Five reasons why tech stocks are in trouble November 27, 2018 For months, technology stocks have been the holy grail for growth, with valuations reaching dizzying heights. So, considering that what goes up must come down, perhaps it’s not surprising that stocks started tumbling last week. Share prices for each of the five tech giants – Facebook, Amazon, Apple, Netflix, and Google (the so-called Faangs) – [...]
DEBATE: As shares continue to tumble, could this be the beginning of the end for Apple? November 22, 2018 As shares continue to tumble, could this be the beginning of the end for Apple? Fiona Cincotta, senior market analyst at City Index, says YES. The easy money momentum trade on Apple looks to be well and truly over. As Apple heads into bear market territory and innovations are lacking, the future is looking less rosy for [...]
European tech stocks slump in worst fall for seven years on Apple woes November 20, 2018 European technology stocks have been hit by their biggest quarterly drop since 2011, after production worries for Apple caused a global industry wobble. Stocks on the pan-European stoxx 600 tech index fell more than 1.8 per cent in trading this morning, hitting its lowest level since February 2017 and charting a quarterly loss of more than 14 [...]
Apple cuts production on all three new iPhone models November 19, 2018 Apple suppliers are yet again feeling the squeeze, after the tech giant is said to have cut production orders for a third time in recent weeks. Lower-than-expected demand for Apple's three new iPhone models, the XS, XS Max and XR, has made it difficult for the company to accurately anticipate how many phones to produce, according [...]
Move over Facebook and Apple, the next generation of customers has other ideas November 14, 2018 A visit to Rochdale Sixth Form College was a cheering experience last week. This year, 55 per cent of A-levels were at grades A* to B. True, Eton and Winchester do better. But this track record shows that even poor boroughs – and Rochdale is one of the poorest – have the capacity to deliver high-quality [...]
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 [...]