Apple reported 19.9 per cent decline in shipments in China in the fourth quarter, but climbed one place to No. 4 in smartphone shipments after Xiaomi did even worse, tumbling 34.9 per cent during the same period.
Apple Inc.’s profit margins have long been the envy of the consumer-electronics world. Defending those margins may now be coming at a significant cost
IPhone maker may need to break with past practices and become more price-competitive to get out of its growth woes
Apple cut its sales forecasts for its key end of year period on Wednesday, citing the unforeseen “magnitude” of the economic slowdown in China
Apple stocks tumble after company cuts forecasts for key quarter. Tim Cook cites unforeseen magnitude of economic slowdown in China in a letter to shareholders explaining the change
Tech giant used much of its windfall from tax overhaul to buy back shares, but recent plunge in stock prices makes strategy look like a bad idea
Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019
Foxconn, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production. For Apple, widening assembly beyond China is critical to mitigate the risks of the Sino-U.S. trade war.
Chinese court ordered Apple to stop selling older iPhone models in the country after finding the tech giant infringed on two patents held by Qualcomm, the chip supplier said.
Apple has purchased a tech startup called Platoon that focuses on finding and developing musical artists
The deal could help Apple find and develop exclusive artists for Apple Music, helping it stand apart from competitor Spotify.
Apple is having its worst month since the financial crisis, Its decline has wiped more than $220 billion from its market cap in a little more than a month
Apple is having its worst month since the financial crisis. Monday’s losses pulled Apple stock back into a bear market.
Today’s Stock Market News – Shares of Apple fell more than 5% in after-hours trading. Apple’s market cap dips below $1tn in after-hours trade.
An adverse investor reaction to its Apple’s outlook for the holiday season and concerns about less transparency in future financial reports sent the iPhone maker’s market capitalisation below $1tn and shares into correction territory during after-hours trade.
On Tuesday, the Cupertino, California-based technology giant will take the stage in Brooklyn, New York, to unveil new Mac computers and iPad tablets.
StockMarketNews.Today – What to Expect When Apple Debuts New iPads and Macs Next Week.
Macs and iPads have larger screens and keyboards, more versatile software and typically faster processing speeds than iPhones.
StockMarketNews.Today – The flagship model, the iPhone Xs, will cost $999. Another, larger model, the Xs Max, will cost $1,099. Apple will also unveil a “budget” phone for $749. They will be available in stores on September 21.
Amazon and Apple have helped propel Wall Street higher, European equities have languished. Dominated by sluggish bank stocks.
StockMarketNews.Today – The region’s stock markets face multiple challenges, from the economic risks around Brexit to rising anti-EU sentiment.
Today’s top stock market news. Tech sector dominated the news overnight. The next wave of US tariffs is set to kick in as soon as today, with the possible imposition of duties on another $16bn of Chinese imports.
StockMarketNews.Today – Equities were mixed in Asia Pacific as benchmarks in Tokyo and Hong Kong bounced back following a rough Tuesday session, although strong revenue from Apple announced overnight boosted the iPhone maker’s suppliers.
Inflows into technology-focused funds have surpassed the $20bn mark for the year so far, despite rising concerns among some fund managers that the “ tech trade” is overextended.
StockMarketNews.Today – Investors pile yet more cash into tech stock funds.
Global equity funds dedicated to technology amass $20bn so far this year.