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## Unlock the Editor’s Digest for Free

Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. Sign up now to receive exclusive content and stay informed about the latest news and trends.

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## Apple Reports Positive Outlook Despite Bumpy Start

Apple’s shares rose on Thursday after the tech company exceeded analysts’ downbeat expectations for quarterly revenue. Despite a 4% decline in revenue from the previous year, Apple’s sales were slightly ahead of consensus estimates. The company’s flagship iPhone sales were down, particularly in China, but investors reacted positively to the earnings release.

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## Apple Projects Growth with New Product Launches

Despite challenges in its core business, Apple is forecasting growth with upcoming product launches. The company anticipates low single-digit growth in hardware sales and strong growth in services, such as the App Store and Apple Pay. Chief Executive Tim Cook expressed optimism about generative artificial intelligence features boosting hardware sales in the coming months.

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