- Apple Inc (NASDAQ:AAPL) is looking to ease hiring and spending growth in 2023 in some divisions to cope with a potential economic downturn, Bloomberg reports.
- The decision originates from a move to be more careful during uncertain times.
- Also Read: TSMC Overtakes Samsung In Chip Race By Capitalizing On Latter’s Strengths: FT
- The changes will not affect all teams as it was not a companywide policy.
- Apple remained feisty on its product launch schedule in 2023, including a mixed-reality headset, its first significant new category since 2015.
- Previously Microsoft Corp (NASDAQ:MSFT), Spotify Technology SA (NYSE:SPOT), Meta Platforms Inc (NASDAQ:META), Tesla Inc (NASDAQ:TSLA), and multiple U.S. banks adopted a defensive stance on hiring in response to the economic uncertainties.
- Price Action: AAPL shares traded lower by 1.44% at $148.02 on the last check Monday.
- Photo by Matias Cruz from Pixabay
CBD Of Denver’s Success In Challenging Climate With Increase In Q4 Revenue
CBD of Denver has reported strong fourth-quarter revenues of approximately $1.31m, with $1.13m generated by Luxora and $176,000 by Libra 9. The CBD company attributed its growth to a number of factors, including its partnership with EDEKA and the popularity of its Magic Lappen product, both of which increased sales across Germany. CBD of Denver also highlighted the success of Libra 9's attendance at trade shows, which boosted brand recognition and allowed the company to form several significant partnerships. Meanwhile, Luxora's expansion into the European CBD wholesale market was credited with contributing significantly to the company's growth. Following the German government's expected approval of relevant legislation, Luxora Solutions will expand further into the German market. Germany's decision on legalising marijuana, which was set to be made in December, has been delayed until next year.
