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Elon Musk’s Tesla suffers sales slump in ‘unmitigated disaster’ for billionaire | Business News
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Tesla has reported a sharp fall in worldwide sales amid increased competition and slowing demand for electric vehicles. The carmaker said it delivered 386,810 vehicles during the first quarter of the year – down nearly 9% on the 423,000 it shipped from January to March last year. It marks the first year-on-year quarterly sales decline…
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Apple iPhone sales slump in China as Huawei’s foldable phones gain momentum | Business News
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Apple shares slumped in after-hours trading – driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street. The gloomy market reaction overshadowed an otherwise strong financial performance in Apple’s first fiscal quarter. In the three months to 30 December, the tech giant reported…
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Why is Apple facing its longest slump in 20 years? | Science & Tech News
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In 2007, Apple was credited with revolutionising the landscape for communications when it launched the first iPhone – a mobile phone that could play music and access the internet. The product laid the foundation for 17 years of smartphones and propelled Apple to become the world’s first company to reach a valuation of more than…