Apple Betting on Future Products , as Sales Continue to Slump.<br />'The Independent' reports that Apple <br />has warned that the company's sales have <br />fallen and are expected to continue falling.<br />However, the company's long-term investment <br />in services has offset the decline in sales of <br />products, including the iPhone and iPad.<br />Apple's prediction of sales <br />continuing to fall for the fourth quarter <br />in a row sent shares tumbling about 2%. .<br />'The Independent' reports that Apple has yet to get its <br />latest big product into the hands of consumers after <br />announcing the Vision-Pro mixed-reality headset in June.<br />'The Independent' reports that Apple has yet to get its <br />latest big product into the hands of consumers after <br />announcing the Vision-Pro mixed-reality headset in June.<br />According to Apple, sales for the third quarter <br />fell 1.4% to reach $81.8 billion, while <br />earnings per share increased 5% to hit $1.26. .<br />Based on IBES data from Refinitiv, <br />the end results exceeded analyst expectations <br />of $81.69 billion and $1.19 per share.<br />Weak iPhone sales were offset by not only by the <br />company's services sector which includes Apple TV+, but <br />also sales in China which grew 8% compared to last year. .<br />There is a real concern about <br />when volume picks up and what <br />the horizon is for iPhone sales growth, Daniel Newman, Chief executive and principal analyst at research firm Futurum Group, via 'The Independent'.<br />'The Independent' reports that Apple has already invested <br />$22.61 billion in research and development in 2023, <br />more than $3 billion more than at the same time in 2022.<br />We’ve been doing research across <br />a wide range of AI technologies, <br />including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.<br />We’ve been doing research across <br />a wide range of AI technologies, <br />including generative AI, for years, Tim Cook, Apple Chief Executive Officer, via Reuters.<br />We’re going to continue investing and <br />innovating and responsibly advancing <br />our products with these technologies <br />to help enrich people’s lives, Tim Cook, Apple Chief Executive Officer, via Reuters
