IPhone maker may need to break with past practices and become more price-competitive to get out of its growth woes
Apple Stock News
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
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.
Stock Market News – US technology stocks suffered renewed losses with the Nasdaq Composite index falling back into correction territory
Dimming hopes of a U.S.-China trade agreement, a lackluster reading on the Chinese economy and a tech-led selloff on Wall Street on Friday contributed to Monday’s subdued trading, after stocks last week mostly rebounded from an October rout.
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.
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.