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Apple forecasts faster sales growth, strong iPhone demand despite glum economy

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Apple forecasts faster sales growth
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Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.

The Silicon Valley giant’s shares rose 3.5% after hours following the release of the results.

Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones, the company’s biggest source of revenue.

Phone sales in the fiscal third quarter rose 3% to $40.7 billion, when Wall Street had braced for a 3% decline. By contrast, the overall global smartphone market dropped 9% during the just-ended quarter, according to Canalys data.

Apple’s loyal and relatively affluent customer base has enabled it to weather consumer spending dips better than other brands in the past, and the company’s latest quarterly results suggest a similar pattern emerging.

Canalys Research analyst Runar Bjorhovde said, “Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.”

Apple offered some caution.

The slumping economy is hurting sales of advertising, accessories and home products, Apple’s Maestri said in an interview, calling the units “pockets of weakness.”

“Fortunately, we have a very broad portfolio, so we know we’re going to be able to navigate that,” he added.

The results show Apple’s advertising business, which includes selling ads alongside news articles and app store search results, is vulnerable to marketing cuts just the same as rivals Snap Inc (SNAP.N) and Meta Platforms Inc (META.O).

Parts shortages will continue to hamper Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.

But Apple risks joining rivals in amassing an unsellable stockpile of tablets and PCs if more customers than expected hold off purchases due to rising inflation and interest rates.

“In terms of testing the demand, you can’t really test the demand unless you have the supply,” Apple Chief Executive Tim Cook told analysts on Thursday. “And we were so far from that last quarter that we have an estimate of what we believe demand was. But it is an estimate.”

Citing the economic uncertainty, Apple said it was not providing specific revenue guidance. But it said sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter.

‘MORE DELIBERATE’

Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.

The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations slashed sales by 3% in the June quarter and would crimp them by 6% in the current quarter.

Shuttering its business in Russia earlier this year due to the war also has hurt sales.

Apple, like many of its tech industry peers, is slowing hiring and cutting costs given the tough economic climate.  Cook said Thursday that Apple was “being more deliberate in (hiring) in recognition of the realities of the environment.”

The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.

While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1% as consumers being on lockdown there limited sales.

Apple also is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion.

Growth in the company’s services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year’s 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.

Apple said it now has 860 million paying subscribers to its services, up from the previous quarter’s 825 million.

Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple’s new proprietary processor chips.

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GenYouTube; Top Youtube video Downloader

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GenYouTube
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GenYouTube is an app that lets visitors to download content on YouTube even without any attachments or plug-ins.

YouTube is, without the need of a doubt, the most successful video amusement as well as educational floor online. Nearly 1 billion hours of YouTube content is viewed more or less every month. Because of its large user base, YouTube sponsors all new shows and movies.

Even though vast bulk of People on social media is spectators, some are video creators who monetize their respective channels.

It is really challenging for everyone to stay connected and watching films without consuming a bunch of data. As a necessary consequence,  GenYT steps in as a rescuer. Such a site allows users to download and convert YouTube clips including both sound – visual formats. GenYouTube really does have an application that lets the upcoming era to see one‘s most favored animated series and other content on their smart phones; thanks to its innovative technological features.

GenYouTube 2022 : Free Youtube Video Downloader

  • Via GenYouTube, user may grab all sort of content from the YouTube.
  • Prior to actually going to install clips, GenYouTube permits its visitors and users to look for and even view them.  The results could be refined on the basis of relevancy, popularity, description, and date of publication. 
  • One could download Clips from YouTube in 55 different formats via GenYouTube.
  • Using GenYouTube, users might grab age-confined and area secured clips. 
  • GenYouTube really could concurrently manage numerous downloads. As a consequence, download rate will never be a difficulty for anyone.
  • One could have content in the following styles and formats via GenYouTube:mp4, webm, m4a, and 3gp.

 

 

GenYoutube – YouTube Videos Downloader

  • Paste the Video address into the GenYouTube site.
  • Start downloading content, you would like to have 
  • To get the link of a particular video, use the URL or share button there at bottom of preview pane.
  • In a separate browser window, go to GenYouTube.
  • Hit Enter after putting the URL of video in the desktop window’s search bar.
  • When you scroll down that page, the preview pane will  appear spontaneously
  • Verify those download, then choose a suitable style and save the clip.

