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On March 2, Apple unveiled the iPhone 17e, the successor to last year's budget-friendly model. The device finally includes MagSafe support, a feature conspicuously absent from its predecessor, along with an A19 chip and Ceramic Shield 2 for improved durability.
Revenue $6.40 billion, rising 12% as reported and 11% in constant currency; record for fiscal Q1 performance. GAAP EPS $4.60, growing 11% year over year; Non-GAAP EPS $6.06, growing 19% year over year, both outpacing revenue growth. Operating margins GAAP operating margin of 37.8% and non-GAAP operating margin of 47.4% reported for the quarter.
Adobe delivered record Q1 results with AI-first ARR more than tripling year over year and subscription revenue growing 13 percent. Shantanu Narayen, who has led Adobe for 18 years, announced his decision to transition out of the CEO role once a successor is named, introducing uncertainty at the top that markets typically dislike.
Each element is designed with a curvature that sits neatly within the corner radius of its container, in this case the window itself. And this relationship goes both ways. In the new design system, windows now have a softer, more generous corner radius, which varies based on the style of window. Windows with toolbars now use a larger radius, which is designed to wrap concentrically around the glass toolbar elements, scaling to match the size of the toolbar.
This toolkit, which packs 23 individual exploits organized into five complete attack chains, has been quietly circulating in the cyber underground, enabling hackers to compromise iPhones running versions from iOS 13.0 (launched in September 2019) up to 17.2.1 (released in December 2023). The experts warned that its advanced techniques mark it as one of the most potent mobile threats observed in recent years.
If you're an iPhone owner, the original AirTag still delivers a level of precision few trackers can match, thanks to its ultra wideband (UWB) chip and access to Apple's expansive Find My network. Whereas most Bluetooth trackers just tell you the general whereabouts of a misplaced item, the AirTag actually guides you directly to it with on-screen arrows and distance estimates.
Apple is now manufacturing 25% of its iPhones in India - hitting a milestone JPMorgan predicted back in 2022 - as part of its long-term plan to reduce its reliance on China. Last year, India accounted for 55 million iPhones of the roughly 220 million to 230 million produced worldwide.
The Apple II put the small, scrappy upstart company on the map. It was Apple's first mass-market personal computer, designed by Wozniak as a complete, ready-to-use machine rather than a bare circuit board for hobbyists which had been the home-computing norm up to that point. The Apple II combined the electronics, keyboard and power supply in a single case, and could plug straight into a monitor screen, making computing feel far less intimidating.
The M5 Pro and M5 Max are no longer monolithic chips with all the CPU and GPU cores and everything else packed into a single silicon die. Using an 'all-new Fusion Architecture' like the one used to combine two Max chips into a single Ultra chip, Apple now splits the CPU cores (and other things) into one piece of silicon, and the GPU cores (and other things) into another piece of silicon.