Apple loses $50bn in market valuation as fears grow of slowing iPhone sales November 12, 2018 Apple's shares fell five percent tonight after a major supplier cut its financial outlook, leading to fears demand for the iPhone has plateaued. The fall slashed $50bn (£38.9bn) from Apple’s market valuation with shares falling $20.30 to $194.17. The losses mean Apple’s market capitalisation has fallen $190bn since October, more than the entire market value [...]
Amazon to stock iPhones for Christmas after promise to clamp down on fake Apple products November 10, 2018 Parents or partners of Apple fans will be able to turn to Amazon this Christmas to buy the latest iPhone for their loved ones. In the next few weeks, the online retail giant will start selling iPhones and iPads in the US, Europe, Japan and India, expanding its previously limited range of Apple products. However, customers [...]
Apple shares continue to slide as tech giant cancels iPhone XR production boost November 5, 2018 Apple has reportedly told two of its smartphone manufacturers to stand down on plans for additional production lines for the iPhone XR, just days after the firm said it would not meet analyst expectations for sales over the festive period. Sources on Apple's supply chain told Japanese newspaper the Nikkei that while one Apple supplier had [...]
Apple shares drop as tech titan loses $1 trillion valuation November 2, 2018 Apple shares dived over five per cent as US markets opened today, causing the Californian company to fall below its $1 trillion valuation as investors reacted to its prediction of a Christmas slump. The tech giant yesterday warned shareholders that festive sales could fall below expectations, even as it recorded double-digit growth for the fifth consecutive [...]
Apple slides as Christmas sales forecast falters November 1, 2018 Californian tech giant Apple said its sales over the festive period could slip below consensus expectations, despite achieving its fifth consecutive quarter of double-digit revenue growth and its best September quarter to date. The company’s outlook on revenue for the rest of the year, which gives an indication on how well its latest products are [...]
Apple chipmaker Dialog Semiconductor predicts double-digit growth after $600m deal November 1, 2018 British chipmaker Dialog Semiconductor said it is expecting revenue growth for the rest of the year to be in the mid-teens, after it closed a deal with Apple to the tune of $600m (£462.3m) last month. Apple will gain some patents and a team of engineers from the chip designer as part of the transaction, and [...]
FAANGs come out to play in Halloween shares surge October 31, 2018 Technology's biggest players, lumped together as the so-called FAANG stocks, have ended their October losing streak which had left investors spooked with just one day to go. Netflix's share price saw the biggest gains out of the FAANGs grouping, rising almost seven per cent this afternoon off the back of better-than-expected results for Facebook last night. The social [...]
Apple October event: Updates to the Macbook Air, Mac Mini and iPad ranges October 30, 2018 Today, Apple is launching some updates to some of its most popular hardware lines. Here's our roundup of what made its way across the stage in New York. Macbook Air The updated Macbook Air is now available with a 13.3in retina display, which Apple said is more than four times the resolution of its predecessor. It [...]
Apple pulls into focus amid tech sink with fourth quarter results and new Mac and iPad event October 28, 2018 The world's most valuable listed company will be the centre of attention this week, as Apple gears up to launch several new additions to its Mac and iPad lines as well as publish its fourth quarter earnings. Apple is expected to report revenue in the middle of its predicted range at $61.6bn (£48bn) in its results [...]
Huawei’s popularity is on the up after launch of P20 range October 25, 2018 Back in November I looked at tech brand Huawei ahead of its planned expansion in Europe. Now YouGov data underlines how Huawei has been doing since then, with particular reference to the launch of its new P20 and P20 Plus range, for which the brand launched a worldwide advertising push. Huawei’s marketing efforts appear to [...]