 

Option 2:

 

GenYouTube Advantages:

The GenYouTube seems to have a large number of perks:

  • This free web guide assists newbies in selecting their preferred films from the film collection.
  • Recent cinema office blockbusters, songs, and new commercial teasers that are popular beyond regions, ranging from home amusement, adventurous content, lifestyle, and Television programs, are all must-sees for fans.
  • GenYouTube lets you take snapshots, handles videos of any length and genre, and so much more. To get a video, you wouldn’t even need to be a subscriber of that channel.
  • GenYouTube also has the feature of not requiring membership or any other private data in order to use the website.
  • Several sites ask for private data, and so many mails are sent to the addresses provided, that hardly ends well.
  • GenYouTube handles a total of 55 different video styles
  • This is a really wide option when compared to alternative sites that provides downloading capabilities. You may also view clips before saving them in almost any form through GenYouTube.
  • Search findings can indeed be categorized by relevancy, view count, description, score, and publication date.
  • GenYouTube is the solution to opt if you want a genuine, and fast, way to download videos without cluttering your e – mail with repetitive mails.
  • The quality of video is dependent on the quality and file format you select. You have complete control over everything!

 

It is critical that users agree to be bound by a few of the site’s terms and conditions. As long as videos are not downloaded or recorded, it is lawful to stream any content from the providers. According to YouTube’s terms of service, users are not permitted to reproduce, transmit access, sell, change, modify, or distribute YouTube videos.

When users disobey the terms of service, Google can take legal action against them, which might range from a simple ban to a civil lawsuit.

 

HOW TO DOWNLOAD GENYOUTUBE FOR ANDROID?

Follow these steps :-

  • Click on the Download button below.
  • Now you will be directed to the download page. There are options to download the APK file or install it from Play Store.
  • Tap on Download APK.
  • Confirmation window will pop up depending on your browser preferences.
  • Tap on Download again and save the file on your device.

This webpage is usually regarded as malware free. Moreover, no evidence of the site infected browsers with viruses has yet been collected. It is highly encouraged that you do not click on any of the web’s obtrusive adverts, because this will safeguard you against malware. It’s highly advisable to download the latest antivirus program that checks the device on frequent basis.

By enabling a VPN (virtual private network), you can visit the software without even being noticed by the cyber department.

 

Alternatives to GenYouTube:

GenYoutube

Download Youtube video’s in all available formats. Download all types Youtube videos including vevo videos or age protected videos.

 

Genyoutube – Youtube Downloader for Android – Download the APK …

 

GenYouTube – Download YouTube Videos, Photos, And MP3 Songs …

 

genyoutube download photo, Youtube, Facebook videos

 

#genyoutube hashtag on Instagram • Photos and Videos

35 Posts – See Instagram photos and videos from ‘genyoutube’ hashtag. … GenYouTube is a great place to #watch or #download #videos and #listen.

 

GenYouTube: Download Photos and YouTube Videos Online For Free

Feb 2, 2022 – GenYoutube is a free web tool that allows you to download photos, music, and youtube videos from different streaming platforms.

 

Genyoutube – Home – Facebook

More content · Log In. or. Create New Account. Genyoutube. Music video. Like. Liked. HomePostsReviewsPhotosAboutCommunity. About. Music video. See all.

 

Can I download YouTube videos as .mp3 with GenyouTube? – Quora

Yes, you can download any youtube videos with GenyouTube. There are many more sites too from where you can paste the URL of the youtube video and directly …

 

#genyoutube | Explore Tumblr Posts and Blogs | Tumgir

 

POWER GEN – YouTube

 

Genyoutube – Reviews | Facebook

 

How to Install GenYouTube Extension on Browsers – Gadgetswright

1. What is GenYouTube? … GenYouTube app downloader is a tool to download YouTube videos in several ways, convert to MP3, and save YouTube video as MP3. The …

 

Top 5 Sites Like GenYoutube to Download YouTube Video

Top 5 GenYoutube Alternatives to Download Videos. Mary . February 14, 2022 • Filed to: Web Video Downloader. genyoutube alternative Nowadays, most people …

 

Genyoutube 50.3 – Download for Android APK Free – Malavida

 

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Dinsys

Odyssey News

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dinsys
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Are you looking for information on Dinsys? You have come to the right place! In this blog post, we will provide a step-by-step guide on Dinsys.

dinsys

Dinsys – Login

DINSYS. Daftar Akun Baru. DAFTAR SEKARANG. Sudah punya akun ? Silahkan Login. D’Besto Information System ©2017 – 2022. PT. Setya Kuliner Mandiri – D’Besto …

 

This is a complete list of sources that I found to be helpful in researching Dinsys. If there are any other sites or articles you think should make this list, please leave them as comments below so we can include them!

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