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Appleon Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down 3.5% in after-hours trading.

Chief ExecutiveTimCookinsisted that the company’s new iPhone 15 models were doing well in China, citing a record September quarter for iPhones in the region and seeking to ease Wall Street worries that Apple was losing market share to a resurgent Huawei and other local smartphone sellers.

On a conference call with analysts, Chief Financial Officer Luca Maestri said sales for the current quarter, when Apple typically has its biggest sales of new iPhone models, will be similar to the previous year. Wall Street was expecting a forecast for sales to rise 4.97% to $122.98 billion.

Apple shares, which have risen 37% so far this year, dropped 3.5% after-hours when the company gave the forecast.

Earlier on Thursday, Apple reported quarterly sales and profit beat Wall Street expectations, helped by an uptick in iPhone sales and a $1 billion boost to services revenue that offset large drops in Mac and iPad sales.

But revenue from China dipped 2.5% and Cook said the company’s new high-end handset models – the iPhone 15 Pro and Pro Max devices – are facing supply constraints.

The Cupertino, California, company has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China, a key market for Apple.

“While we believe investors should breathe a sigh of relief because sales and profits both exceeded expectations, the upside was small and we were concerned to see weak sales from China,” DA Davidson analyst Tom Forte said.

Apple said sales for the fiscal fourth quarter ended Sept. 30 fell roughly 1% to $89.50 billion but beat analyst estimates of $89.28 billion, according to LSEG data. Net income rose about 11%. Profit per share of $1.46 beat analyst expectations of $1.39 per share, according to LSEG.

Apple is facing tougher competition in the smartphone market this year as Huawei TechnologiesLreturns to the field with new phones powered by Chinese-made chips after being all but shut out of the market for several years by US government trade curbs.

Apple’s sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Apple’s Cook said that after accounting for foreign exchange rates, Apple’s business in China grew year-over-year, driven by iPhone sales and services revenue.

“In mainland China, we set a quarterly record for the September quarter for iPhone,” Cook told Reuters. “We had four out of the top five best-selling smartphones in urban China.”

Cook said Apple was “working hard to manufacture more” iPhone 15 Pro and Pro Max devices. “We do believe that later this quarter, we’ll reach a supply-demand balance,” he said.

Several global trends are also playing in Apple’s favor, with forecasters predicting that the smartphone market has bottomed out and may start to recover in 2024.

In the longer term, investors are eying how Apple responds to the boom in generative artificial intelligence in which systems can follow prompts in human-like ways – an area that has attracted billions in spending by Microsoftand Alphabet’sGoogle. Apple has said it is working on the technology and views it as a way to improve a wide range of products.

For now, the iPhone remains Apple’s biggest seller. Sales of the device were $43.81 billion in the fourth quarter, in line with analyst expectations of $43.81 billion, according to LSEG data.

The personal computer market is also expected to fare better in the coming year. Earlier this week,Apple rolled outnew Mac machines.

Still, Mac sales slumped by a third to $7.61 billion and iPad sales declined 10% to $6.44 billion, compared with expectations of $8.63 billion and $6.07 billion, respectively.

Sales in Apple’s wearables segment, which includes the Apple Watch and AirPods, fell 3% to $9.32 billion, short of estimates of $9.43 billion, according to LSEG data.

Apple has faced several quarters of declining sales of Macs and iPads, and the fourth quarter continued that trend.

Sales in Apple’s services segment, which includes Apple TV+ and which recently closed a deal with global soccer superstar Lionel Messi, rose 16% to $22.31 billion, compared with analyst estimates of $21.35 billion.

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At least 55 dead and hundreds missing as police make arrests over Hong Kong fire

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At least 55 dead and hundreds missing as police make arrests over Hong Kong fire

At least 55 people have been killed, and police have made several arrests, after a huge fire engulfed a high-rise residential complex in Hong Kong.

Authorities said nearly 300 people are also missing following the blaze at Wang Fuk Court in Tai Po – a suburban district with around 300,000 residents, near the border with mainland China.

A further 45 people are in hospital in a critical condition, with around 900 people also in shelters as a result of the blaze

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Deadly blaze destroys Hong Kong tower blocks

Police have alleged its cause could have been a “grossly negligent” construction firm using unsafe materials.

Three people – two directors and an engineering consultant – have been arrested on suspicion of manslaughter.

“We have reason to believe that the company’s responsible parties were grossly negligent, which led to this accident and caused the fire to spread uncontrollably, resulting in major casualties,” said police superintendent Eileen Chung. Police have not named the company.

The complex, built in the 1980s, had been under renovation for a year.

