Despite the global economic slowdown, Silicon Valley tech giants have managed to rebound in their businesses. The revenues and profits of the largest companies in the sector in the United States in the first quarter of 2023 exceeded market expectations, thanks to the use of mass exchange operations and the issuance of a number of advanced products.
“Apple's” results significantly exceeded analysts' expectations; with the US group's revenue reaching about $ 95 billion between January and March, while its net profit reached $ 24 billion. IPhone sales rose slightly year-on-year to $51.33 billion, a result that also beat analysts' expectations, while demand for electronic devices fell significantly due to inflation.
Source (Al-Arab Newspaper of London, Edited)
