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.
To take advantage of the Huawei ban, Apple increased production of iPhones across the entire quarter that concludes at the end of June, Cowen analysts said in report issued on Thursday.
Apple has formally requested that the U.S. not impose tariffs upon its imported products in a letter, saying that it would greatly impact Apple's business, and unfairly benefit competitors.
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.
According to the U.S. Labor Department, Apple supplier Foxconn is still having problems meeting promised hiring goals, and has laid off 155 employees in Indiana, moving the positions to Mexico.
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.
Despite the U.S.-China trade war, and loud anti-Apple sentiment on Chinese media, the iPhone is still in demand in China, according to a survey of purchase intent in the country.
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.
Apple could face serious "collateral damage" from the Trump administration's bans against Huawei, even if iPhone shipments seem to be on the rebound in the short term, Cowen analysts said on Tuesday.
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.
Though there's no sign of such action on the horizon, a Chinese ban on Apple business would decimate the company, knocking 29% percent off earnings, according to a Goldman Sachs analyst.
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 on Thursday pushed out a redesign for its Investor Relations webpage that provides easy access to current and historical financial data, and integrates a live feed from the company's Newsroom.
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.
Apple has regained its position of third place on the Fortune 500 list of companies following a brief slip in 2017, with the iPhone maker also identified as the most profitable company on the list in 2018, a title it has managed to hold onto for five years in a row.
The fallout from the U.S. Supreme Court's decision to allow an antitrust lawsuit against Apple over an alleged monopoly on iOS apps via the App Store won't immediately affect the company, suggests Morgan Stanley, but the legal threat could affect the stock value for years.
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AppleInsider Staff
Amber Neely
Daniel Eran Dilger
Malcolm Owen
Roger Fingas
