Apple sales surge 16% on ‘staggering’ iPhone demand. Software stocks enter bear market.

Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis. The company reported $42.1 billion in net income, or $2.84 per share, versus $36.33 billion, or $2.40 per share, in the year-ago period. Apple saw particularly strong results in China, including Taiwan …

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Investors lost faith in China’s recovery. Beijing is simply trying to fend off deep financial problems in the banks that keep funding everything they are told to fund.

Investors lose faith in China’s recovery; $18 trillion in wealth destroyed. China iPhone shipments fell by 47% y/y. 🚨INVESTORS LOST FAITH IN CHINA'S ECONOMIC RECOVERY🚨 China's 10-year government bond yield fell below 1.6% for the FIRST TIME EVER. CSI 300 …

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Apple moving all production back to China, Indian factory had high ecoli level, iPhone now Contaminated with Urine/poop and half broken

>ship factory to India>your products are now contaminated with e-coli laden shit https://t.co/tNheXkbD1Y pic.twitter.com/YTJKqZVMeQ — Into the Memory Hole (@frogNscorpion) August 5, 2024 Foxconn’s base in Sriperumbudur, India, started making the iPhone 15 series in August 2023. The goal was …

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