NiDAR AI C4 System at Red Sands Counter-UAS Event

INTERNET SPACE
Akima Wins $480 Million Contract to Enhance U.S. Space Force Satellite Operations

US Army Awards SES Space and Defense Pilot Contract for Managed SATCOM Services

L3Harris Teams with Epirus to Enhance Tactical Radio Performance

Airbus Secures Major Contract for Bundeswehr's Advanced Military Satellite System

INTERNET SPACE
What we know about Hezbollah's weapons arsenal

US announces $1.7 bn in new security assistance for Ukraine

GAO finds another $2B in military aid for Ukraine

Netherlands, Denmark prepare to ship 14 Leopard main battle tanks to Ukraine

INTERNET SPACE
China tells US it denies charges on Ukraine war

Kyiv to get Dutch, Danish Leopard 2 tanks before Sept

Ukraine's Kuleba warns in Hong Kong of Russia bypassing sanctions

Italian defence firm Leonardo seeking 'critical mass' to compete with US, China

INTERNET SPACE
US, Japan take a swipe at China and deepen defence ties

Italy's Meloni says China 'important interlocutor' in managing global instability

China warns US, Japan to 'stop creating imaginary enemies'

China, Russia say to counter 'extra-regional forces' in SE Asia

INTERNET SPACE
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.