• Apple reports robust demand for iPhone 16 even as overall sales in China slow

    Apple reports robust demand for iPhone 16 even as overall sales in China slow
    Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phoneApple reported strong demand for the iPhone 16 in its quarterly earnings report on Thursday, though overall sales in China slightly decreased year-over-year. The company reported $94.9bn in revenue, up 6% year-over-year, and $1.64 in earnings per share (EPS). The company’s earnings slightly beat Wall Street projections of $94.4bn in sales and an EPS of $1.60.The company saw