Apple dropped two spots on this year’s Global 500, despite a 6% gain in annual sales, but it led the way in profits with more than $48 billion in net income. In short, the Apple juggernaut continues at tremendous scale and despite the overall saturation of smartphones, which make up the vast majority of the company’s sales and profits. In an unusual move, Apple introduced three new phones, the upgraded iPhone 8 and 8 Plus, as well as the redesigned iPhone X (pronounced “ten”), powered by facial-recognition technology. Services likes Apple Pay and Apple Music continued to rise, too.
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News about Apple
The new tariffs will hit China hard.
After Tim Cooked dined with Trump at his Bedminster golf club, some Apple products were spared a tariff.
Expect it to drop by early afternoon.
Apple CEO Tim Cook announced the news on Twitter.