Apple Inc

Companies hope for rosy outlook with injection of new aesthetic business

SINGAPORE (Oct 17): People say money cannot buy self-esteem, but it sure can buy a whole new look. The aesthetic and wellness industry is booming, with the affluent market demanding to look their best, whether that means getting a new chin or looking years younger (and lighter).

Some healthcare providers such as Singapore Medical Group (SMG) and Thomson Medical Group have added aesthetics to their range of specialist practices.

Apple, Foxconn broke a Chinese labour law to build latest iPhones

(Sept 9): Apple Inc and manufacturing partner Foxconn violated a Chinese labour rule by using too many temporary staff in the world’s largest iPhone factory, the companies confirmed following a report that also alleged harsh working conditions.

Trump tumult has gadget giants splitting along US-China lines

(Aug 16): Even the unseasonable downpour couldn’t dampen the spirits of the executives and officials gathered on the Indonesian island of Batam to cut the ribbon on a new Pegatron Corp factory. The men exchanged jokes as they took shelter under a white canopy, and when company vice chairman Jason Cheng pledged to hire hundreds of locals, the assembled audience erupted in applause.

Tech companies, network effect, universal apps: Where the future and the past are different, yet similar

SINGAPORE (Apr 29): A significant portion of the value we have seen created in technology has been credited to the network effect (or positive feedback loop) associated with digital platforms. Think Facebook, Apple, Amazon.com, Google (owned by Alphabet), Alibaba Group Holding and Tencent Holdings, all of which have cemented near-monopolistic positions in their respective businesses and generated hundreds of billions in value for shareholders.

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 movie subscription service called Apple TV+ that will stream original television shows and movies.

The star-studded lineup failed to excite investors, who sent Apple shares down 1.2%.

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 previous year, because of lower sales of the iPhone and a stronger US dollar. 

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.

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 much aggression when equities are one bad session away from a bear market.

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 Facebook, Apple, Netflix and Alphabet -- has posted a decline that would eclipse any full-month loss during the bull market.

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 retaliatory action against US farmers or industries, “we will immediately pursue phase three, which is tariffs on approximately US$267 billion of additional imports”.

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