- by cnn
- 15 Aug 2024
Apple reported record sales in the holiday quarter, beating estimates as it benefited from high iPhone demand in China and withstood constraints caused by supply chain disruptions and the Omicron variant.
Executives attributed the strong quarter to the success of its products, reporting record holiday iPhone sales in late 2021. It also launched several new products in the fall, including new models of the Apple Watch, iPad, MacBook Pro computer and AirPods.
But the successful quarter shows Apple is more resistant than other tech companies to those constraints, said Tom Johnson, chief digital officer at media agency Mindshare Worldwide.
Still, Apple faces setbacks in the form of ongoing Covid-19 concerns. The surge of the Omicron variant forced the company to close down a number of Apple stores as well as corporate offices.
Maestri offered forward-looking statements on a call with investors Thursday, indicating that executives do not anticipate Covid-related impacts to worsen in the coming quarter.
Antitrust legislation is also spelling trouble for the company, as CEO Tim Cook continues to aggressively lobby against a number of new antitrust bills.
Under one such bill, introduced by Senator Amy Klobuchar, competing app stores would be allowed and consumers could choose which stores to use. Currently, Apple dominates the marketplace for how its users download new apps.
Union Square’s latest attraction, Madame Theodore’s Floral Academy for Wayward Travelers, is set to captivate visitors and art enthusiasts alike. Created by local artists Nicole Whitten and Carina Garciga Meyers in collaboration with the iconic Beacon Grand hotel, this floral-inspired installation transforms a historic corner of San Francisco into a must-see attraction. Blending the thrill of discovery with the beauty of botanical artistry, this installation offers travelers a unique glimpse into San Francisco’s artistic spirit.
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