An analyst believes that Apple’s fiscal third-quarter financial results will disappoint Wall Street, according to CNBC. Bernstein analyst Toni Sacconaghi predicts that Apple’s revenue will fall in the range of $47 billion to $49 billion for its June quarter, compared to the analyst average of...
Concerns over low iPhone demand continue to plague Apple, with the company’s shares cumulatively down 7.1 percent in the three trading sessions through Monday (April 23). According to USA Today, $63.9 billion of shareholder value was wiped out as a result of the decline, which...
Apple doesn’t report earnings until May 1, but that hasn’t stopped Wall Street analysts from cutting their forecasts for iPhone shipments, with Morgan Stanley the most recent to pile on. According to Bloomberg, Morgan Stanley analyst Katy Huberty cut her forecast for the number of...
The last Apple Watch-only store is closing its doors on May 13. According to Engadget, the store, located inside Shinjuku, Tokyo’s Isetan department store, is one of three pop-ups the company opened when it launched the smartwatch in 2015. Apple shut down the other two...
Apple and its suppliers saw their share prices fall on Thursday (April 19) after a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co. (TSMC). According to news from Reuters, due to concerns about the demand for iPhones, TSMC revised its full-year revenue target. TSMC,...
Samsung took the greatest share of cell phone activations in the U.S., edging out Apple and far surpassing LG. Consumer Intelligence Research Partners (CIRP) found that Samsung represented 39 percent of U.S. mobile phone activations, followed by Apple at 31 percent and LG at 14 percent,...
As Apple seeks to bring in more revenue from online services and content, the tech company plans to integrate the technology behind Texture into its Apple News mobile app and develop a premium magazine subscription offering, Bloomberg reported. Apple acquired Texture last month, which offers users subscriptions...
Apple’s HomePod voice-activated smart speaker is off to a slow start since launching in January with the company reducing its sales forecasts and cutting orders. Bloomberg, citing people familiar with the matter, reported that Apple has reduced the orders with Inventec, which is one of...
The Apple App Store endured its first ever contraction in 2017 — dropping from 2.2 million published iOS apps in the beginning of the year to 2.1 million by year-end. The news comes from a new report from Appfigures, according to TechCrunch. The App Store’s contraction was...
