Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple unveiled robust revenue growth on Thursday as the company braces itself for a tumultuous few months of navigating the fallout from President Donald Trump\u2019s tariff war with China.The company reported revenue of $95.4bn for the quarter ending March 29, up 5 per cent year on year and slightly above consensus estimates of $94.6bn.\u00a0Net income was $24.8bn, also slightly beating estimates of $24.5bn and up 5 per cent on the same period for the previous year.The results reflect the period before Trump announced his \u201cliberation day\u201d tariffs on April 2, which sent Apple shares sliding. The iPhone-maker, with its supply chains concentrated in Asia, is heavily exposed to a trade war with China.Revenue for the iPhone, Apple\u2019s flagship product, was $46.8bn, up 2 per cent year on year. China revenue fell slightly to $16bn, down 2.4 per cent, reflecting the competitive challenge Apple has faced from local smartphone makers in recent quarters.\u00a0Its services business, which includes the App Store, iCloud and Apple Pay, continued to show strong growth, rising 12 per cent to $26.6bn.Apple\u2019s shares fell around 2 per cent in after-hours trading on Thursday. Apple chief financial officer Kevan Parekh told the Financial Times there had been no sign of a short-term uptick in consumer demand to get ahead of the April tariffs.\u201cFor the March quarter we don\u2019t believe we saw any strong evidence of pull-ahead demand that impacted our results,\u201d Parekh said.Apple, he said, had been \u201cworking hard to optimise supply chain and inventory\u201d during the quarter to mitigate the potential impact from tariffs.In China, the company had seen an improvement from the previous quarter in its results, Parekh noted, with sales \u201croughly flat\u201d when adjusting for foreign currency changes. Apple\u2019s China sales had fallen 11 per cent year on year in the previous quarter. Apple stopped offering written guidance figures during the coronavirus pandemic, but investors are keen to understand how trade tensions could impact Apple\u2019s business over the coming months, and whether it could ultimately raise its prices.In its initial response, Apple has moved to increase iPhone assembly in India to avoid the steepest tariffs.While the administration has temporarily exempted smartphones from its 125 per cent \u201creciprocal\u201d tariffs on China, Apple is still affected by an existing 20 per cent tariff on Chinese imports.\u00a0It could also still see further tariffs later this year pending the results of a national security investigation into semiconductors and electronics products that contain them.Apple\u2019s board approved a 4 per cent increase in its dividend and up to $100bn in share buybacks, broadly in line with the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple unveiled robust revenue growth on Thursday as the company braces itself for a tumultuous few months of navigating the fallout from President Donald Trump\u2019s tariff<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-297914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=297914"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/297914\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=297914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=297914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=297914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}