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.
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.
Analysts have been quick to offer diverse reactions to Apple's WWDC 2019 announcements, though generally agreeing that the company put a focus on unique software upgrades and helping out app developers.
The global smartphone market will continue to decline, new forecasts from Canalys suggests, with the actions of the US government in attacking Huawei and the ongoing US-China trade tensions thought to worsen shipment figures across the industry, and spare no manufacturers.
Ride-hailing app Uber reported a billion-dollar loss in its first quarterly financial results since becoming a public company, a loss attributed to rapidly-rising expenses as it continues to seek growth, and one that also met the company's forecasts for the quarter.
While Huawei is going to take a giant hit worldwide from US sanctions, Apple in China will likely see a drop in shipments for 2019, resulting in sales less than half the levels seen at its peak in 2015, says JP Morgan.
The ongoing trade tensions between the United States and China has prompted analysts at Citi to cut their forecast for Apple's earnings in the second half of 2019, citing the belief unrest by Chinese consumers will result in lower iPhone demand in the country.
As rumored, Lady Gaga christened the new classic Apple logo-themed stage in the center of Apple Park with a concert, celebrating not just the opening of the headquarters, but what founder Steve Jobs did for the arts and the world.
Apple's growth rate of the install base of active iPhones is flattening a bit in the US, analysis from CIRP claims, with the number of iPhones in use estimated to have grown 2% between the start of January and the end of March.