Apple warns investors its new products might never be as profitable as the iPhone

In Brief Apple is warning investors that its new and future products might never be as profitable as the iPhone. The disclosure comes as the company is pursuing newer technologies like artificial intelligence and mixed reality headsets. Apple added the warning in its latest annual report under the "business risks" section, as first reported by the Financial Times. "New products, services and technologies may replace or supersede existing offerings and may produce lower revenues and lower profit margins, whi ...