The Morning After: Apple’s record service revenue couldn’t make up for falling hardware sales

After the last few years of nonstop growth, Apple reported revenue of $117.2 billion for its first fiscal quarter, which is five percent down year over year, marking the first time Apple’s revenue has dipped since 2019.

That said, the company set a revenue record of $20.8 billion in its Services business and hit over two billion active devices globally. CEO Tim Cook said three things hit revenue: the “challenging macroeconomic environment,” foreign exchange issues and COVID-related supply constraints that led to delays in the ship times of iPhone 14 Pro and Pro Max models. Anecdotally, we’ve heard from several people that ended up canceling iPhone orders over lengthy delays.

It reflects a slowdown across most of the tech industry, with a mixture of lower revenues, decreased profits and general growth slowdown across Meta, Microsoft and Google owner Alphabet.

– Mat Smith

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It may have averaged 13 million unique visitors a day last month.

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Instead of flat sheets, these grafts are shaped to fit better.

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The FAA is said to have placed strict conditions on the Prime Air program.

Amazon’s drone delivery program doesn’t seem to be off to a great start. The Prime Air division was said to be hit hard by recent, widespread layoffs. After nearly a decade of working on the program, Amazon said in December that it would start making deliveries by drone in Lockeford, California, and College Station, Texas. According to The Information, however, by the middle of January, as few as seven houses had received Amazon packages by drone. The report suggests that Amazon has been hamstrung by the Federal Aviation Administration, which is said to be blocking drones from flying over roads or people unless the company gets permission on a case-by-case basis.

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