Apple admits future products may never be as profitable as iPhones
Apple has warned investors that its future suite of new products may never be as profitable as the iPhone.The company issued the warning in a recent securities filing as part of a list of “risk factors” that could weigh down the business.Apple, which was recently supplanted by AI chip maker Nvidia as the world’s most valuable company, last week reported 6% increase in revenue for the most recent quarter though it said that it expects weaker growth during the current quarter. 3 Apple has warned investors t ...