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Foxconn reports 56 percent profit shortfall for Q1 2023, offers modest financial expectations for the year

The numbers aren’t where Foxconn, Apple’s primary supplier, would like them to be. Foxconn recently reported a 56 percent decline for its first-quarter net profit, a number that represented its largest quarterly decline in three years, the company falling far short of forecasts. During the January-March quarter, Foxconn disclosed a decline in net profit to […]

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Rumor: Apple developing next-gen iPhone with microLED display

The next generation of iPhone could feature a beauteous microLED display. According to noted supply chain publication website DigiTimes, Apple plans to release an iPhone with a microLED display in the future. This display technology would allow for higher brightness, decreased power consumption, improved contrast ratio, and other benefits compared to current iPhones with OLED […]

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Apple boosts trade-in values for a number of older iPhones, Macs, Apple Watches, and iPads

Apple on Thursday released a list of increased trade-in values for a limited number of older iPhone models as part of an effort to encourage customers to upgrade to the iPhone 14 lineup. The company also offered increased trade-in values for the iPhone 13 Pro Max, ‌iPhone 13 Pro‌, iPhone 12 Pro Max, iPhone 12 […]

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Apple reports Q2 2023 financial results, cites $24.16 billion profit on $94.8 billion in revenues for quarter

It was a 3 percent drop for the quarter, but the numbers still looked good. Apple on Thursday officially reported earnings for Q2 2023, posting quarterly revenue of $94.8 billion, down 3 percent year-over-year. Earnings-per-share came in at $1.52, unchanged year-over-year. Net profits for the quarter came in at $24.16 billion. Apple also set a […]

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Rumor: Samsung and LG funnel billions into OLED R&D, production for next-gen Macs and iPads

You can’t knock a sustained R&D effort. Samsung and LG are rumored to be looking to corner the market for midsize OLED panels and are investing billions into creating new production lines for next-generation displays slated to appear in future iPad and Mac models. It’s also been rumored that Apple is working to incorporate OLED […]