Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone. That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2), the largest one-day percentage drop in months, wiping out more than $107 billion in market value, Bloomberg News reported. “We expect reversion...
Best Buy sees a continuing trend of consumers feeling cautious due to the current economic environment. The consumer electronics retailer noted this trend while reporting that its comparable sales declined 10.1% year over year during the quarter ended April 29, according to a Thursday (May...
India-based and Walmart-owned Flipkart has launched an eCommerce platform called 2GUD that focuses on the sale of refurbished electronics. The site is the latest entry in what some people call “recommerce,” an area of online retail that is showing signs of gaining fresh steam. “At...
The European Commission announced on Tuesday (July 24) that it fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for breaching EU competition rules. In a press release, the European Commission accused those companies of imposing fixed or minimum...
April 15, 2024
Apple’s reign as the world’s top smartphone maker was short-lived. The iPhone maker supplanted Samsung late last year as the number-one seller of the devices, though Samsung regained the crown during this year’s first quarter, according to a report Sunday (April 14) by IDC. That report shows Apple’s iPhone shipments declining and points to a […]
January 02, 2024
Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone. That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2), the largest one-day percentage drop...
May 25, 2023
Best Buy sees a continuing trend of consumers feeling cautious due to the current economic environment. The consumer electronics retailer noted this trend while reporting that its comparable sales declined...
July 24, 2018
The European Commission announced on Tuesday (July 24) that it fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for breaching EU competition rules....
