These days, Apple products are all the rage. From MacBooks to AirTags, Apple TV, and more, the general public has truly come around to using Apple on a regular basis.
This tech company also managed to successfully brand itself as an elite that’s a cut above the rest. Such a feat is critical in a world where more individuals are using technology to make their lives more convenient and efficient.
However, despite the success Apple’s enjoyed over the years, the company hasn’t been totally immune to the whims of a chaotic economy. Between rising prices, inflation, and other financial challenges, many companies are having to adapt accordingly.
As 2023 comes to a close, certain challenges are managing to befall even the almighty Apple.
What to know about the dip in Apple’s revenue
During this year’s third quarter, Apple faced a modest 1% drop in revenue. By the close of September, the company reported earnings to the tune of $89.5 billion.
Notwithstanding the decline, much of Apple’s earnings so far remain attributed to iPhones and the sales of different services.
