【名校好题】专题07：.阅读理解新闻报道-2023届上海市名校高三最新英语试题精选速递（第三期）

【名校好题】专题 07：.阅读理解新闻报道 -2023届上海市名校 高三最新英语试题精选速递（第三期） （2022·上海市复旦附中模拟预测））Apple on Tuesday said its revenue fell 5 percent in the first quarter, compared with $88.3 billion a year earlier, as chief executive Tim Cook admitted that people are holding on to their i-Phones longer. Revenue from the maker if i-Phones came in at $84.31 billion, slightly higher than the company estimated earlier this month, when it wanted that sales would fall to about $84 billion. At the time, Cook cited a slowdown in China’s economy as well as President Trump’s trade war for weakening i-Phone demand. It was Apple’s first warning in more than 15 years. Apple’s stock jumped more than 4 percent in after-hours trading. In its results, Apple said net sales of i-Phones were down by more than $9 billion compared with the same quarter last year. Cook conceded that many Apple users are “holding on to their older i-Phones a bit longer than in the past,” which contributed to lower i-Phone demand. But he also pointed to shifts in foreign exchange values that made Apple products more expensive in certain markets. Consumers are holding on to their smartphones for three years or longer. The Washington Post reported last month. But higher selling prices — with some high-end models costing over $1,000 — have been able to compensate for fewer new phones sold. Sales increased in other categories such as services, wear-ables and tablets. Altogether, Apple reported net income of $19.97 billion for the quarter compared to $20.01 billion in the same period a year earlier. The popularity of Apple’s smartwatch has driven significant growth in the company’s wear-ables segment, according to the company. “Our wear-ables business is approaching the size of a Fortune 200 company,” said chief financial officer Luca Maestri. While Cook asknowledged the continuing economic slowdown in China, he said it is “not in our DNA to stand around waiting for macroeconomic conditions to improve.” One effort Apple is undertaki