Apple will take multiple steps to mitigate the incoming 10% tariff on Chinese imports to the United States, Morgan Stanley believes, with the iPhone producer using non-Chinese assembly and supply lines for US-bound smartphones as a workaround that has been 16 months in the making.
A new report by CIRP shows that price seems to be the driving factor behind smart speaker adoption and market growth, with over 50 percent of the market belonging to entry-level Amazon Echo and Google Dot and Mini devices.
Barclays has started to cover Apple's stock once again, handled by a new managing director at the investment bank, but the initial view of the iPhone maker is dreary, landing it with a price target of $192 and an 'Equal Weight rating" based on 5G iPhone and Services pessimism.
Shopping search startup Fashwell employees started listing Apple as an employer on their LinkedIn profiles, hinting that the company may have been purchased by the iPhone maker.
Morgan Stanley is telling its investors that the growth of Apple's App Store is accelerating after a previous decline, and that this is due to the a recovery in revenues from China.
Since 2012, Apple has been buying back shares at the extraordinary rate of around $10 billion per quarter. A year ago it picked up the pace to around $20 billion per quarter. After a reprieve last winter, the company has resumed its buyback frenzy with its largest-ever quarterly funding: $24 billion in Q2 followed by $17 billion in the most recent June quarter. Here's why. [The original version of this article contained an error regarding the dates of Apple's quarterly buybacks.]
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.
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Malcolm Owen
Amber Neely
William Gallagher
Daniel Eran Dilger
Mike Wuerthele and Malcolm Owen
Roger Fingas
