Live by the Chinese consumer, die by the Chinese consumer. Apple, of course, is getting cored, on the heels of a surprise announcement that, in hindsight, should not have been a surprise. At this writing, shares of the tech giant are down 9 percent in...
Apple‘s lowered revenue guidance for the first quarter may not be enough, warned Wall Street firm Goldman Sachs, which said on Thursday (Jan. 3) that the Cupertino, California iPhone maker will likely have to lower its forecast for the full year. According to a report...
Apple CEO Tim Cook wrote a letter to investors on Wednesday (Jan. 2) warning of lower revenues for Q1 and disappointing sales of new iPhones and Apple Watches. Apple’s stock halted in after-hours trading right before the news, and shares dropped about 7 percent when...
Apple was dealt more bad news on Friday (Dec. 28) when Citi Research cut its estimates for iPhone production in the first quarter, becoming the latest Wall Street firm to go negative on the Cupertino, California iPhone maker. Reuters, citing Citi Analyst William Yang, reported...
Apple investors may want to brace for a tough 2019 if a prediction from Pelham Smithers Associates proves true. In an interview with CNBC Thursday (Dec. 27) Pelham Smithers, managing director of the U.K.-based equity research firm, said shares of the Cupertino, California iPhone maker could...
Apple is gearing up to have its high-end iPhones assembled in India via a unit of Foxconn, according to news from Reuters on December 27. The report stated that the company will begin production in the early part of next year. The decision marks the first time...
Apple’s latest transparency report shows a rise in worldwide demands for data. The company revealed that this year it has received 32,342 requests — which is a 9 percent increase from the last reporting period — for 163,823 devices in the second half of the...
Changes to Apple’s App Store Review Guidelines have shown that the company will soon allow iOS users to gift in-app purchases. “Apps may enable gifting of items that are eligible for in-app purchase to others. Such gifts may only be refunded to the original purchaser...
An Apple patent shows that the tech giant might release a phone with both Face and Touch ID. Although the patent, which was found by Patently Apple, starts out describing the problems with 2D face recognition systems, it goes on to mention the possibility of both Face...
