(Reuters) -Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3% in after-hours trade. "China is the most competitive smartphone market in the world, and that hasn't changed," Apple CEO Tim Cook told Reuters in an interview.
In a declining smartphone market that's increasingly competitive for Samsung – and where hardware differentiation is getting harder – of course, it's also a practical choice that.
During Intel's "AI Everywhere" event in New York City this week, the company unveiled new Core Ultra CPUs for laptops and the 5th-gen Xeon CPU for servers.