Apple’s bottom line took a hit from a recent European Union tax ruling, as smartphone revenue — including sales of its new AI-enabled iPhone 16 — rose 5.5% while the tech giant’s services segment turned in record revenue. The company reported revenue of $94.93 billion, up 6.1%, and net income of $14.74 billion, down 36%, […]
Apple Profit Drops 36% on EU Tax Charge as Services Revenue Hits $25 Billion in New Quarterly Record
Oct 31, 2024 | 3:40 PM