Technology
Apple: Pay attention to emerging markets, not falling sales in China
Apple CFO Luca Maestri allayed investor concerns about an 8% revenue decline in China, noting that sales in other emerging markets are rising.
“When we start looking at places like India, Saudi Arabia, Mexico, Turkey, Brazil… and Indonesia, the numbers get bigger and bigger and we are very happy because these are markets where our market share is (currently) low” – Maestri said Thursday during Apple’s second-quarter earnings call.
Revenue in China fell to $16.37 billion in the second quarter
“Populations are large and growing, and our products are really making great progress in these markets,” Maestri continued. “The level of interest in the brand is very high.”
One thing, Maestri says, might be verified: Populations in emerging markets are in fact large and growing. However, available data shows that Apple’s growth in these regions is not as rosy as the manager tried to paint.
Net sales in the Americas – which incorporates places like Brazil and Mexico – fell barely year-over-year from $37.8 billion to $37.3 billion, the info showed. Apple Q2 2024 Report. Sales in the “rest of Asia-Pacific,” which incorporates emerging markets corresponding to India and Vietnam, fell 17% from $8.1 billion in the second quarter of 2023 to $6.7 billion as of March 31.
To play devil’s advocate, Apple’s declining sales in these regions can have more to do with pricing than product hype.
Maestri noted that Apple has introduced several financing solutions and trade-in programs that “lower the affordability threshold” in order that customers should purchase high-end products.
“This is very valuable to us in developed markets, but especially in emerging markets where affordability issues are more pronounced,” Maestri said.
However, pointing to a glimmer of hope in emerging markets may not be enough to reassure investors. China is Apple’s third-largest market and has grow to be a battleground for fierce competition with dominant domestic firms corresponding to Oppo and Xiaomi. According to counterpoint researchHuwaei has seen a sea change in the country after being completely sidelined by US sanctions. The company’s phone sales were up nearly 70% from a 12 months earlier, while Apple’s sales were down 19%. In September 2023, Beijing imposed a ban on using iPhones for presidency officials in the workplace, echoing U.S. actions against Huawei.
China and emerging markets weren’t the one declines in Apple’s balance sheet this quarter. The company also saw a ten% decline in iPhone sales across all markets. Apple’s slow adoption of artificial intelligence compared to competitors like Google and Microsoft also potentially played a job in slowing iPhone sales.
Despite unimpressive hardware numbers, Apple managed to beat Wall Street expectations. He also called for a rise in the corporate’s shares greater than 10% in after-hours trading, driven by each growth in service revenues and large $110 billion in share repurchases, a jump from last 12 months’s $90 billion purchase.
Investors on the decision tried to get Maestri and Apple CEO Tim Cook to reveal additional details concerning the upcoming generative artificial intelligence launches that Apple has been teasing over the past few months, however the executives only revealed that announcements were imminent.
We’ll be following Apple’s Global Developer Conference closely for more news.
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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