IPhone sales likely fell more than 2pc in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3pc increase a year earlier and a 1.5pc rise in the quarter ended March. With details about the new iPhone 15 expected next month – which could sport the more universally accepted USB-C port on some models – iPhone sales could get a small nudge in the July-September quarter, said analysts, who predicted a mixed bag of results for the period. Last month, Bloomberg News reported Apple has quietly built its own framework to create large language models known as "Ajax". Much of the weakness in iPhone sales is expected to come from the Americas, where revenue is set to fall 6pc, analysts said. Sales from China – Apple's third-largest market – are expected to be flat due to an uneven economic recovery, though the company has fared better than Android rivals in the country.

Source: Irish Independent August 03, 2023 17:49 UTC