Apple reported revenue increased 5 percent to $95 billion in Q1, beating Wall Street analysts’ expectations. Net income was up by nearly 5 percent, to $24.8 billion, from the January-to-March period in 2024, and iPhone sales increased by 2 percent, helped by demand for the more affordably priced 16e model. Services were particularly strong, with $26.6 billion in revenue for the quarter, up from $23.9 billion year-over-year, also beating analysts’ expectations. But it isn’t exactly business as usual. CEO Tim Cook said tariffs will increase costs by $900 million in the June quarter. Continue reading Apple Quarter Beats Expectations, But Tariff Concerns Loom

Apple has debuted a new smartphone for budget-conscious shoppers. The iPhone 16e has been dubbed “the SE killer” since it succeeds the previous bottom-line entry, which came out in 2022. Pricing begins at $599, with preorders starting Friday followed by general availability on February 28. The iPhone 16e features Apple’s speedy A18 chip, with 6-core CPU and 4-core GPU. It also includes Apple Intelligence and a 48MP 2-in-1 camera system. With increasing global competition in the low-priced phone space, this latest entry intends to get the upscale Apple brand back into the game. Continue reading Apple Touts Affordability, AI with Feature-Packed iPhone 16e