Commerce Secretary Wilbur Ross has advised that Apple's reduced revenue expectations are not due to trade tensions between the United States and China, while simultaneously claiming that the dispute between the two countries "certainly has hurt" the Chinese economy.
Samsung is preparing to follow Apple in warning of lower than anticipated revenue, with the South Korean electronics giant expected to advise of a 12-percent year-on-year quarterly operating profit drop, its first in a two-year period.
After Apple restated its December quarter revenue guidance to account for weaker than expected iPhone demand in China, media across the spectrum has cranked their clickbait content generators up to 11 to take full advantage of AAPL panic season. Unfortunately, what almost all of them are writing is ignorant gibberish that has nothing to do with actual events.
Apple is "going to be fine," President Donald Trump advised on Friday in comments about the iPhone maker's recent financial stumble, while also taking credit for the company's rise in value since taking office almost two years ago.
Following the revision to Apple's earnings estimates on Wednesday, a second law firm has started investigating Apple's public claims about its disclosures surrounding business in China.
While Apple's critics are scrambling to portray its restatement of guidance as some sort of evidence of a "lack of innovation" or "pricing that's too high," the reality is that it's simply evidence that President Trump's tariff war on China has hurt a key Apple market. Apple has never been better positioned— and its competition is now performing so badly that any one of them would love to be in Apple's shoes.
Since Apple revised its revenue guidance on Wednesday, analysts have been quick to jump on the news with their opinions on the lower-than-expected iPhone sales and reduced revenues primarily from the Chinese market. AppleInsider rounds up a number of the statements made by the commentators.
Following up on the sudden news that December-quarter earnings will be lower than predicted by between $5 billion and $9 billion, Apple CEO Tim Cook promised future changes in a memo to employees.
By the looks of the headlines since Wednesday afternoon, you'd think that Apple Park is on fire, and the company is headed for a loss for the quarter. While the earnings miss discussion isn't a net positive for the company, there are still a few things to keep in mind.
After issuing an earnings forecast correction on Wednesday, Apple CEO Tim Cook sat down to discuss the anticipated revenue dip and a range of related topics including rising diplomatic tensions between the U.S. and China.
Apple on Wednesday said it will report quarterly earnings for the first quarter of 2019 on Jan. 29, when company executives are expected to detail a a rare revenue forecast cut on the back of weak iPhone sales.
In a surprise move, Apple on Wednesday revised down revenue guidance for its current December quarter, with CEO Tim Cook blaming the performance on lower than expected iPhone sales.
A new report is calling Apple's stock buyback program, which amounted to $62.9 billion in the first half of 2018, a bad investment, while ignoring the actual impact of what happens when a company retires shares.
Longtime Apple analyst Gene Munster on Wednesday issued predictions on the 2019 tech stock landscape, saying Apple will outperform its fellow FAANG (Facebook, Amazon, Apple, Netflix and Google) investment options on the back of a growing services business and consumer-minded company ethos.
Apple's hardware designs, software, icons, marketing, retail strategy, and branding have all been closely copied by its rivals. One thing they aren't copying is Apple's vast, premium installed base of loyal buyers. That's the primary foundation of Apple's wildly successful, global business that's uniquely selling massive volumes of luxury-class, premium-priced products in markets where competitors fight over sales of low-priced commodity units with thin margins. Why can't anyone else achieve what Apple has?
Another Wall Street firm has reduced its target for Apple's stock price, with Jeffries continuing a downward trend displayed by analysts in the last few weeks, but at the same time continues to support the idea that the Services arm will become a more important part of the company's finances in the future.
The continuing growth of Apple's Services arm won't last forever, warns Macquarie Research, advising investors of the possibility that revenue growth for that aspect of Apple's business could dip in 2019 for a variety of reasons.
News broke on Monday about a ban on iPhone imports and sales in China — and as you'd expect, a chorus of analysts freaked out about it immediately. Here's why they're wrong, and that the ruling isn't anything more than a negotiating tool by Qualcomm.
TSMC and Foxconn, two of Apple's major iPhone production partners, have reported street-beating revenue for November, casting some doubt on supply chain reports suggesting component suppliers are struggling following iPhone production cuts.
The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125.
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AppleInsider Staff
Malcolm Owen
Daniel Eran Dilger
Mike Wuerthele
Roger Fingas
Andrew O'Hara
Mikey Campbell
