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Apple iPhone sale revenue reaches new record | Business News
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Revenue from iPhone sales reached a new record due to high demand in China and emerging markets, the company announced on Thursday. However, the high Q3 revenue was not enough to reverse the downward trend in Apple’s overall performance. A total of $43.8bn (£35.9bn) was raised from iPhone sale alone after price rises and the…
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Tech shares race ahead as Nvidia delights with AI-driven doubling of revenue | Business News
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The US tech firm that dominates the market for chips used in artificial intelligence (AI) has delighted investors with a doubling in quarterly revenue, promising more of the same in future. Nvidia shares gained almost 10% in after-hours trading in New York on Wednesday night when it revealed a string of numbers that beat analysts’…
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Facebook parent Meta reports fall in quarterly revenue – but still beats expectations | Business News
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Facebook parent Meta has beaten estimates for its quarterly revenue, helped by its continued dominance of the online advertising market. Revenue in the third quarter fell for a second consecutive time to $27.71bn (£23.83bn) from $29.01bn (£24.94bn). But it was still above analysts’ expectation of $27.38bn (£23.54bn), according to Refinitiv data. Net income fell to…
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advertising, Business, competition, drop, Facebook, Meta, News, owner, reports, revenue, sales, TikTok
Facebook owner Meta reports first ever revenue drop amid lower advertising sales and competition from TikTok | Business News
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Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares…