Apple Confirms iPhone 15 Slowdown Ahead of Release
TL;DR Summary
Apple has acknowledged a slowdown in smartphone sales in the US, with CEO Tim Cook revealing a 2% decline in sales quarter over quarter. The company cited a decline in the overall smartphone market as the primary reason for the dip. However, Apple remains optimistic about emerging markets and reported a revenue record of $1 billion in profit from paid subscriptions. Despite the sales slump, Apple is gearing up to release the highly-anticipated iPhone 15, rumored to feature a larger screen, a Dynamic Island, and a 48-megapixel camera.
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