U.S. President Donald Trump made good on a trade war deadline on Friday, increasing tariffs on some Chinese imports. While Apple products have so far evaded impact, that may be short-lived.
The CEO of Apple power chip supplier Dialog Semiconductor sounded a positive note on the Chinese smartphone market on Thursday, though whether or not Apple will benefit remains to be seen.
After President Donald Trump used Twitter to threaten a dramatic escalation of America's trade war with China, stocks tumbled in early trading. Apple was hit particularly hard, with shares dropping by more than 3%.
Apple CEO Tim Cook sounded a positive note on China in announcing the company's March-quarter results, saying sales there are looking better.
Following the publication of its second fiscal quarter of 2019 results, encompassing January through March, Apple provided additional detail surrounding the continuing situation in China, as well as more information about the Services business in an earnings conference call.
Suggesting Apple won't recover in the country anytime soon, the company reportedly saw its worst decline in Chinese iPhone shipments of the past two years during the March quarter.
Investors consistently undervalue Apple's Services, and iPhone sales are strong, which has led Morgan Stanley to raise the target price for Apple stock to $234.
Analysts at Goldman Sachs have improved their view of Apple's share, raising the stock's 12-month target price from $140 to $182 under the belief demand in China is no longer an issue, at the same time as anticipating Apple will beat its guidance for the upcoming financial results.
Apple and Samsung are often depicted as cutthroat enemies, but it's also no secret they are also their own largest customers, unquestionably dependent upon the success of each other's business. Could that change, and would the world be better off with just a single, giant, more vertical phone maker?
In a rare move for an Apple executive, new retail head Deirdre O'Brien has joined Instagram, inaugurating her account with a handful of photos from a worldwide business tour.
Foxconn's chairman, Terry Gou, said on Wednesday that he's running to become President of Taiwan, a move that could trigger political and economic waves including at Apple.
While Apple's iPhone is increasingly ubiquitous in the U.S., the product's share is declining in urban China and the five major European markets, according to new research estimates.
Apple's decision to pull songs from its Apple Music service in China by pro-democracy musicians has come under fire from US lawmakers, suggesting Apple should not be taking part in what amounts to censorship by the Chinese government.
Apple's fortunes in China are slowly turning around, suggests Morgan Stanley, with a continuation of share growth for the iPhone user base in March taken as an indicator of better than expected results heading into Apple's upcoming quarterly financial results.
Two engineering students in Oregon are accused of bringing thousands of counterfeit iPhones to Apple and having them replaced with real ones that they then shipped to China for sale.
"Apple slashes prices in China" was the dramatic headline shared by outlets this week ranging from CNBC to VentureBeat. That's not actually true, so why is it being reported?
Apple has reduced the price of its products in China once again, cutting the price of the iPhone, iPad, AirPods, and other items in the market as the company attempts to resuscitate its disappointing sales figures in the highly-prized region from the last quarter's financial results.
Following Monday's release of macOS 10.14.4, Macs sold in China are reportedly no longer displaying the Taiwanese flag emoji — though it's apparently easy to rectify the issue.
Chief Apple rival Samsung Electronics on Tuesday warned investors that it would report disappointing results for the March quarter, foremost blaming "weakening overall demand."
Apple CEO Tim Cook visited Beijing this week, touring businesses and local landmarks, as well as meeting with China's Vice Premier Sun Chunlan.
{{ summary }}
Roger Fingas
Daniel Eran Dilger
Mike Wuerthele
Malcolm Owen
William Gallagher
