Rumblings against Apple's sizable take from App Store revenues could have an impact on the company's stock, given the new focus on Services revenue, an analyst said on Friday.
The entire smartphone industry may be under a great deal of strain in 2019, with the biggest impact felt at the higher end as manufacturers like Apple and Samsung are poised to take a big hit, assuming a market analysis by J.P. Morgan is correct.
Apple's original retail head Ron Johnson urged investors to buy the company's stock on Wednesday, calling it a good long-term bet, and arguing that iPhone sales will revive during the next cycle.
Brokerage company TD Ameritrade has found a solution to the problem of allowing customers immediate access to funds transferred to their accounts as simply as possible, one that takes advantage of Apple's mobile payment features, including Apple Pay and Apple Business Chat.
Global smartphone production is continuing to fall and will do for some time, according to analysts for Credit Suisse, with the investment bank forecasting production in the first quarter of 2019 for all manufacturers including Apple will fall to a level last observed in 2013.
HSBC has joined the ranks of analysts and investors who have lowered their expectations for Apple after the company's revenue warning, with the firm seeing issues both with the iPhone's average selling price and how the company is handling multiple issues in China.
Apple is slated to hold its annual shareholders meeting in March at Apple Park's Steve Jobs Theater, where stock holders are invited to cast their vote on both routine proposals involving the company's board and executives, as well as and two shareholder proposals on modified proxy access and board diversity.
Commerce Secretary Wilbur Ross has advised that Apple's reduced revenue expectations are not due to trade tensions between the United States and China, while simultaneously claiming that the dispute between the two countries "certainly has hurt" the Chinese economy.
Samsung is preparing to follow Apple in warning of lower than anticipated revenue, with the South Korean electronics giant expected to advise of a 12-percent year-on-year quarterly operating profit drop, its first in a two-year period.
After Apple restated its December quarter revenue guidance to account for weaker than expected iPhone demand in China, media across the spectrum has cranked their clickbait content generators up to 11 to take full advantage of AAPL panic season. Unfortunately, what almost all of them are writing is ignorant gibberish that has nothing to do with actual events.
Apple is "going to be fine," President Donald Trump advised on Friday in comments about the iPhone maker's recent financial stumble, while also taking credit for the company's rise in value since taking office almost two years ago.
Following the revision to Apple's earnings estimates on Wednesday, a second law firm has started investigating Apple's public claims about its disclosures surrounding business in China.
While Apple's critics are scrambling to portray its restatement of guidance as some sort of evidence of a "lack of innovation" or "pricing that's too high," the reality is that it's simply evidence that President Trump's tariff war on China has hurt a key Apple market. Apple has never been better positioned— and its competition is now performing so badly that any one of them would love to be in Apple's shoes.
Since Apple revised its revenue guidance on Wednesday, analysts have been quick to jump on the news with their opinions on the lower-than-expected iPhone sales and reduced revenues primarily from the Chinese market. AppleInsider rounds up a number of the statements made by the commentators.
Following up on the sudden news that December-quarter earnings will be lower than predicted by between $5 billion and $9 billion, Apple CEO Tim Cook promised future changes in a memo to employees.
By the looks of the headlines since Wednesday afternoon, you'd think that Apple Park is on fire, and the company is headed for a loss for the quarter. While the earnings miss discussion isn't a net positive for the company, there are still a few things to keep in mind.
After issuing an earnings forecast correction on Wednesday, Apple CEO Tim Cook sat down to discuss the anticipated revenue dip and a range of related topics including rising diplomatic tensions between the U.S. and China.
Apple on Wednesday said it will report quarterly earnings for the first quarter of 2019 on Jan. 29, when company executives are expected to detail a a rare revenue forecast cut on the back of weak iPhone sales.
In a surprise move, Apple on Wednesday revised down revenue guidance for its current December quarter, with CEO Tim Cook blaming the performance on lower than expected iPhone sales.
A new report is calling Apple's stock buyback program, which amounted to $62.9 billion in the first half of 2018, a bad investment, while ignoring the actual impact of what happens when a company retires shares.
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Roger Fingas
Malcolm Owen
Mikey Campbell
AppleInsider Staff
Daniel Eran Dilger
Mike Wuerthele
Andrew O'Hara
