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Apple warns of falling iPhone shipments as COVID curbs Chinese factory

Apple warns of falling iPhone shipments as COVID curbs Chinese factory

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Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says factory in China is operating at greatly reduced capacity Apple supplier Foxconn revises down its outlook for the fourth quarter TAIPEI, Nov 7 (Reuters) – Apple Inc (AAPL.O) expects shipments of high-end iPhone 14 models to fall from what was expected following …

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Buffett's Berkshire loses money as stocks and Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand

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Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …

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