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KQED Nightly Business Report July 14, 2024

Learned that its renue returned growth, reassuring those shareholders concerned that theslowdown in sales of its flagship iphone was going to hurt other thi cs. Thpany also reported better than expected profits and issued solid guidance. A there wa noticeable improvement in its operations in china and it posted record revenue for itservices business. Apples results, of course, are widely followed given its status one of the worlds Biggest Companies and its shares are held in most mutual funds and retirements. Accou tonight the stock rose in initial after hours trading. Josh lipton starts us off tonight from apples headquarters in cupertino, california. Reporter app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. Iphone revenue in the quarter came in at 26 billion, that was roughly in line with what wall street was looking for. That was down 12 , but it is an improvement from their prior quarter. Remember in q2 ip

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