Analyst Ming-Chi Kuo says he now expects that Apple will follow the new HomePod with a refresh of most of its audio devices, but not until the second half of 2024.
Apple's stock saw an immediate and sharp decline as the company reported earnings that didn't live up to Wall Street's expectations, but as Tim Cook talked about it a strange recovery happened.
In the quarterly earnings announcement, Apple said that the number of subscriptions across its platforms increased from 900 million to 935 million just in the December quarter.
After Apple's warning in November about COVID issues, CEO Tim Cook still mainly blames manufacturing problems in China for why Apple sold "significantly less" of the iPhone 14 range than expected.
Amidst a downturn in most hardware categories, Apple set a new record for its Apple Services business, beating Wall Street's expectations for the segment.