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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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Kemi Badenoch refuses to say Tories aiming to win local elections in May

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Kemi Badenoch refuses to say Tories aiming to win local elections in May

Kemi Badenoch has refused to say that the Conservatives are intending to win next May’s local elections, despite being repeatedly pushed on the issue.

Asked twice to define success for her party at the elections, the Tory leader merely said that she is “going to be fighting for every vote”.

Speaking to Sky News, she added: “Success is going to be people seeing the Conservative Party as the only party that is competent and credible enough to do the tough stuff that this country needs.”

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The comments come as the Conservatives continue to trail in the polls.

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Watch Kemi Badenoch’s interview with Sky News in full

New data released by YouGov this morning has put the Tories in third place behind Reform and Labour, a space they have largely occupied throughout the year. The pollster’s weekly voting intention analysis put Ms Badenoch’s party on 18%, down one percentage point.

YouGov's weekly voting intention poll has the Tories down one percent on last week, and just three above the Greens. Pic: YouGov
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YouGov’s weekly voting intention poll has the Tories down one percent on last week, and just three above the Greens. Pic: YouGov

Ms Badenoch gave a speech on welfare costs in London on Tuesday, where she attacked the government’s plans to tackle child poverty. Afterwards, she sat down with Sky News political correspondent Sam Coates.

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Asked about the local elections, she said: “There are going to be local elections all over the country, and there’s a conservative message that I want everyone to hear: Our country’s not working properly.

“There are fundamental things that need to change. We need to create jobs. Otherwise, we’re not going to have money for councils.”

She added: “We’ve seen new parties like Reform come in. They’re making a hash of things at council level. We need to make sure that people can see the benefits of voting Conservative.”

Ms Badenoch also refused to score her party's performance out of 10. Pic: PA
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Ms Badenoch also refused to score her party’s performance out of 10. Pic: PA

When it was pointed out that she had not defined success as winning the local elections, Ms Badenoch said: “The country is going to decide. We’re going to put out an offer, and we’re going to fight for every vote.”

May will see local council elections, as well as votes for the Senedd in Wales and the Scottish Parliament. They are seen as a crucial moment for the Tory leader – and also for Prime Minister Sir Keir Starmer.

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‘Of course poverty bothers me’

Ms Badenoch also refused to score the party’s performance out of 10, as the year draws to a close, and she marks a little over 12 months as leader.

She told Sky News: “When I look at the historic defeats which Conservatives suffered last year, things are definitely better.”

Read more:
Tory-Reform pact ‘not happening’

Badenoch dismisses Reeves’s ‘mansplaining’ claim

Challenged on the Tories’ position in the polls, Ms Badenoch said: “Of course, we have a mountain to climb.

“We lost more seats [in 2024] than we’ve ever done in our 200-year history. This was always going to be a long road ahead.”

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‘Stakeknife’ spy inside IRA committed ‘worst possible’ crimes and should be named, says report

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'Stakeknife' spy inside IRA committed 'worst possible' crimes and should be named, says report

A new report into the activities of the top British spy inside the IRA during The Troubles has said that he “committed crimes of the worst possible kind”, including torture and murder, and should be publicly named by the UK government. 

It’s widely accepted that the late republican Freddie Scappaticci was the agent, codenamed “Stakeknife”.

He headed the IRA‘s so-called “nutting squad”, a notorious internal security unit tasked with hunting and executing informants, but was himself operating as a mole for British intelligence.

The final report of a seven-year investigation named Operation Kenova has found that “there is a compelling ethical case” to reveal the agent’s identity.

Operation Kenova live: ‘Stakeknife’ spy inside IRA committed ‘worst possible’ crimes

Head of Kenova Sir Iain Livingstone said that “it is in the public interest that Stakeknife is named”. He urged the government to depart from its “neither confirm nor deny” (NCND) policy on the grounds of public interest.

It’s understood that the government believes Stakeknife cannot be officially named at this time due to some outstanding legal issues. Sky News has approached No 10 Downing Street for comment.

Freddie Scappaticci died two years ago denying that he was the agent, but all sides in Northern Ireland accept his denial was false.

Freddie Scappaticci. File pic: PA
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Freddie Scappaticci. File pic: PA

The report also found a “significant failure” by MI5 in its late provision of materials to the investigation. “The further material revealed MI5 had earlier and greater knowledge of the agent than previously stated,” the report says.

Sir Ian Livingstone added that “further investigative opportunities were undoubtedly lost”, and that the confidence of the communities in Northern Ireland was undermined. Sky News has approached the security agency for comment.

Stakeknife produced a “vast” amount of intelligence. 3,517 reports from the agent were discovered, including 377 from one 18-month period. But the report found the intelligence was not shared with those who could have used it to save lives.

Read more:
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Government will ‘look at every conceivable way’ to stop Gerry Adams payout

Analysis: Report exposes failure upon failure, decade after decade

He was the most notorious spy of the Troubles. A vicious spy-catcher who was a traitor himself.

Today’s final report into the activities of “Stakeknife” will continue to gall the victims of the IRA’s brutal internal system of “justice”.

We were familiar with many of its findings from last year’s interim report.

We knew Stakeknife’s record in saving lives – the necessary evil school of thought – was greatly exaggerated, and he actually cost more lives than he saved.

We knew his British security forces handlers failed to use intelligence to save lives, in order to protect their “golden egg” from exposure.

