Stock markets including the Dow and Nasdaq were hit with losses after U.S. President Trump announced a 10% increase in tariffs of about $300 billion worth of Chinese imports. Several retail stocks were also affected.
Apple Inc.’s (AAPL) sales grew very little, and its profit fell by 13% in its latest quarter. The company however projected revenue for the current quarter that topped analysts’ estimates. Apple’s stock jumped 4%.
Apple (AAPL) is releasing earnings today and it’s one of the most anticipated reports of the season. Can the company curb its iPhone sales decline, and how will they approach the smartphone maturing industry moving forward?
While we’re still waiting for Apple’s Earning Report, a new report says that all three new iPhones will support 5G. Analyst Ming-Chi Kuo noted that Apple has more resources for developing the 5G iPhone after the acquisition of Intel baseband business.
The Apple Card, a high-profile credit card partnership between Goldman Sachs and Apple, is scheduled to launch in the first two weeks of August.
While introducing new lower-cost MacBook Air and 13-inch MacBook Pro computers, Apple decided to discontinue its standard 12-inch MacBook. The new upgraded Mac’s will be even cheaper for college students.
Apple unveiled its plans to release its new generation iPhones enabled with 5G network in 2020 but there is no mention of cryptocurrency anywhere among the new releases. Meanwhile, AAPL aims to display strength nearing next earnings release.
Evercore analysts think Apple (APPL) stock is undervalued but believe the company can continue to drive strong momentum in services while increasing average selling prices to partially offset iPhone unit declines.
On June 3 Apple is going to announce its latest innovations at the Worldwide Developers Conference in San Jose, California. Don’t expect new iPhone, but be ready for the new iOS, different approach to apps, breakup of the iTunes and probably new Mac.
Huawei’s own operating system for smartphones and laptops could be ready for use in China by fall this year. Richard Yu, CEO of Huawei’s consumer business said an international version of the operating system could be ready in 2020.