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  • Wednesday 21st October 2020

  • IT Conslting, Digital Transformation with IT Services
    • Apple’s struggles in China persist as revenue slides

      3 August China-Apple Inc continued to struggle in China in its most recent fiscal quarter, with declining revenue from the market. Though iPhone sales might never return to its glory days because of rising competition in the market, there is still huge potential for the technology giant in China services. The California-based company on Tuesday reported yet another quarter of revenue decline from China, though the drop eased slightly from the falls in previous quarters. In its fiscal third quarter, which ended on July 1, Apple’s revenue generated from the market, including Chinese mainland, Hong Kong, Macao and Taiwan...

    • Apple sales boosted by services growth

      Technology giant Apple, best known for its iPhones and computers, said newer lines of business such as Apple Pay, the App Store and Apple Music helped to drive growth in its third quarter. The services unit was what one analyst described as a “shining light” during a period with robust sales across Apple’s different product lines, including iPhones and iPads. The firm said quarterly revenues grew by 7% year-on-year to $45.4bn, news that sent its stock surging more than 5% in after-hours trade. It also forecast strong sales ahead. Apple is expected to release new and updated iPhones next...

    • Chinese demand drives spike in Australian wool prices

      The price of Australian wool has bounced back after a 20-year lull due to global demand, experts said on Tuesday. Wool farmers are benefiting from the best prices for their product in two decades with market analysts tipping that the market would remain strong. Geoff Power, president of Livestock South Australia (SA), said that prices were steady at 12.03 US dollars per kilogram for fine wool and medium merino wool and the market was “looking very good.” “There’s been new-found wealth in Asia, but particularly in China where most of our wool is processed and then exported,” Power told...