We didn’t know their special unit was called “the rat hole”, or that the agent’s betrayal was effectively carried out for financial reward… details that make the whole episode seem even more sordid.

Relatives of those he helped to murder will be disgusted at revelations that his handlers twice took him on holiday out of Northern Ireland – even flying him on military aircraft – at a time when the police were hunting him for murder.

Even now, after an exhaustive inquiry into his activities, Operation Kenova finds that MI5 are responsible for “a significant failure” in the late discovery of important material – costing the team investigative opportunities.

Failure upon failure, decade after decade.

The time for official silence over the spy’s identity must be over.

The dogs on the street in West Belfast know it was Freddie Scappaticci.

Kenova wants the prime minister to authorise his official naming. With no prosecutions in the offing, and Scappaticci in his grave, it may at least bring some succour to the victims’ families today.

Their loved ones were deemed traitors at the height of a dirty war. Tortured, shot in the head, and dumped.

Funerals were low-key, stigma-bound affairs, often taking place early in the morning, with few attendees. Shame hung over these republican families for years.

The man responsible fled Northern Ireland and died in hiding.

Today’s report contains few shocks, but similarly little comfort for the victims of the nutting squad.

Last year, Operation Kenova’s interim report found the security forces were frequently aware of imminent abductions and murders but failed to protect those at risk.

Today’s report found his army handlers even took Stakeknife out of Northern Ireland for two holidays, at a time when he was sought by police for murder and kidnapping. He was flown on military aircraft and given military ID.

As a result, preventable deaths occurred with the security forces’ knowledge and those responsible were not brought to justice and were instead left free to reoffend.

 Investigation lead Sir Iain Livingstone and Northern Irish police chief Jon Boutcher speak at a conference following the report
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Investigation lead Sir Iain Livingstone and Northern Irish police chief Jon Boutcher speak at a conference following the report

‘Wholly unjustified criminality’

The 2024 report also concluded that Stakeknife was involved in “very serious and wholly unjustifiable criminality”, including murder, and claims his intelligence saved “countless” or “hundreds” of lives were exaggerated. It found that the number of lives saved by his spying ranged from the high single figures to low double figures.

This contradicted claims that Scappaticci had saved hundreds of lives during the years he was active, with a former defence chief describing him as “the goose that laid the golden eggs”. The interim report found that claim to be “inherently implausible” and “a comparison rooted in fables and fairy tales”.

The 2024 report also called on the UK government to apologise to bereaved families, given that many murders were avoidable.

‘Each evil act being the epitome of cowardice’

There was also a call for an apology from republican leaders for “the most shameful and evil” actions of the Provisional IRA (PIRA). “It was PIRA that committed the brutal acts of torture and murder, each evil act being the epitome of cowardice,” the report stated.

No prosecutions connected with Stakeknife will take place, prosecutors in Northern Ireland have already decided.

Families of IRA victims associated with Stakeknife will give their response to the Kenova report in a news conference later today.

They want Scappaticci to be officially named, and many are seeking an apology from the British government.

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Steven Hutton: Three men and one woman jailed over ‘frenzied’ Dundee murder

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Steven Hutton: Three men and one woman jailed over 'frenzied' Dundee murder

Three men and a woman have been jailed for at least 20 years for the brutal murder of a much-loved son.

Steven Hutton, 43, was hit with a hammer and stabbed in the heart during a late-night home invasion at his flat in Dundee in March 2024.

He was taken to the city’s Ninewells Hospital, but died the following day.

Brian Miller, 29, Scott Henderson, 40, Barry Murray, 45, and Carri Stewart, 44, were on Monday found guilty of murder following a trial at the High Court in Glasgow.

Brian Miller. Pic: Police Scotland
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Brian Miller. Pic: Police Scotland

Scott Henderson. Pic: Police Scotland
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Scott Henderson. Pic: Police Scotland

The killers were each handed a life sentence, and will spend at least two decades behind bars.

In her sentencing statement, Judge Lady Haldane said the evidence provided a “compelling picture of a plan to inflict serious violence upon Mr Hutton in his own home”.

Barry Murray. Pic: Police Scotland
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Barry Murray. Pic: Police Scotland

Carri Stewart. Pic: Police Scotland
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Carri Stewart. Pic: Police Scotland

The judge described it as a “frenzied assault”, which in part was sparked due to a “missing packet of Pregabalin medication”.

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‘Callous’ behaviour

Lady Haldane stated: “Steven Hutton lost his life in these horrific circumstances, compounded by the fact that not one of you sought to seek assistance for him as he lay dying until you were all well clear of the property.

“That is behaviour that can only be described as callous.”

Read more from Sky News:
Public inquiry to probe how killer evaded justice for 19 years
‘Stakeknife’ spy inside IRA should be named, says report

The judge paid tribute to Mr Hutton’s family and friends.

She added: “Those close to Mr Hutton, in particular his mother, have attended faithfully every day of this trial, and their quiet dignity throughout what must have been at times harrowing and distressing evidence stands in stark contrast to your behaviour.

“Mrs Hutton has in addition provided a detailed and moving account of her relationship with Mr Hutton, her only son, and the impact his loss has had upon her.

“I thank her for taking the time to prepare this thoughtful document, and I have taken all that she has said into account.”

Detective Inspector Richard Baird said the killers “now face the consequences of their actions”.

He added: “This was an unprovoked attack that cost Steven Hutton his life. We hope this conviction brings some form of comfort to Steven’s family.”

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