Smoke rising from the Wang Fuk Court residential complex. Pic: AP Photo/Chan Long Hei
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Smoke rising from the Wang Fuk Court residential complex. Pic: AP Photo/Chan Long Hei

The fire broke out on Wednesday afternoon. Pic: Reuters
Image:
The fire broke out on Wednesday afternoon. Pic: Reuters

Dozens of people remain in hospital, some are critically injured. Pic: AP Photo/Chan Long Hei
Image:
Dozens of people remain in hospital, some are critically injured. Pic: AP Photo/Chan Long Hei

One firefighter was among those killed tackling the blaze, which broke out at 2.51pm local time on Wednesday.

Fire crews said they had doused the flames in all seven of the affected blocks by Thursday morning, which had been undergoing maintenance.

Records show the Wang Fuk Court site consists of eight blocks, with almost 2,000 flats housing around 4,800 residents, including many elderly people.

A relative of a resident at the scene. Pic: Reuters
Image:
A relative of a resident at the scene. Pic: Reuters

Families have been identifying the bodies of relatives while others have been visiting shelters in the area, searching for missing loved ones.

Hong Kong leader John Lee said on Thursday the government will set up a HK$300m (£29m) fund to help residents.

Charred bamboo and plastic mesh covers the complex, which was undergoing renovation works. Pic: Reuters
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Charred bamboo and plastic mesh covers the complex, which was undergoing renovation works. Pic: Reuters

Firefighters searching between floors at one of the high-rise blocks. Pic: Reuters
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Firefighters searching between floors at one of the high-rise blocks. Pic: Reuters

The cause of the fire is being investigated, but it appears to have started in bamboo scaffolding and construction mesh sheets and then spread across seven of the complex’s eight buildings – likely aided by windy conditions.

Bamboo scaffolding is commonly used in Hong Kong, but is in the process of being phased out because of safety concerns.

Hong Kong’s Association for the Rights of Industrial Accident Victims said there have been at least three fires involving bamboo scaffolding this year.

Temporary shelters have been set up for residents. Pic: AP
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Temporary shelters have been set up for residents. Pic: AP

Supplies are brought to a school which is serving as a shelter. Pic: Kyodo/AP
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Supplies are brought to a school which is serving as a shelter. Pic: Kyodo/AP

Read more from Sky News:
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UK criticised over detained couple

China’s state broadcaster CCTV said President Xi Jinping has urged an “all-out effort” to extinguish the fire and minimise casualties and losses.

Both the US and British Consulate Generals for Hong Kong have sent condolences to those affected, as has Taiwan’s president.

Parts of the huge complex were still smouldering on Thursday. Pic: AP
Image:
Parts of the huge complex were still smouldering on Thursday. Pic: AP

Firefighters work to extinguish the blaze. Pic: AP
Image:
Firefighters work to extinguish the blaze. Pic: AP

The number of dead is already the highest in a Hong Kong fire since 1948, when 176 people were killed in a warehouse blaze.

The fire has prompted comparisons to the Grenfell Tower blaze which killed 72 people in 2017, blamed on flammable cladding, as well as failings by the government and the construction industry.

“Our hearts go out to all those affected by the horrific fire in Hong Kong,” the Grenfell United survivors’ group said on
social media.

“To the families, friends and communities, we stand with you. You are not alone.”

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Washington DC shooting: Trump condemns ‘monstrous’ attack near White House – and says suspect is Afghan national

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Washington DC shooting: Trump condemns 'monstrous' attack near White House - and says suspect is Afghan national

Donald Trump has called for every Afghan national who entered the US under the Biden administration to be investigated following the shooting of two National Guard troops near the White House.

The president said the “monstrous, ambush-style attack” was carried out by an Afghan national who arrived in September 2021 during America’s chaotic withdrawal from Kabul.

“This attack underscores the single greatest national security threat facing our nation,” Mr Trump said in an address to the nation from Florida.

He vowed to “reexamine every single alien” who has entered the US from Afghanistan under the previous government, and said: “I am determined to ensure the animal who perpetrated this atrocity will pay the steepest possible price.”

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Trump condemns ‘animal’ shooting suspect

Suspect to face terror probe

America’s citizenship and immigration office said it had stopped processing all immigration requests relating to Afghan nationals indefinitely.

Sky’s US partner network, NBC News, reports the suspect in custody is 29-year-old Rahmanullah Lakanwal.

Both guardsmen were shot in the head, according to NBC, citing senior officials briefed on the investigation.

Wednesday’s shooting – carried out with a handgun – will be investigated by the FBI as a possible act of terror.

The White House was placed into lockdown following the incident, while Mr Trump is away for Thanksgiving.

Pics: AP
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Pics: AP

Victims in ‘critical condition’

West Virginia’s governor initially said both victims were members of his state’s National Guard and had died from their injuries – but later posted to say there were “conflicting reports about the condition of our two Guard members”.

