Apple is set to report slow revenue growth as weak iPhone demand, AI delays, and tough China competition weigh on sales, while a strong U.S. dollar adds further pressure.
Apple is anticipated to report modest revenue growth for its fiscal first quarter on Thursday, January 30, as adoption of artificial intelligence features and increasing competition from Chinese smartphone makers have impacted iPhone sales during the key holiday season.
Tech giants like Apple, Google, and Samsung have been leveraging AI to boost device sales. However, Apple's iPhone 16 series, launched in September, lacked AI-driven features at release, with enhancements such as an upgraded Siri expected to roll out later this year in select regions.
Apple’s AI struggles were underscored earlier this month when it was forced to withdraw an AI-powered news summarization tool due to inaccurate headlines, drawing criticism from media outlets.
Facing renewed competition from Huawei and other Chinese manufacturers, Apple’s global smartphone market share shrank to 23% in the last quarter of 2024, down from nearly 25% a year prior, according to IDC data. The decline was even more pronounced in China—Apple’s third-largest market—where its market share dropped by 10 percentage points to 17%.
Although the Chinese government has introduced subsidies to encourage smartphone purchases, these incentives primarily target low- to mid-range devices priced below $800, excluding Apple's premium iPhones, according to Barclays analysts.
Concerns over weakening iPhone demand have weighed on Apple’s stock, which has declined by 5% in January. Analysts project the company will report revenue growth of 3.8% for the quarter ending in December, based on LSEG data—significantly lower than the 6.1% growth recorded in the previous quarter, which only briefly included sales of the new iPhone model.
iPhone sales are expected to grow by 1.9% in the first quarter, a slowdown from the 5.5% rise in the preceding quarter. Mac sales are forecast to increase by 2.3%, slightly outpacing the prior quarter, while iPad revenue is projected to climb 4.2%, though at a slower rate than in the fourth quarter.
Apple’s services division, which has been a key driver of revenue growth in recent years, is expected to see a 12.9% increase in sales.
Like other multinational companies, Apple is also facing the effects of a stronger U.S. dollar. The dollar appreciated nearly 8% in the final quarter of 2024 amid expectations of trade tariffs under President Donald Trump’s administration.
U.S. President Donald Trump has compared the UK government's demand for access to certain Apple user data to practices typically associated with China, in his first magazine interview of his second term with The Spectator.
At its investor meeting on Tuesday, Apple shareholders overwhelmingly voted against an anti-diversity, equity, and inclusion (DEI) proposal brought forward by the conservative National Center for Public Policy Research. The proposal, one of four on the ballot, called on the tech giant to cease its D
Apple will invest $500 billion in the U.S. over four years, including an AI server factory in Texas and 20,000 new R&D jobs.
Cupertino, CA, February 24, 2025 – Apple Inc. announced on Monday plans to add 20,000 new US jobs and produce AI servers domestically as part of a $500 billion investment over the next four years.
Apple has removed its advanced data protection tool for UK users after the government demanded access to encrypted data, raising concerns about user privacy and security.
European leaders are planning high-level visits to Vietnam in the coming months as part of a concerted effort to deepen ties with the Southeast Asian nation amid rising trade tensions with the United States.
The General Assembly of the Trans-Caspian International Transport Route (TITR) International Association was held today in Baku.
In 2025, cargo transportation via the Middle Corridor is expected to reach 4.2 million tons. This was stated by the Secretary General of the Trans-Caspian International Transport Route (TITR) International Association, Gaidar Abdikerimov, during a press briefing in Baku.
The Middle Corridor continues to expand as new member companies join the route, following joint efforts by Türkiye, Georgia, Kazakhstan, Ukraine, and Azerbaijan to develop the corridor.
EU Commission President Ursula von der Leyen announced on Tuesday that new plans to strengthen Europe’s defence industry and enhance military capabilities could mobilise close to €800 billion (approximately $841.4 billion).
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, will chair the 20th EU-Central Asia Ministerial meeting hosted this year by Turkmenistan, in Ashgabat, on 4 March.
On March 4, President of the Republic of Azerbaijan Ilham Aliyev met with Nail Maganov, General Director of Russia’s "Tatneft," Askhat Khassenov, Chairman of the Management Board of Kazakhstan’s "KazMunayGas," and Bakhodirjon Sidikov, Chairman of the Board of Uzbekistan’s "Uzbekneftegaz."
An acquisition of Versace by Italian luxury group Prada, opens new tab would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
U.S. President Donald Trump announced on social media that five digital assets will be included in a new U.S. strategic reserve of cryptocurrencies, a move that spurred a significant surge in market values.
The global ocean shipping industry, which handles roughly 80% of world trade, is facing heightened uncertainty amid a series of trade and geopolitical threats from the U.S. administration.
European leaders are planning high-level visits to Vietnam in the coming months as part of a concerted effort to deepen ties with the Southeast Asian nation amid rising trade tensions with the United States.
The General Assembly of the Trans-Caspian International Transport Route (TITR) International Association was held today in Baku.
In 2025, cargo transportation via the Middle Corridor is expected to reach 4.2 million tons. This was stated by the Secretary General of the Trans-Caspian International Transport Route (TITR) International Association, Gaidar Abdikerimov, during a press briefing in Baku.
The Middle Corridor continues to expand as new member companies join the route, following joint efforts by Türkiye, Georgia, Kazakhstan, Ukraine, and Azerbaijan to develop the corridor.
EU Commission President Ursula von der Leyen announced on Tuesday that new plans to strengthen Europe’s defence industry and enhance military capabilities could mobilise close to €800 billion (approximately $841.4 billion).
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