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Apple forecasts strong revenue even as iPhones drop to under half of sales
Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets.
Apple grants $100 Million lifeline to struggling Japan display
It’s been a roller-coaster month for Japan Display’s shareholders. The stock fell to near a record low on June 17 after TPK’s withdrawal, then soared 18% on Thursday after a report emerged that Apple was considering financial support.
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Winners and losers in Trump's trade war with China
Trump said on May 5 he would raise tariffs on $200 billion worth of Chinese goods from 10 per cent to 25 per cent, ratcheting up pressure on Beijing to agree to a deal.
Apple’s US iPhones can all be made outside of China if needed
According to a senior executive at Hon Hai Precision Industry Co, Apple's primary manufacturing partner has enough capacity to make all iPhones bound for the US outside of China if necessary.
Supreme Court allows lawsuit over iPhone apps
New Justice Brett Kavanaugh is joining the court's four liberals Monday in rejecting a plea from Cupertino, California-based Apple to end the lawsuit over the 30 per cent commission the company charges software developers whose apps are sold through the App Store.
Apple, luxury brands drop China prices as VAT cuts come into effect
Beijing said in March that it would cut taxes and fees for all companies by nearly 2 trillion yuan in 2019, with the manufacturing, transportation and construction sectors set to benefit as it looks to stimulate a slowing economy.
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Apple's shift from gadgets to services tests investor patience
Apple's expansion beyond hardware is taking longer than some analysts expected as the company learns to wrangle new partners outside the technology industry.
Apple self-driving car layoffs are a nod to reality
As difficult and demanding a partner as Apple can sometimes prove to be, the greater issue was always likely to be that its autonomous technology wasn’t up to scratch. Alphabet Inc.’s Waymo now has hundreds of cars being tested and gathering data.
iPhone sales miss estimates, but sell for higher price
The average sales price for the devices came in at $724, beating expectations for $699 and indicating strong demand for higher-priced models like the iPhone X.
Apple’s Tim Cook calls tariffs a ‘tax on the consumer’
Apple CEO Tim Cook said no Apple products were directly affected by the tariffs implemented by the Trump administration so far.
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