business
Apple Sees Declining Revenues Despite Record iPhone Sales
Apple recently posted its latest fiscal Q4 2023 earnings report which saw the company hit a quarterly revenue of $89.5 billion USD. Despite reaching an iPhone sales revenue high, setting a September quarter record along with a service revenue number hitting an all-time high, the company's revenue was still down 1% year over year. Apple also saw a quarterly earnings per diluted share of $1.46 USD, up 13% year over year.Amidst the hardware slump, the company also released a statement from CEO Tim Cook in tandem with the financial reports, "Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services. We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carb...
DRC concerned about Africa leaders blocking borders
DRC has challenged African political leaders to stop “imprisoning” their citizens by blocking...
CFAO takes 54 percent share of new luxury car market in Kenya
CFAO Motors Kenya has regained its leadership in the new luxury car business, taking a 54.5...
Absa Life loses Sh65m MPs cover review plea
The public procurement watchdog has dismissed an application by Absa Life Assurance Kenya Ltd...
Aircraft leasing firm fights to save two of its planes from auction
A Canadian aircraft leasing firm has moved to court to stop the auction of its two planes.
Chef’s perfect hand in gin and food pairing
Just how do you pair gin and a four-course meal that has lobster and Mascarpone potatoes...
Debt servicing costs up by Sh216bn on weak shilling
The Treasury has revised the cost of servicing Kenya’s external debt for this fiscal year by an...
Minutes reveal Kenya, Uganda fallout on secret Gulf fuel deal
Uganda is upset that it was kept in the dark about the negotiations around the...
Aggression by the KRA staff at JKIA unhelpful
The outcry over the aggressive behaviour of some Kenya Revenue Authority (KRA) officers...
Avoid blanket bans on crop harvests, exports
The regular bans on harvesting of some crops ostensibly to discourage export of immature...
Israel-Hamas war could further drive up fuel prices
Crude oil prices could hit a high of Sh23,636 ($157) per barrel should the conflict in the...