Patrick Morrisey had said: “These brave West Virginians lost their lives in the service of their country.”

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Hundreds of National Guard members have been patrolling the capital after Mr Trump issued an emergency order in August, which federalised the local police force and sent in the guard from eight states and the District of Columbia.

Mr Trump has announced an extra 500 troops will be deployed in the wake of Wednesday’s shooting.

FBI director Kash Patel said the troops were “brazenly attacked in a horrendous act of violence”.

At a news conference, he clarified they were in a “critical condition”.

Pic: AP
Image:
Pic: AP

Former president Joe Biden, who was heavily criticised by Mr Trump in his address, said he and his wife Jill were “heartbroken” by the shooting.

“Violence of any kind is unacceptable, and we must all stand united against it,” said a statement.

Analysis: Trump’s statement could embolden anti-immigration Americans

US correspondent Mark Stone said it was expected that Trump’s statement would have an update on the investigation and the victims’ condition.

“What struck me was the president’s decision to be so political and to make the point as he wanted to, it seemed, that this will now embolden him to find out who else might be here illegally, wherever they may be from,” Stone said.

“And he singled out Somalis in Minnesota, of course, a Democratic-run state.”

Stone said Trump’s statement could further embolden those who already hold anti-immigration sentiments.

“You might expect a leader in this sort of situation to deal with the facts as he knows them and to call for unity. But it’s not Trump’s style to do that.”

How the attack unfolded

Jeff Carroll, chief of the metropolitan police department in the area, said the attack began at 2.15pm local time (7.15pm in the UK) while National Guard members were on “high visibility patrols in the area”.

He said: “A suspect came around the corner, raised his arm with a firearm and discharged it at the National Guard.

“The National Guard members were… able to – after some back and forth – able to subdue the individual and bring them into custody.”

Washington DC mayor Muriel Bowser called the attack a “targeted shooting”.

Pics: AP
Image:
Pics: AP

Social media footage showed first responders attempting CPR on one of the soldiers as they treated the other on a pavement covered in glass.

Nearby other officers could be seen restraining an individual on the ground.

Emergency personnel cordon off an area near where the National Guard soldiers were shot. Pics: AP
Image:
Emergency personnel cordon off an area near where the National Guard soldiers were shot. Pics: AP

The scene was cordoned off by police tape, while agents from the US Secret Service and Bureau of Alcohol, Tobacco, Firearms and Explosives attended the scene, as National Guard troops stood sentry nearby.

The FBI was also on the scene, the agency’s director said.

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Woman killed and man injured in shark attack in New South Wales, Australia

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Woman killed and man injured in shark attack in New South Wales, Australia

A woman has been killed by a shark and a man seriously injured at a popular beach in Australia.

Emergency services were alerted to the attack at Crowdy Bay National Park, near Port Macquarie, around 218 miles north of Sydney, at 6.30am local time on Thursday.

They were responding to reports two people had been bitten by a shark.

The pair had entered the water at Kylies Beach, a popular surfing spot, for an early morning swim.

The woman, who is believed to be in her 20s, died at the scene. She has not yet been identified.

The man, also understood to be in his 20s, was airlifted to hospital in a critical condition.

He is now said to be in a serious but stable condition, with police believing a bystander’s first aid may have prevented a double fatality.

Police Chief Inspector Timothy Bayly said: “I just really need to have a shoutout to the bystander on the beach who put a makeshift tourniquet on the male’s leg which obviously potentially saved his life and allowed New South Wales Ambulance paramedics to get to him and render first aid.”

The officer did not give any further details of the injuries or circumstances of the attack.

He said: “At this stage, all I’m prepared to say is they were known to each other and they were going for a swim and the shark attacked.”

Read more:
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Girl , 17, killed by shark while swimming in Queensland

Shark attacks on two people are very rare, experts say. File pic: iStock
Image:
Shark attacks on two people are very rare, experts say. File pic: iStock


Experts said it is rare for a shark to attack more than one person.

Gavin Naylor, director of the University of Florida‘s shark research programme, said: “It is very unusual. Individual shark attacks are rare. And shark attacks on two people by the same individual is not unheard of, but it’s very rare.”

He added: “Sometimes younger sharks are less judicious and they can make mistakes. Where sharks are close to seal colonies and feeding, the probability (of attack) is higher.

“The few bites that we do have where a single shark has bitten multiple people, it’s usually tiger sharks. We’ve never seen white sharks do that unless somebody’s heroically jumping in the way.”

The beach – known for camping, fishing spots and hiking tracks – has been closed to the public as authorities work to determine the species of shark involved.

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