High inflation, the war in Ukraine and pandemic restrictions in China weighed on the tech giants’ business performance in the first quarter. The CEOs agree that this is likely to get worse in the coming months.
Apple is considered the bellwether for the entire technology industry – but CEO Tim Cook is cautious about the coming months.
Actually, Tim Cook had excellent news for Apple’s investors on Thursday: The most valuable company in the world has just completed one of the strongest quarters in its history. The iPhone manufacturer took in more than 97 billion dollars in the first three months, nine percent more than in the previous year.