Post Tagged with: "Apple"

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

Apple?s ?darkest day? sends a shudder through US markets, falling sharply amid fears for China economy

US stocks suffered heavy losses on Thursday, a day after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company. The rare warning from Apple sent a shudder through markets and confirmed fears among investors that the world?s second-largest economy was […]

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Hong Kong and Chinese stocks struggled for direction on Thursday, ending the session with marginal losses, as Apple suppliers were hammered after the smartphone giant slashed its revenue outlook based on weaker-than-expected iPhone sales in China. The Hang Seng Index closed down 0.35 per cent, or 87.74 points, at 25,042.61. […]

?Flash crash? rips through Asia?s currency markets, exacerbated by algorithmic programming that sends the yen soaring

?Flash crash? rips through Asia?s currency markets, exacerbated by algorithmic programming that sends the yen soaring

It took seven minutes for the yen to surge through levels that have held through almost a decade. Traders are still seeking to piece together what happened just before 9:30am in Sydney, when orders came to sell Australia?s dollar and Turkey?s lira against the yen. While some pointed to risk […]

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple?has lowered its outlook for fiscal first-quarter revenue after an unexpected slowdown in demand from China and fewer upgrades to iPhone models. The announcement late on Wednesday sent Apple shares plunging. The company now expects revenue of about US$84 billion in the quarter ended December 29, chief executive Tim Cook […]

Apple blames China, cuts sales forecast

Apple blames China, cuts sales forecast

SAN FRANSCISCO: Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around US-China trade relations. The news sent Apple shares tumbling in after-hours trade and triggered a broader selloff […]

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Foxconn said to begin assembling top-end Apple iPhones in India in 2019

Apple?will begin assembling its top-end iPhones in India through the local unit of Foxconn Technology Group as early as next year, the first time the world‘s largest?contract electronics manufacturer will have made the product in the country, according to a source familiar with the matter. Taiwan-based Foxconn, formally?known as Hon […]

Battered Apple poised to lead FAANGs in 2019, veteran analyst Gene Munster says

Battered Apple poised to lead FAANGs in 2019, veteran analyst Gene Munster says

Move over, Netflix: Apple will be the best performing FAANG stock in 2019, according to veteran analyst Gene Munster. Apple will be rewarded in the coming year as investors focus more on revenue and earnings growth rather than iPhone unit sales, said Loup Ventures? Munster, who has covered the company […]

Watch this hilarious bad lip reading of Apple‘s product launches

Watch this hilarious bad lip reading of Apple‘s product launches

Read full story Associated Press/Marcio Jose SanchezApple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif. announced several new products at various launch events in 2018, including updated , Apple‘s big product launches were the […]

Huawei on track for record smartphone shipments in 2018,  defying outlook worries amid CFO arrest

Huawei on track for record smartphone shipments in 2018, defying outlook worries amid CFO arrest

China?s leading smartphone brand Huawei Technologies said it is on target to ship 200 million smartphone units in 2018 thanks to rapid growth in the past three quarters even as speculation swirls that the detention of its CFO Sabrina Meng Wanzhou might cloud its business outlook for the coming year. […]

Chinese court bans iPhone sales in patent dispute, Qualcomm says

Chinese court bans iPhone sales in patent dispute, Qualcomm says

A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chip maker Qualcomm and Apple, according to a Qualcomm statement on Monday. The statement said Fuzhou Intermediate People?s Court had granted Qualcomm?s request for two preliminary injunctions against four subsidiaries of Apple, […]