iPhone sales fell 20% ahead of iPhone 12 launch, but Apple isn’t worried

Apple’s iPhone sales  plummeted 20% as consumers awaited the release of its iPhone 12  amid the continued spread of the coronavirus pandemic, which has upended lives, disrupted business and slowed manufacturing across the globe. But Apple executives said they weren’t terribly worried about it.

a hand holding a small camera: Now that the iPhone 12 is out, the next question is how well it'll do. Patrick Holland/CNET

© Provided by CNET
Now that the iPhone 12 is out, the next question is how well it’ll do. Patrick Holland/CNET

That’s primarily thanks to Apple’s delay releasing the iPhone 12, creating a fluke in financial reporting that artificially made the company’s sales look lower than they otherwise would. Last year’s number included about a week of newly announced iPhone sales. This year’s number did not. As a result, Apple tallied $26.4 billion in older iPhone  sales, down more than a fifth from the same time a year ago.

a close up of text on a black surface: Squint hard enough and you might see Apple's future.

© Angela Lang/CNET

Squint hard enough and you might see Apple’s future.

Instead of lingering on

Read More

Software maker SAP’s profit and sales fell in Q3

BERLIN — SAP SE, the business-software maker, on Sunday said profit and sales declined in the three months through Sept. 30, as the economic fallout of the global response to the coronavirus pandemic hit core business units.

The Walldorf, Germany-based software maker said total revenue fell 4% to EUR6.54 billion, equivalent to $7.76 billion, in the third quarter, and operating profit slipped 1% to EUR2.07 billion. Cloud revenue rose 10% to EUR1.98 billion, and revenue from software and cloud services combined fell 2% to EUR5.5 billion.

As the pandemic continues to weigh on the economy and the threat of new lockdowns arises during a resurgence of Covid-19 infections, business customers are becoming more cautious about spending and investment, affecting core business units, SAP said.

“Lockdowns have been reintroduced in some regions, recovery is uneven and companies are facing more business uncertainty,” SAP said. “Consequently, there is greater scrutiny of larger

Read More