Results for: Services

JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Apple Inc (AAPL) with a price target of $265, citing favorable iPhone cycle driven by AI advancements and strong Services revenue. Chatterjee expects Apple to post robust September quarter results, exceeding consensus estimates, and projects solid iPhone shipments, though December quarter revenue may slightly lag behind due to lower year-over-year volume. The analyst anticipates steady annual iPhone shipments to reach 245 million units by 2025.

Apple has reportedly laid off around 100 employees from its services division, primarily affecting teams working on Apple Books and Apple News. This follows previous rounds of layoffs earlier this year, but Apple continues to report strong financial results.

Since its inception, the Waukegan Public Library has evolved from a book repository to a vibrant community hub offering diverse services. From the establishment of the Little Fort Reading Room in 1845 to the construction of its current building in 1965, the library has continually adapted to meet the changing needs of Waukegan residents. Today, the library provides free internet access, hosts classes for English learners, and plans to introduce virtual doctor visits via telehealth booths. Additionally, the renovation of the Carnegie building will create a maker space with equipment for public use and house the Waukegan History Museum at the Carnegie.

India’s combined output from manufacturing and services sectors has grown at a rapid pace in April, according to the HSBC Flash Purchasing Managers’ Index (PMI). The services sector activity reached a three-month high, while international sales boosted new order inflows for both manufacturing and services companies.

The French economic landscape presents a mixed picture, with the flash Composite PMI inching up while manufacturing activity declined and services activity expanded slightly in April. Overall, the Composite PMI edged higher to 49.90 points, marking its highest level since May 2023. However, the manufacturing sector saw a downturn, with the PMI declining to 44.90 points. In contrast, the services sector experienced a modest uptick, with the PMI rising to 50.50 points.

Japan’s manufacturing activity improved, nearing stability in April, while the services sector expanded at its fastest pace in 11 months. The manufacturing PMI rose to 49.9, indicating a slowdown in the contractionary trend but still marking the eleventh straight month of decline. However, the pace of decline moderated as output and new orders shrank less sharply, and new export orders fell at a slower rate. In contrast, the services PMI climbed to 54.6, marking 20 consecutive months of growth and the strongest expansion since May 2023. New orders in the service sector rose at the fastest pace in 10 months, with overseas orders showing a further increase. The composite PMI also improved to 52.6, signaling the fourth straight month of growth in private sector activity at the strongest pace since August 2023. Investors are watching the upcoming Bank of Japan policy decision closely.