It seems Apple will not get a break in the less-than-cheery news cycle it’s been operating on as of late, as analysts refuse to budge on their dismal outlook for the tech giant. As Bloomberg reported earlier this week, analysts at Canaccord Genuity Inc. are...
Warren Buffett’s Berkshire Hathaway has officially taken a stake worth more than $1 billion in Apple as of March 31, according to a regulatory filing. According to the filing, Berkshire owns 9.81 million in Apple Shares (worth $1.07 billion), which is noteworthy for a Buffett...
After a disappointing run of earnings that showed a severely anemic performance in China last quarter, Apple’s announcement last week that it was buying a billion dollar share in a Chinese ride-sharing app currently in a far east turf war in Asia seemed like something...
What’s happening to Apple’s stock is what no iPhone user ever wants to see happen to their device: dropping. Reuters reported that, yesterday (May 12), the tech giant’s share price fell below $90 for the first time since 2014. (While the price did close out...
Not many companies can lay claim to losing as much value in 12 months as the entire market cap of the world’s largest retailer and still remain standing. But that’s exactly what’s happened to Apple over the last 12 months. Apple has subtracted $234 billion from...
The leader of tech giant Apple is planning to visit China later this month, with the aim of meeting with highly placed officials in the country’s government, as the firm is “facing setbacks” in its biggest market outside the United States, The Guardian reported on...
The Apple vice president who was spearheading the tech juggernaut’s online retail business has left the firm, several news outlets noted on Friday (May 6). 9to5Mac reported that Bob Kupbens has left to take on an unidentified position at another firm. This would mark the end of...
Apple CEO Tim Cook is taking his show on the road — mostly to defend Apple against the ever louder chorus of naysayers that have emerged since Apple dropped a dismal earnings report last week. “I think that is a huge overreaction. Look, we just...
While everyone knows that the Apple figures that came out last week were something of a miss, a closer, deeper look confirms that the whiff was likely much bigger than Apple is taking credit for. The misses on the iPhone and worries on Apple’s Chinese...
