|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||194.93 - 200.26|
|52-week range||194.93 - 200.26|
|Beta (3Y monthly)||1.19|
|PE ratio (TTM)||16.73|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Jun.18 -- Apple Inc. could be seeing weaker-than-expected demand for its iPhone product line, especially in China, where trade tensions have been weighing down sales, according to analyst projections. Selina Wang reports on "Bloomberg Markets: China Open."
There are a number of key differences between Apple’s AirPower and lookalike knockoff, AirUnleashed. Apple gave up the AirPower ghost back in March, after having gone silent on the product for some time, citing an inability to “achieve [its] high standards.” The company released little additional information, but most reports came down to engineering problems with densely packed charging coils that could ultimately have caused the product to overheat. Plenty of companies were no doubt planning their own off-brand take on the product, but Apple’s decision to pull out of the category ahead of launch has opened an AirPower-sized hole in the wireless charging mat market.
Apple is launching a new beta program for Beddit, the sleep-tracking companyit acquired just over two years ago after selling Beddit products in AppleStores for years
Next week, S&P Dow Jones Indices will readjust the representation of the 500 companies that constitute the market benchmark.
Concerns continue to grow about near-term demand for Apple iPhones as consumers delay purchases ahead of the first 5G models in late 2020.
AirDrop is being used by young people to send memes to strangers, which is fun, but it's also being used to send nude pictures to strangers.
A Chinese-Taiwanese consortium formed to invest in Japan Display Inc on Tuesday said a Chinese provincial government has pledged support for its proposed panel plant, indicating plans made with the Apple Inc supplier are intact. The consortium "solidified Zhejiang government support in the planned $6 billion OLED (organic light-emitting diode) plant construction and its capital syndication," a spokesperson for the group said in a statement. The consortium has previously said it intends make OLED panels in China using Japan Display technology.
(Bloomberg) -- Apple Inc. could be seeing weaker-than-expected demand for its iPhone product line, especially in China, where trade tensions have been weighing down sales, analysts said on Monday.Shares of Apple rose 0.7%, rebounding after a three-day decline. While the stock is up about 12% from a low hit earlier this month, Apple is still down more than 8% from a peak in early May.JPMorgan wrote that macroeconomic uncertainty “is likely to drive greater headwinds to the smartphone market.” The bank lowered its iPhone shipment forecasts for the second quarter through the fourth quarter, dropping them by 4% to 139.5 million units. Analyst Samik Chatterjee also trimmed his price target by $2 to $233, although he kept his overweight rating.The macro issues are “cyclical and likely resolved with a trade resolution,” Chatterjee wrote, adding that Apple could see a tailwind from its growing services business.The iPhone is critically important to Apple’s fortunes, accounting for more than 60% of the company’s 2018 revenue, according to data compiled by Bloomberg. The company derived nearly 20% of last year’s revenue from China, and weakness there pushed Apple to cut its sales forecast in January.JPMorgan was not the only firm to express caution about the outlook for iPhone sales on Monday. Longbow Research wrote that “concerns are rising that the ban on sales to Huawei will further impair iPhone demand in China,” and that there was a risk Apple “will not see notable share gains outside of China.” Analyst Shawn Harrison has a neutral rating on Apple, and wrote that the company’s efforts “to expand the reach and breadth of its services is key amidst a challenged iPhone demand environment, particularly in China.”Loop Capital Markets wrote that while iPhone unit demand was “well aligned with Street expectations” for June, consensus forecasts were “too high” for the second half of the year.“We continue to believe that risk remains to iPhone revenue through the year from mix (both units and capacity per unit), but with a stabilizing China,” analyst Ananda Baruah wrote, affirming Loop’s hold rating and $190 price target.A more optimistic view on the iPhone came from Credit Suisse, which wrote that China iPhone sales were becoming “less bad.”“The pace of decline for iPhone shipments in China has significantly improved” so far this quarter, analyst Matthew Cabral wrote, touting the impact of price cuts. But he noted that units were still down 4% this quarter compared with the year-ago period, and that iPhones were “lagging the overall Chinese smartphone market.”While “less bad” is a “clear positive given the magnitude of the prior headwind, risk remains,” he wrote. Credit Suisse has a neutral rating and $209 price target.Cabral expects trade-related uncertainty will keep the stock within a range, but that risks are “skewed to the downside.”Even beyond trade, he added that “aggressive local competition and a narrower ecosystem advantage in China remain deeper structural challenges for Apple, with no easy near-term fix.”To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Analysts continue to worry about both the trade war with China and this year’s iPhone product cycle, ahead of the arrival of 5G models in 2020.
Apple CEO Tim Cook addressed the graduates of the 128th class of Stanford University on Sunday, and borrowed a few words from his mentor Steve Jobs. "Fourteen years ago," Cook said, "Steve stood on this stage and told your predecessors: 'Your time is limited, so don't waste it living someone else's life.' Here's my corollary: 'Your mentors may leave you prepared, but they can't leave you ready.'"
The move by Europe's biggest lender by assets comes as it plans a broader strategic shift to try to improve performance in the United States at a time when many lenders are retrenching. HSBC, which makes more than 80% of its profit in Asia, last month announced plans to boost its Asia retail wealth management staff by about 300 by end of this year. HSBC Bank USA said it would hire more than 300 employees as part of the expansion of its national retail branch network that would add up to 50 branches in new and existing markets.
On June 3, Apple (AAPL) announced its latest phone and desktop operating systems, iOS 13 and macOS Catalina version 10.15, respectively, during its 2019 Worldwide Developers Conference. During the event, the company also revealed that it would be discontinuing the iTunes app on both systems.
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to Theranos, a disgraced startup.
You can save money by doing a quick check and unsubscribing from apps you no longer use.
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.
Apple (AAPL) announced the macOS Catalina, the latest version of its desktop operating system, on June 3. While the company makes changes to its apps every year and introduces new features with each new version, macOS Catalina seems to be bringing forward some exciting new features.
Last week, Apple (AAPL) announced its latest desktop operating system version 10.15, macOS Catalina, during its 2019 Worldwide Developers Conference. While the company has already released the beta version of macOS Catalina, the final version is expected to be available this fall.
A timely resolution to U.S.-China trade tensions could add $25 to Apple’s share price within months, according to new research.
Chip maker Broadcom’s full-year sales guidance reduction may point to poor iPhone sales, according to Bank of America Merrill Lynch. Apple is Broadcom’s biggest customer.
A $25 increase would be about 13% above Apple’s closing price of $194.15 a share on Thursday and would take its market value back into 13 figures. Apple in August became the first U.S. company with a $1 trillion value, though it’s been below that since November. Apple shares were down 1% at 4:12 a.m. in New York trading before U.S. exchanges open.