Apple Reports Record iPhone Sales, While Baby Shoe Firm Faces Closure Risk
Apple reported record-breaking iPhone sales for the final three months of last year, driven by the new iPhone 17 range, the company announced Thursday. However, other sectors of the business experienced less positive results, and elsewhere in the business world, the firm behind baby shoes worn by Prince George, Princess Charlotte, and Prince Louis warned it may close due to financial difficulties.
Apple's revenue rose by 16% compared to the same period last year, reaching $144 billion (£82.5bn), marking the strongest growth since 2021, according to the BBC. This surge was attributed to increased sales in China, as well as Europe, the Americas, and Japan. Apple CEO Tim Cook stated that the iPhone's sales boost put the firm in "supply chase mode," indicating high demand.
Conversely, sales of wearables and accessories, including the Apple Watch and AirPods, decreased by roughly 3%, the BBC reported. Mac computer sales also saw a decline of just over 7%.
In other business news, Early Days, the company known for its baby shoes worn by the British royal children, is at risk of shutting down. Paul Bolton, owner of the Leicester-based factory, said the 73-year-old business has been hit "from all angles" due to a slump in customer demand and a sharp rise in business costs, according to BBC Business. Despite a surge in sales following Prince George wearing the brand's shoes in 2014, Bolton said the company can no longer afford to stay open. "We hope it's not the end," Bolton told BBC Business.
Meanwhile, in the tech sector, Sonos is offering discounts on its audio gear as part of its annual Super Bowl sale. The Verge reported that Sonos is knocking 20 percent off many of its products, encouraging consumers to consider home theater upgrades.
Also making news in the tech world is the rise of AI companions. According to a study by the UK government's AI Security Institute, one in three UK adults are using artificial intelligence for emotional support or social interaction, the BBC reported. One user, Nicola Bryan, described her AI companion, George, as being "available 24/7 for life advice and conversation," noting his empathetic nature.
For those seeking physical comfort, Fox News reported on expert-recommended insoles for runners, nurses, and individuals experiencing foot pain. The Fox News Deals team consulted experts to identify top picks from brands like Dr. Scholl's and Superfeet, designed to provide support for various needs.
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