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Apple sales and profit top estimates as hit from chip shortages eases

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3 years ago

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Apple sales and profit top estimates as hit from chip shortages eases

Apple is overcoming a costly global shortage of computer chips, posting record sales in the holiday quarter, beating profit forecasts and forecasting its shortfall is narrowing.

Analysts said the iPhone maker, the world’s largest company by market value, has weathered supply chain challenges, such as factory closures and shipping delays from the pandemic, better than any of its top peers. Apple shares rose about 5% in after-hours trading, recovering half of this year’s losses.

More people wanted iPhones, iPads and other gadgets than Apple had to sell during the holiday season, costing the company more than $6 billion in lost sales, or what it feared. However, Apple, the largest customer of many component suppliers, has used its purchasing power to squeeze those suppliers to provide enough products to drive record sales in its iPhones, Macs and wearables and accessories. Apple executives said the chip shortage mainly affected its older products, especially slowing iPad sales.

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“They navigate the supply chain better than anyone, and that’s reflected in the results,” said Ryan Reith, who researches the smartphone market for industry tracker IDC.

Apple said the four best-selling phones in Chinese cities were all iPhone models because rivals struggled to make their products. It was the top-selling supplier in China for the first time in six years, research firm Counterpoint Research reported on Wednesday.

Apple’s growing sales of services such as music, TV and fitness subscriptions are also helping to cushion the blow from a shortage of devices. The company said it now has 785 million paying subscribers on at least seven of its subscription services, up 40 million from the previous quarter, and assuaged investor concerns about slowing growth in rivals such as Netflix Inc.

Better yet, Apple CFO Luca Maestri told Reuters that easing the chip shortage should mean a loss of less than $6 billion in revenue for the quarter. But he declined to further estimate the future.

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“The extent of the restrictions will largely depend on how other companies, other companies and other industries will have demand for chips,” he said.

The iPhone 13, which began shipping just days before the start of the quarter, brought in $71.6 billion in global handset sales for Apple, up 9% from the 2020 holiday quarter and easily beating Wall Street’s targets, according to Refinitiv data. Maestri attributed the sales growth to a record number of upgrades to older iPhones and a double-digit increase in the number of people switching from competitors.

Complete News Source : Business Standard

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YouTube

YouTube marks 20th anniversary by launching new useful features What’s new

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2 weeks ago

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April 24, 2025

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YouTube marks 20th anniversary by launching new useful features What’s new

YouTube has celebrated its 20th anniversary with several new features, including functional upgrades and new features for YouTube TV. The platform has introduced personalised radio stations via Ask Music, which is available to YouTube Premium and YouTube Music users on both iOS and Android devices. Additionally, YouTube is rolling out the ability to fast-forward.

YouTube TV members will gain the ability to build their own multiview experiences, starting with a selection of non-sports content from a small group of popular channels. The platform is introducing improved navigation, better playback quality, and easier access to features such as comments, channel information, and more through videos at 4x speed, providing more.

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  1. Delete Unnecessary Emails: Regularly clearing unwanted emails helps maintain storage. Open Gmail in your browser or mobile device, go to your Inbox, Social, or Spam folder, filter messages, select emails to delete or check the box to select all emails in the folder, and click the “Delete” button. The emails will be moved to the Trash folder Empty Your Spam and Trash Folders: If deleted emails remain in your Trash.
  2. Unsubscribe from Unwanted Emails: Open a promotional email and click “Unsubscribe” at the bottom of the email to reduce future accumulation April 2025 — YouTube, the world’s largest video-sharing platform, is celebrating its 20th anniversary with the launch of several innovative features aimed at enhancing user experience, empowering creators, and embracing the future of digital content.

  3. 1. AI-Powered Video Summaries
    One of the most anticipated features is AI-generated video summaries, which will now appear below eligible videos. This allows viewers to preview content quickly and decide whether to watch the full video. The summaries are automatically created using advanced natural language processing and are designed to boost discoverability and engagement.

  4. 2. “Jump Ahead” Smart Chapters
    YouTube is introducing smart chapters with “Jump Ahead” capabilities, allowing viewers to skip to the most engaging parts of videos based on audience retention data. The feature leverages machine learning to identify sections that retain viewers the most and gives users a prompt to “Jump Ahead” with a single tap.

  5. 3. Creator Insights Dashboard Upgrade
    For content creators, YouTube has upgraded its Creator Studio Dashboard with enhanced real-time analytics, audience mood tracking, and AI-suggested titles and tags. The platform’s algorithms now offer dynamic suggestions for improving performance, personalized for each creator’s channel and content style.

  6. 4. YouTube Create App Expansion
    Following positive feedback from beta users, YouTube is officially rolling out the YouTube Create app in over 30 new countries. This free mobile video editing tool includes features like auto-captions, royalty-free music, filters, and multi-clip editing — giving creators more control without the need for expensive software.

  7. 5. Enhanced Live Shopping Tools
    With e-commerce booming, YouTube is expanding its Live Shopping tools, allowing creators to tag mini-social network within the platform. These tools are products, integrate affiliate links, and host shoppable livestreams with real-time viewer interaction. The new update supports multi-vendor support, making collaborations with brands smoother and more profitable.

  8. 6. Smart TV Upgrades
    YouTube is giving its TV interface a refresh, introducing a sleeker design with quicker access to playlists, subscriptions, and smart recommendations. A new “Ambient Mode interactive content suggestions and previews when the app is idle, turning the TV into a dynamic home hub for entertainment.

  9. 7. Community Tab Enhancements
    To improve engagement, YouTube is enhancing its Community Tab with interactive stickers, polls, countdowns, and quizzes — turning it into a mini-social network within the platform. These tools are aimed at helping creators keep their audience involved even between video uploads.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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