Apple Inc

Apple spotlights services with TV, gaming and credit card offerings
CUPERTINO/CALIFORNIA (Mar 26): Apple Inc attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a streaming television service, a credit card and an online gaming arcade. With appearances by Oprah Winfrey and Steven Spielberg, the world’s second-most valuable technology company lifted the curtain on a television and ...
Can Apple remake itself as a services play?
SINGAPORE (Feb 4): The headlines around Apple, until recently the world’s largest company, have been focused around a saturated market for its smartphones and falling sales of its high-end phones in China. While Apple’s earnings per share are still growing, mainly owing to a massive US$75 billion ($101.3 billion) annual share buyback plan, its revenues fell 5% in the December quarter from the ...
Apple cuts outlook as Chinese slowdown hits demand for iPhones
(Jan 3): Apple Inc cut its revenue outlook for the first time in almost two decades citing weaker demand in China, triggering a slump for Asian suppliers and a wave of lower price targets on Wall Street. Chief Executive Officer Tim Cook said sales will be about US$84 billion in the quarter ended Dec 29, down from earlier estimates of US$89 billion to US$93 billion. Apple posted sales of ...
Trump's two-year stock honeymoon ends with hunt for betrayer
(Dec 24): Nobody was happier to take credit for surging stocks than Donald Trump, who touted and tweeted each leg up. Now the bull is on life support and the search for its killer is on. And while many on Wall Street share the president’s frustration with the man atop his markets enemies list, Federal Reserve Chairman Jerome Powell, they say Trump himself risks making things worse with too ...
Tech's US$900 bil rout is price of earnings becoming ordinary
(Oct 11): Investors enamoured of tech stocks that suddenly seem only to fall are searching for answers. The simplest may be that the group just isn’t that special anymore. Another earnings season is here and again the whole US stock market feels like it’s at risk of being laid low by tremors originating in the technology sector. Ten days into October and the Nasdaq 100 Index -- home of ...
Trump slaps tariffs on US$200 bil in Chinese goods, spares some consumer tech
WASHINGTON (Sept 18): US President Donald Trump escalated his trade war with China on Monday, imposing 10% tariffs on about US$200 billion ($275 billion) worth of Chinese imports, but sparing smart watches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats. Trump, in a statement announcing the new round of tariffs, warned that if China takes ...
Apple iPhones get bigger and pricier; Watch turns to health
CUPERTINO, CALIFORNIA (Sept 12): Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems on Wednesday in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. The relatively small changes to its lineup, following last year’s overhauled iPhone X, were widely expected by investors, who sent the ...
Amazon touches US$1 tril, on pace to overtake Apple
(Sept 4): Amazon.com Inc on Tuesday briefly joined Apple Inc to become the second US$1 trillion ($1.38 trillion) publicly listed US company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing. Its shares traded as high as US$2,050.50 before easing a little to end the session at US$2,039.51, up 1.3% and just short of the milestone level of ...
4 things you need to know about Apple’s iPhone X launch
SINGAPORE (Sept 13): On the 10th anniversary of the iPhone, the launch of Apple Inc’s latest suite of mobile devices on Tuesday was expected to be epic. And the consumer electronics giant did not disappoint. Headlined by its most expensive smartphone ever – the special anniversary iPhone X – Apple’s launch also featured nifty upgrades for the iPhone 8 and 8 Plus, as well as Apple Watch ...
Can augmented reality help Apple iPhone X outgun cheaper alternatives?
(Sept 13): Apple Inc. packed its $1,000 ($1,350) iPhone with augmented reality features, betting the nascent technology will persuade consumers to pay premium prices for its products even as cheaper alternatives abound. The iPhone X, Apple’s most expensive phone ever, was one of three new models Chief Executive Officer Tim Cook showed off during an event at the company’s new US$5 billion ...