Apple’s three-year streak of record-setting sales and profit came to an end with the company’s fiscal first quarter for 2023. The three-month period ending December 31, 2022 produced revenue of $117.2 billion, down 5 percent year-over-year. Apple said the results capped an earnings season “in which the world’s biggest technology companies mostly struggled to shake off a postpandemic hangover.” It was the Cupertino-based company’s first quarterly revenue decline in almost four years, attributable largely to supply chain disruptions in China causing a holiday sales season shortage of the high-end iPhone 14 Pro and 14 Pro Max. Continue reading Apple Hardware Sales Decline, Services Remain Bright Spot

What some call “Apple’s unchecked dominance” in mobile phones may get a real challenge from Samsung’s upcoming Galaxy S23 Ultra, expected to hit the market in Q1. The new model will be powered by Qualcomm’s Snapdragon 8 Gen 2 chips, which benchmarks have shown to be fast approaching the performance of Apple’s A16 Bionic. There is also a rumor that Samsung may take a page from Google and Apple and begin designing bespoke phone chips. Samsung already has a chip foundry, but it is independent of the company’s mobile unit, a Switzerland for its diversity of phone customers. Continue reading Samsung to Take on Apple with Upcoming Galaxy S23 Ultra

Apple revealed its highly anticipated 5G-capable phones this week during its annual September product event. While all four models — including the iPhone 14 and larger iPhone 14 Plus — offer improved cameras and new safety features, the iPhone 14 Pro and iPhone 14 Pro Max are the first to utilize Apple’s new A16 Bionic chip, built on the new 4-nanometer process. Apple calls it “the fastest chip in a smartphone.” All four models have satellite connectivity to send emergency messages in areas without cell coverage. The company also debuted the Apple Watch Ultra, aimed at high-performance athletes, and the AirPods Pro. Continue reading Apple Unveils New iPhone Line, Watch Ultra and AirPods Pro