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Topic: China

What analysts are saying in the wake of Apple's holiday quarter financial report

01/30/2019, 01:01 pm

Early analyst reactions are all over the place after Tuesday's results call, in which Apple reported $84.3 billion in revenue for the December quarter, more than it expected in its early-January revision, but less than it predicted for the quarter in November.

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'Dysfunctional' analysts 'cut and run' from Apple results call, says Jim Cramer

01/30/2019, 10:01 am

Apple's December-quarter results call was "dysfunctional," but not from Tim Cook's and Luca Maestri's side because analysts didn't know how to react when they learned that the numbers weren't as bad as feared, according to the host of CNBC's "Mad Money," Jim Cramer.

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Apple's Q1 figures show precipitous 26.7 percent revenue drop in China

01/29/2019, 05:01 pm

Apple on Tuesday detailed what CEO Tim Cook only hinted at earlier this month, acknowledging a 26.7 percent drop in its December-quarter Chinese revenues.

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Apple to lower iPhone pricing in key markets after sluggish December quarter

01/29/2019, 05:01 pm

Following the release of Apple's earnings report on Tuesday, CEO Tim Cook revealed the company is planning price changes for iPhones overseas to goose sales of the device after sluggish sales in China and other regions during the important holiday quarter.

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Apple stock claws back to very nearly where it was before the revenue revision

01/25/2019, 04:01 pm

Apple shares closed at $157.76 on Friday, reclaiming nearly all of the valuation that the company lost following a bombshell guidance downgrade made on Jan. 2.

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Apple in 2019: Will a recession ruin its run?

01/25/2019, 01:01 pm

Apple has faced profound challenges in the past from powerfully entrenched adversaries that once looked like they might derail the company's advancement, including Microsoft, Nokia, Google, Motorola, and Samsung. But today, with no real competitors standing in its way, will Apple's premium-priced trajectory get knocked out of alignment by a recession in China and global aftershocks? Here's a look at Apple's future informed by its recent past.

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Chinese iPhone shipments dipped 3.1M in Q4 2018, full year down 2.5M units

01/24/2019, 07:01 pm

Shedding light on Apple's China woes, Strategy Analytics on Thursday published smartphone shipment estimates for the region covering calendar 2018 that shows a precipitous decline in iPhone unit growth.

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Apple's holiday quarter revenue miss not fully appreciated by Wall Street, says Gene Munster

01/24/2019, 01:01 pm

Wall Street predictions for Apple's future demonstrate that the analysts don't yet have a good handle on the long-term effects of Apple's predicted $5 billion shortfall during the holiday quarter according to long-time Apple analyst Gene Munster.

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Apple in 2019 and the case of the expensive iPhone

01/24/2019, 09:01 am

A glance at the writing that passes for financial news headlines today might make it appear that Apple is entering 2019 with troubled sales, intense new competition emerging in China, and a weakening economy where nobody can afford to buy its expensive products anymore. The solution held up by many pundits is so old that it sounds comfortably soothing: iPhones should be cheaper! But they're wrong, here's why.

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Foxconn says it will hire 50,000 in China amid claims of iPhone-related layoffs

01/22/2019, 09:01 am

Apple's main assembly partner, Foxconn, said on Tuesday that it's aiming to hire over 50,000 people across its Chinese factories during the first quarter, which may at least eliminate any worst-case scenarios in the aftermath of weak iPhone sales.

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Foxconn examining shift of iPhone assembly to India

01/22/2019, 08:01 am

Foxconn is examining an expansion into India to both skirt a potential US-imposed tariff, as well as to help Apple comply with Indian requirements to manufacture locally.

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China lambastes Apple, others for 'incorrect' references to Hong Kong & Taiwan

01/17/2019, 09:01 am

A think tank linked to the Chinese government is criticizing Apple, Amazon, Nike and other foreign companies for using "incorrect labels" in reference to Hong Kong and Taiwan.

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Bleak smartphone industry could lead to double-digit iPhone decline in 2019

01/16/2019, 03:01 pm

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.

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HomePod heads to Hong Kong & mainland China on Jan. 18

01/13/2019, 05:01 pm

The HomePod, available in the U.S. for nearly a year, will at last ship to Hong Kong and the Chinese mainland on Jan. 18, Apple said in a rare Sunday announcement.

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Apple slashes iPhone XR prices for Chinese resellers in bid to kickstart demand

01/10/2019, 05:01 pm

Apple has reportedly knocked down the pricing of iPhone XR units sold by Chinese channel resellers by about $100, hoping to revive the market's sagging iPhone sales.

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The WSJ calling the iPhone XR a failure that 'can't sell' is ludicrously mistaken

01/08/2019, 03:01 pm

The Wall Street Journal is telling stories of an arrogant fall from grace by the world's leader in smartphone profits, centering on the new iPhone XR -- a model that ostensibly failed to live up to its hyped expectations. However, that cyclical tale of Apple's impending doom is really a contrived bit of fiction that isn't based in facts.

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November iPhone sales may be down 20 percent year-on-year, with iPhone XR as the top seller

01/08/2019, 09:01 am

The sales of iPhones went down in November by a fifth compared to 2017, according to sales estimates from Counterpoint, but while the iPhone XR is said to have become Apple's most popular currently-sold model, it hasn't reached the same volume of sales as the iPhone X in the same period the previous year.

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Apple financial miss not due to US-China trade dispute claims Commerce Secretary Wilbur Ross

01/07/2019, 11:01 am

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.

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Apple not the only one hit badly by China economy -- Samsung is taking a beating too

01/07/2019, 10:01 am

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.

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Editorial: Apple note sends media pundits into a fit of histrionic gibberish

01/05/2019, 01:01 pm

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.

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