New tariffs on Apple products imported to the United States from China are again in question, as White House economic advisor Larry Kudlow suggests President Donald Trump is still open to making a trade deal that could change the situation.
Apple's reported operational expenses for research and development in the June quarter hit a new all-time high of $4.257 billion, well over twice the quarterly spending it reported in 2015. Apple's aggressive expansion demonstrates the company is building for the future even as its rivals retreat from tablets and smartwatches and fail to keep pace with Apple's aggressive OS updates and custom silicon work.
China has not just asked state-owned business to stop buying American agriculture, but it has also devalued its own currency to counter President Donald Trump's 10% tariff threat on $325 billion in electronics — and it is having a profound impact on Apple's stock and that of its suppliers.
Following the announcement of Apple's record-setting June quarter revenue of $53.8 billion, analysts have been quick to pass judgment on the iPhone maker's fortunes, with Apple exceeding expectations but still with some trepidation present for the fourth quarter results ahead of an anticipated high-performing 2020.
Apple earned $53.8 billion in revenue during its third fiscal quarter of 2019, according to financial results the iPhone maker revealed on Tuesday, with services again making big gains to reach another all-time high.
Apple's June-quarter financial results will be published on Tuesday, and the iPhone maker's performance will be discussed at length by analysts. Here's what industry observers currently expect Apple will reveal in the filing and the ensuing analyst conference call.
Apple's Services arm is set to go under a number of changes that could apply pressure to the company, Macquarie suggests in its pre-Apple results report, with concern over App Store commission revenue from in-app purchases not able to be offset by the iPhone maker's newest subscriptions for the moment.
Apple is an attractive company to invest in ahead of its upcoming earnings report, Morgan Stanley suggests, with low Wall Street estimates for September and negative investor sentiment for the iPhone maker's current state potentially making decent results for the next quarter seem better.
Apple Chief Operating Officer Jeff Williams has been touted as being very similar to CEO Tim Cook in terms of his management style in a profile article, which shouldn't come as a surprise to anybody. Despite claims that he is being groomed to replace Cook, it is unlikely he will be taking over as the company chief anytime soon.
Apple A-series chip partner TSMC anticipates a strong second half of 2019 for its finances based on strong demand for its chips, even after the manufacturer beat both its own revenue forecasts and those of analysts for the most recent quarter.
Apple's use of a 5G modem in the 2020 iPhone could trigger high sales for the smartphone generation, Raymond James suggested while upgrading their rating of Apple shares, but the firm is still concerned the 2019 cycle will be "the weakest in years."
Goldman Sachs has burned through considerable amounts of money on Apple Card and its other consumer-facing initiatives, with the investment bank revealing it has spent around $275 million in 2019 alone on public-based projects.
A tracked group of Apple iPhone suppliers reportedly saw their aggregate revenues rise year-over-year in June for the fourth consecutive month, suggesting strong performance of existing iPhone sales, even as they prepare for new models this fall.
Analysts at Rosenblatt Securities have changed their tune about Apple's stock, downgrading it to 'sell' over the belief it will face 'fundamental deterioration" for the next year, as well as predicting disappointing iPhone sales for the second half of 2019.
Apple will announce quarterly earnings for its third fiscal quarter of 2019 on July 30, with company CEO Tim Cook and CFO Luca Maestri expected to share details regarding specific segment performance in an investor conference call.
To take advantage of the Huawei ban, Apple increased production of iPhones across the entire quarter that concludes at the end of June, Cowen analysts said in report issued on Thursday.
Apple has formally requested that the U.S. not impose tariffs upon its imported products in a letter, saying that it would greatly impact Apple's business, and unfairly benefit competitors.
In a perfect demonstration of how writers seeking to advance a narrative can take a molehill of flawed data and create a mountain of fearsome clickbait, Axios just dug up IDC's "embarrassing" smartphone data from the March quarter in an effort to portray Apple as doomed.
The potential breaking up of major technology companies like Apple should be examined, presidential candidate Senator Bernie Sanders has suggested, seemingly joining calls to curtail the influence of firms that are accused of being monopolistic in nature.
Investor concerns about Apple's fortunes in China are "somewhat overblown," analysts from JP Morgan suggest, with shareholders also accused of failing to see the potential revenue generation of Apple's Services arm.
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Malcolm Owen
Daniel Eran Dilger
Mike Wuerthele and Malcolm Owen
Roger Fingas
AppleInsider Staff
Amber Neely
