Apple’s Hot iPhone Quarter Masks a Behind-the-Scenes Slowdown

The iPhone 13 models at an Apple Store.

Photographer: Hollie Adams/Bloomberg

The iPhone had a strong quarter, but Apple is going through a behind-the-scenes slowdown. Also: The company nabs a top Lamborghini executive, and Meta looks to buy an eye-tracking startup.

Last week in Power On: Apple shows rare vulnerability as we head into an economic downturn.