At one time, the staggering success of the iPhone helped catapult Apple to become the world’s most valuable company. Now, its lackluster smartphone sales are dragging down Apple’s business.Apple (AAPL) said Tuesday that its revenue for the first three months of 2019 declined 5% from the year prior to $58 billion as it grappled with sluggish smartphone… Read more »
Posts Categorized: Apple
It’s not just Apple — Samsung is hurting, too
The South Korean company said Tuesday that its fourth-quarter operating profit is set to plunge nearly 30% from a year earlier, well below analysts’ forecasts. It blamed the sharp drop on “lackluster demand” for its memory chips and “intensifying competition” in the smartphone industry. Samsung’s guidance comes after Apple (AAPL) set off alarm bells last… Read more »
France to go it alone on digital tax
France has said it will introduce its own tax on big technology firms from 1 January after EU-wide efforts stalled. French Finance Minister Bruno Le Maire said he expected it to bring in €500m (£450m) in 2019. France, along with Germany, had been pushing for the European Commission to agree measures by the end of… Read more »
Apple to create $1bn Texas base
Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a $1bn (£790m) investment. The company already has an existing base in the city. The iPhone-maker said it expected the latest move would eventually make it the state capital’s biggest private employer. One expert said the area had a… Read more »
Huawei arrest puts ‘bullseye’ on Apple
You don’t need to look hard to see how the Global Times – the state-backed Chinese newspaper – is interpreting the arrest of Huawei chief financial officer, Meng Wanzhou. “Washington’s move to stifle Huawei will undermine itself,” reads a headline. “Banning Chinese companies like Huawei will isolate US from digital economy of the future,” reads… Read more »
Why tech is taking a hammering
Technology stocks have had a very bad week. For the FAANGs (Facebook, Apple, Amazon, Netflix and Google) which have led the charge in growth over the past decade, it was grim. At their lowest point, all five were down more than 20 per cent from their peaks. This translates to hundreds of billions of… Read more »
Is Apple getting sloppy?
Well, you don’t see that every day – Apple has rushed out a patch to fix a major security bug. It had been revealed that users of its new MacOS High Sierra operating system can access it without using a password. Just use “root” as a username, leave the password field blank and hit “Enter” a few times. It’s an… Read more »
Tim Cook blasts ‘weaponisation’ of personal data and praises GDPR
Apple chief executive Tim Cook has demanded a tough new US data protection law, in an unusual speech in Europe. Referring to the misuse of “deeply personal” data, he said it was being “weaponised against us with military efficiency”. “We shouldn’t sugar-coat the consequences,” he added. “This is surveillance.” The strongly-worded speech presented a striking… Read more »
5 days, $1 billion: Flipkart and Amazon spur Indian smartphone bonanza
The battle for India’s online shoppers has triggered a smartphone gold rush. Flipkart and Amazon are leading an online sales bonanza that will see Indians buy smartphones worth over $1 billion in just five days, according to tech consultancy Counterpoint Research. Bangalore-based Flipkart said it sold 1 million devices during the first hour of an online… Read more »
The New Apple Watch Heart Monitoring Only Works in the U.S.
When Apple said its new Apple Watch heart monitoring capabilities were FDA cleared, they meant only FDA cleared, it seems. The new Apple Watch touts a fancy new ECG, or electrocardiogram, monitor. It’s the type of device that is medically advanced enough to need clearance before public consumer use. Apple actually only got FDA clearance a day before its big event… Read more »
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