Apple Inc

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”.

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 company’s shares down 1.2% to US$221.07.

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 US$2,050.2677.

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 Series 3 and Apple TV.

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