Foxconn seeing 'difficult and competitive' 2019, slashing $2.9 billion in expenses

Foxconn is circulating a memo internally that says that it will be implementing a series of cost-cutting moves soon, to combat the effects of what it sees as being an difficult year for the company to continue to grow.

Mike Wuerthele 7 years ago 9

Goldman Sachs sees Apple stock stagnant for a year, slashes estimate

After only restarting coverage on Apple stock in early 2018, Goldman Sachs has cut its stock price forecast dramatically, because of perceived lack of demand for the iPhone XR, and lack of enthusiasm for Apple products in China.

Mike Wuerthele 7 years ago 36

Podcast

iPad USB-C, AAPL price, Apple poaching from Qualcomm and more on the AppleInsider Podcast

Victor Marks 7 years ago 2

Supply chain channel check stories hurting skittish investors, enriching Apple's shareholders

It might sound bad for investors long on Apple that the company's stock price has dipped so dramatically once again on new reports that claim supply chain rumors are somehow, suddenly a good way to forecast iPhone sales after being completely wrong year after year. But that's wrong, and here's why.

Daniel Eran Dilger 7 years ago 36

JP Morgan trims AAPL target to $266 on iPhone XR weakness, economic concerns

Samik Chatterjee from J.P.Morgan has very slightly cut the target price for Apple stock to $266 from $270 because of the overall economic climate, and the so-far "tepid" response to the iPhone XR.

Mike Wuerthele 7 years ago 11

Apple's services will grow to over $100 billion per year in 2023, says Morgan Stanley

Katy Huberty from Morgan Stanley has taken a deep-dive into Apple's services market segment, and has taken a close look at the factors that will make Apple's once-overlooked aspect of its business a major factor for investors to consider now, and in the future.

Mike Wuerthele 7 years ago 10

Apple relying on higher selling prices, services growth in fourth quarter analysts say

Going forward, Apple will be increasingly reliant on a combination of driving up average selling prices for iPhones and fostering services revenue, several analysts contended in the wake of the company's Q4 results.

Roger Fingas 7 years ago 32

Notes of interest from Apple's Q4 2018 earnings report and conference call

Apple set a new high for the September quarter that is continuing to be supported by a premium-priced iPhone lineup, as well as continued growth in the services segment. Following the publication of its fourth fiscal quarter 2018 results, the company provided additional detail on the record-breaking performance in an earnings conference call.

Mike Wuerthele 7 years ago 34

Hedge fund dumps Apple shares over fears of Chinese trade war

Billionaire David Einhorn's Greenlight Capital has disposed of all of its shares in Apple, due to fearing the potential retaliation from China against U.S. trade tariffs affecting imports, by imposing restrictions and other measures that could affect the iPhone producer in the country.

Malcolm Owen 7 years ago 15

AAPL ends day with new closing high of $229.28, hit $230 during trading

Apple has set yet another record in the financial markets today, with the trillion-dollar company hitting $230.00 during trading and achieving a new all-time closing high of $229.28 on October 2.

Malcolm Owen 7 years ago 10

Apple sold 43% of all phones priced above $400 globally in Q2, earned majority of handset profits

Apple's iPhone earnings were over 3.6 times that of Samsung and over three times the profits of the top four brands in China, as the company sold 43 percent of all "premium" phones globally.

Daniel Eran Dilger 7 years ago 32

Apple most shorted U.S. company, ahead of 'iPhone XS' launch

S3 Partners says Apple was the most shorted company at $9.8 billion, ahead of Amazon, Tesla, and Alphabet- but it may be a function of Apple's prominence and high valuation.

Stephen Silver 7 years ago 20

Warren Buffett's Berkshire Hathaway increases Apple position by 5 percent

Financial mogul Warren Buffett's Berkshire Hathaway loaded up on shares of Apple in the second quarter of 2018, increasing the fund's position to nearly 252 million shares at the end of the three-month period.

Mikey Campbell 7 years ago 17

This week on AI: AAPL valuation $1 trillion, Apple Watch saves lives, 2018 iPad Pro, more

Apple spanned international headlines by becoming a trillion-dollar company in valuation, and more from the Apple beat.

Mike Wuerthele 7 years ago 0

Podcast

Podcast discusses Apple's money, where it comes from, where it goes and more

William Gallagher 7 years ago 2

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