Nokia Reports 20 Percent Revenue Decline in Q1
In the first quarter of 2024, Nokia had a 20% decline in net sales to €4.7 billion.
Apple will unveil its next flagship iPhone model on 7 September. According to media reports, the vendor will also introduce updated tablets and wearables.
The reports say that the iPhone 14 will be introduced alongside fresh Mac, iPad, and Apple Watch products, which typically find their way into stores within a fortnight of being unveiled. The retail staff is braced for products to go on sale on 16 September.
While analysts flagged falling smartphone demand, Apple’s iPhone shipments appear to have remained largely immune to component shortages and supply chain issues. iPhone revenue grew 3% to $40.7 billion in its fiscal Q3 2022 (27 March to 25 June), accounting for 49% of its overall revenue.