By Toluse Olorunnipa Bloomberg Justin Sink Fri., Jan. 4, 2019 President Donald Trump said he isn’t concerned that Apple Inc. has warned sales will fall short of expectations because of the trade war with China, an announcement that provoked a sell-off in the U.S. stock market. “No, I’m not,” Trump said after he was asked at a White House news conference about Apple’s revenue warning this week. Trump claimed that Apple’s stock price has gone up “hundreds of per cent” since he took office. Apple’s stock price climbed 94 per cent from its close the day before Trump’s inauguration through Oct. 3, 2018 but has since fallen 36 per cent. Trump added that he has encouraged Apple chief executive officer Tim Cook to build plants and more products in the U.S. “Apple makes their product in China,” Trump said. “China is the biggest beneficiary of Apple, more than us.” Article Continued … [Read more...] about Trump says he’s unconcerned about Apple’s China sales warning
SHANGHAI (REUTERS, BLOOMBERG) - It took just seven minutes for the yen to surge through levels that have held through almost a decade. US stock futures fell and Asian shares stumbled on Thursday (Jan 3) after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings and jolted currency markets. Apple blamed fewer iPhone upgrades and slowing sales in China in its most recent quarter, its first such warning since 2007. Its shares tumbled in after-hours trade. The news sparked a ‘flash crash’ in holiday-thinned currency markets as investors rushed to less risky assets, with the Japanese yen soaring against most major currencies in a matter of seconds. US stock futures pointed to another rough start on Wall Street, with Nasdaq E-mini futures down 2.6 per cent and S&P 500 E-mini futures off 1.6 per cent. MSCI’s broadest gauge of Asia-Pacific shares outside Japan fell 0.6 per cent after an early attempt at a … [Read more...] about Apple, China worries pummel Asian shares; ‘flash crash’ jolts currencies
Business Apple Inc , facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues. 14 Dec 2018 12:15PM Bookmark SHANGHAI/SAN FRANCISCO: Apple Inc , facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.Apple will carry out the software updates at the start of next week "to address any possible concern about our compliance with the order", the firm said in a statement sent to Reuters.Earlier this week, Qualcomm said a Chinese court had ordered a ban on sales of some older Apple iPhone models for violating two of its patents, though intellectual property lawyers said the ban would still likely take time to enforce."Based on the iPhone models we offer today in China, we believe we are in … [Read more...] about Apple China says it will push software update in bid to resolve Qualcomm case
By Dan Strumpf The Wall Street Journal Sun., Aug. 5, 2018 HONG KONG—Smartphone sales are falling globally, but a Chinese tech giant whose devices most Americans can’t even buy is doing a booming business, while nipping at the heels of Apple Inc. Huawei Technologies Co., the world’s largest maker of telecommunications equipment, shipped more than 95 million smartphones in the first half of the year, an increase of more than 30% compared with the same period last year, the company said Friday. The company’s sales have risen sharply in markets such as Western Europe, the Middle East and India, according to International Data Corp. In the second quarter, Huawei shipped more phones globally than Apple, making it the world’s second-largest vendor of smartphones after Korea’s Samsung Electronics Co., according to IDC. The period before the launch each fall of the newest iPhone is traditionally Apple’s weakest. Huawei sells few … [Read more...] about Bigger sales than Apple? China’s Huawei doesn’t need the U.S.
AppleChina The high-tech giant ‘sends a message of growth and size’ of the all-conquering FAANGs By Asia Times staff August 3, 2018 12:36 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 It was always going to be a race between the FAANGS and Microsoft, but Apple has finally done it. The culture-changing technology giant has become the first private-sector company to have a market value of US$1 trillion. On Thursday, shares of the Silicon Valley group finished the formal Wall Street trading day at $207.39, topping the magic number two days after reporting strong quarterly earnings. The dailyReport Must-reads from across Asia - directly to your inbox The landmark is the latest victory for Tim Cook, who faced skepticism when he took over as CEO in 2011 from ailing co-founder Steve Jobs, who died in 2011. Jobs had built Apple into a global and iconic powerhouse, and analysts and industry watchers wondered whether the company would lose its … [Read more...] about Apple becomes first $1 trillion private-sector company