Apple results: China and iPhone sales cast shadow over Cupertino

Cupertino megacap Apple Inc (NASDAQ:AAPL, ETR:APC), the newly instated second-largest company in the world after losing the top spot to Microsoft, highlighted the good and the bad in its first-quarter results for the three months ending December 30, 2023. Devices revenues were definitely the weak link. In a quarter starting a few days after the launch of the iPhone 15, iPhone sales increased 7% year on year, with Mac sales inching 1% higher. These comparatives were particularly underwhelming considering the ...