Investors bristle as Apple's iPhone data goes the way of its...
11/2/2018, 1:31:41 AMFirst Apple Inc took away the headphone jack on its iPhones. Then it took away t... ✔ But now, Apple will give cost-of-sales data for both its total product businesses and its total services business, which will let investors evaluate a gross margin for both ✔ In the past, Apple gave only an overall gross margin figure for the company ✔ Our Standards:The Thomson Reuters Trust Principles
Apple reports profits rise but iPhone sales stall
11/2/2018, 2:34:53 AM'We enter the holiday season with our strongest line-up of products and services ever,' chief executive Tim Cook says ✔ The firm's chief executive Tim Cook said: We're thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple's history
Apple predicts record holiday sales, but that isn’t enough to save stock
11/2/2018, 12:54:35 AMApple Inc. revealed a blockbuster September quarter Thursday and predicted record revenue for the holiday season. That wasn’t good enough for investors, though. ✔ Chief Executive Tim Cook clarified during the question-and-answer portion of the call that the emerging markets referenced there are countries like Brazil, Turkey, and India, and Russia, where currencies have weakened ✔ We Want to Hear from You Join the conversation Comment
When the going gets tough, Apple hides its numbers
11/2/2018, 12:47:28 AMApple Inc. dropped a bomb on Thursday, but it wasn’t the weak forecast for the holiday quarter: It was the fact that it will no longer disclose unit sales of its products for investors, as it has for more than a decade. ✔ As I know you’re aware, by the way, our top competitors in smartphones, in tablets, in computers do not provide quarterly unit sales information either, Maestri said ✔ Therese Poletti Therese Poletti is a senior columnist for MarketWatch in San Francisco ✔ We Want to Hear from You Join the conversation Comment
Apple Has a Negative Surprise For Wall Street
11/2/2018, 12:55:02 AMDecision to stop disclosing exactly how many iPhones sold freaks out analysts ✔ Apple’s quarterly conference calls with Wall Street analysts can be tepid affairs, with little news or excitement ✔ You know, there will probably be a lot of pushback about not giving iPhone unit data, Citigroup analyst Jim Suva said to Cook and Maestri on the call
Apple: bite marks
11/2/2018, 2:40:31 AMundefined ✔ Apple’s peevish decision to stop reporting the number of smartphones, tablets and laptops it sells makes little sense ✔ The average American checks their phone 80 times a day ✔ In a two-year lifecycle the iPhone’s average cost per check is therefore just 0.1 cents
Japanese component makers' shares tumble on Apple results
11/2/2018, 3:12:58 AMSeven out of nine suppliers hit by lower-than-expected iPhone sales ✔ Investors began selling soon after the market opened at 9 a.m. The share price of camera components supplier Alps Electric fell by 4.2% at one point, while touch panel censor maker Nissha's stock went down by 5.2% early in the morning ✔ However, there may be other reasons behind the fall
Apple's premium iPhones are making the company money hand-over-fist
11/2/2018, 12:25:32 AMDespite zero sales growth ✔ The cheaper iPhone XR was released too late for this earnings report ✔ A unit of sale is less relevant to us today than it was in the past, Maestri said, which seems fair, given consumers are willing to spend top dollar on premium devices ✔ Apple may reopen repairs on the iPhone 4S, MacBook Air and other old devices
Apple Will Stop Disclosing How Many iPhones, iPads, and Macs It Sells Each Quarter
11/2/2018, 12:09:44 AM"It doesn’t matter a lot how many units are in there in terms of the overall value," says Tim Cook. ✔ As demonstrated by our financial performance in recent years, the number of units sold in any 90-day period is not necessarily representative of the underlying strength of our business, Maestri said ✔ For example, in its most recent quarter, Apple’s iPhone saw shipments of 46.9 million units ✔ That was below Wall Street’s forecast of 47.5 million ✔ The decline briefly pulled the company’s market cap below the $1 trillion level
Apple’s market cap dips below $1tn in after-hours trade
11/2/2018, 12:43:30 AMundefined ✔ The stock price of $207.05 that yielded the trillion-dollar threshold three months ago was based on the company’s 10-Q regulatory filing on July 20, which showed it had 4.830bn shares on issue ✔ That means they are still down more than 20 per cent from their record highs this year
Asian shares rise as Trump, Xi lift hopes on resolving trade row
11/2/2018, 1:32:25 AMAsian equity markets rose on Friday as China and the United States expressed opt... ✔ That came after manufacturing surveys showed factory activity and export orders weakening across Asia as the impact of the trade war deepened ✔ Adding to the anxiety, Apple Inc (AAPL.O) on Thursday warned that sales for the holiday quarter would likely miss Wall Street expectations due to macroeconomic weakness in emerging markets including Brazil, Russia, India and Turkey ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
Asian markets surge; Chinese stocks jump as trade tensions ease
11/2/2018, 3:09:06 AMAsian stock markets rose in early trading Friday, reflecting investor relief about upcoming trade talks between China and the U.S., as well as the dollar‘s gains against a basket of major currencies including the yen. ✔ Among casino stocks, Galaxy Entertainment 0027, +7.77% rose 7% and Wynn Macau 1128, +8.87% gained 9% ✔ The attitudes of both Chinese and U.S. leaders have been productive, bringing more positivity to the meeting at the end of the month, said UOB Kay Hian stock strategist Ivan Ip ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
Asian shares jump as investors see trade war progress
11/2/2018, 3:40:35 AMAsian shares jumped on Friday after a phone call between the U.S. and Chinese pr... ✔ Combined with the prospects of more economic stimulus from China and reasonable valuations in Asian equities, investors could use this opportunity to reload on emerging market and Asia assets, he said ✔ [GOL/] Our Standards:The Thomson Reuters Trust Principles
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