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.
StockMarketNews.Today – After another turbulent week of trading worldwide, there’s a lot to keep investors on edge in the week ahead.
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.
StockMarketNews.Today – Top US intelligence chiefs have issued a stark warning about ongoing Russian efforts to interfere in the upcoming US midterms. Dan Coats, director of national intelligence, said on Thursday that the US continued “to see a pervasive messaging campaign by Russia to try to weaken and divide the United States”.
Japan takes title of world’s second-largest stock market from China. Chinese equities have seen $2.29tn in valuation wiped off since January.
StockMarketNews.Today – Data from Bloomberg show Chinese equities were worth $6.09tn as of Thursday’s close, while Japan’s market was valued at $6.16tn. The US remained the biggest stock market at $31tn.