Thursday, August 3, 2023

iPhone Sales Declined in Q2 2023 as Services Revenue Saw Record Growth With 1 Billion Subscriptions

Apple shares dropped about 2 percent after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve in the fourth quarter, but did ...

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Mahindra's SUV output dips up to 15% in June amid supply chain worker crunch; XUV 7XO, Thar production hit

Mahindra & Mahindra is experiencing a significant drop in SUV production. A shortage of contract workers is affecting key parts supplier...