Struggling to understand how Apple stock erased more value in the last six weeks than it made in its first quarter-century?
It’s bloody complicated, but these five reasons help explain Apple’s plunging stock price.
Earlier this year, Wedbush analyst Daniel Ives proclaimed 2018 the year of the iPhone super cycle. Jump forward in time, and he’s lowered his price target on Apple, following the “horror show [of] the last month.”
He’s also convinced that something seriously needs to change with next year’s iPhone: either a big change in price or a major redesign. Is he right?
Even the FBI struggled a few years back when it tried to get Apple to unlock the iPhone belonging to the suspect in a shooting case. But data recovery firm DriveSavers claims that it has developed a “passcode lockout recovery” that enables even an ordinary member of the public to crack an iPhone.
While it doesn’t share details, it claims that service is “100 percent” successful. It’s not cheap, however. The service reportedly costs around $3,900.
Apple Pay has gone live in Belgium. It is supported by BNP Paribas, Belgium’s most popular major bank, and its brands Fintro and Hello Bank. Online services and apps such as Deliveroo, Taxi.eu and Booking.com also accept Apple Pay.
Apple’s contactless payment system has also apparently gone live in Kazakhstan. The two countries are the 30th and 31st to offer Apple Pay.
Package-tracking app Deliveries has long been one of our favorite iOS apps, consolidating info on all our various package deliveries into one easy-to-use tool.
Thanks to a new update, it just got even better, too. Thanks to added support for iOS 12’s Siri Shortcuts, you can now check up on the latest status of in-transit deliveries using your voice. What could be easier?
The CEO of IBM — once Apple’s biggest rival — agrees with Tim Cook about regulating tech giants who gobble up massive amounts of user data for what amounts to surveillance on users.
Echoing Cooks’s words last month, IBM’s chief exec Ginni Rometty addressed top EU officials at an event in Brussels on Monday. Rometty said that the, “irresponsible handling of personal data by a few dominant consumer-facing platform companies” has caused a “trust crisis” in customers.
Apple stock slid 1.9 percent in pre-market trading today, after President Donald Trump laid out plans for new tariffs to be placed on the iPhone.
Overall, AAPL is trading down 20 percent this month. This latest blow comes after six weeks of declines for Apple, which became the first publicly traded U.S. company to pass a $1 trillion valuation earlier this year.
More Apple suppliers are reportedly expecting to see their revenues decline as Apple reduces iPhone orders, amid “lackluster sales performance.” The companies named include Largan Precision, which makes iPhone camera lenses, and Career Technology, which supplies flexible printed circuit boards. However, with Apple securing a new agreement, iPhone 16 deals are expected to remain available in key markets, boosting consumer interest.
This follows on from a multitude of other similar recent reports, citing major Apple suppliers including Foxconn and TSMC.
Apple is rightly proud of its Animoji and Memoji technology, which uses the front-facing camera on new iPhones to create cartoonish avatars of users — complete with facial expression matching.
But the tech could be about to get even more fun, as described in a recent patent application. Here’s how.
Tech stocks have bounced back slightly after their dismal showing over the past month-and-a-half. Four out of the five FAANG stocks — Facebook, Apple, Amazon, Netflix, and Facebook — rose more than 1 percent in early trading today.
That’s not to say that the worst is behind them just yet, but it does suggest a turnaround could be on the cards. And not a moment too soon!
Apple is reportedly teaming up with luxury good business Kering — the company which owns brands Gucci, Yves Saint Laurent, Alexander McQueen, and others — to create a set of custom apps for use in store.
Details on the new apps are scarce, but they will reportedly be used to help sales assistants to scan inventories. They will also provide more control over the company’s e-commerce activities.
A number of news outlets reported over the weekend that Microsoft briefly overtook Apple as the most valuable U.S. company. This followed several weeks of precipitous declines for Apple, which has seen billions of dollars wiped off its market cap.
In fact, Apple continues to lead Microsoft with a valuation of $817.6 billion to Microsoft’s $791 billion. The incorrect reports were caused by confusion about Apple’s number of outstanding shares, used to calculate market cap. Microsoft is definitely getting closer, though!
A cutback in chip orders for Apple’s new iPhones is cited as one reason supplier Taiwan Semiconductor Manufacturing Company (TSMC) will post disappointing earnings for the first quarter of 2019.
According to a new report, the company expects to report a 14-16 percent sequential decline in revenue for Q1 2019. It comes shortly after another major Apple supplier spoke out about a “very difficult” year ahead.
As rumored, Apple has slashed the price of the iPhone XR in Japan in an attempt to get more units into customers’ hands.
The lower price tag is courtesy of NTT Docomo, the country’s main mobile carrier. As of today, customers signing up for a 24-month contract can save around $100 on the cost of the device over its lifespan. The total reduction is from 36,000 yen down to 24,000 yen — plus mandatory contract fees.
Apple has reportedly “poached” two teams of creatives from the U.K. advertising agency Abbott Mead Vickers BBDO to join its own in-house efforts.
The pairings of Mike Crowe and Rob Messeter, and Caio Giannella and Diego de Oliveira are both relocating from London to Cupertino to work on the iPhone brand and overall Apple brand respectively.
Apple rakes in billions of dollars from the App Store. However, its future ability to do so could be challenged if a federal court rules against the company.
On Monday, Apple will defend its app pricing structure in a federal appeals court. The case involves whether customers buy apps directly from Apple, or whether Apple is more like a middleman connecting app makers with users.
Both global and U.S. search interest in the iPhone peaked in September 2012, around the time of the iPhone 5 launch, Google Trends reveals.
The stat is pointed out in a new Bloomberg report, titled, “iPhone Interest Drops Off.” But while we don’t doubt Google’s results, search terms and overall interest are not exactly the same thing.
CSR Racing 2, one of the best and most popular racing games on iOS, just received a great update. The new “Legends” refresh adds 15 new cars from the 1960s through the modern today, including the iconic McLaren F1.
Check out the trailer and new features list below.
It may sound like a crazy Mad Lib, but it’s not: Queen guitarist Brian May really has taken to Instagram to pen a lengthy rant about Apple’s UBC-C connector.
May dramatically declares that “This is one of the reasons my love for Apple is turning to hatred.” And, from the look of the comments, it seems that quite a few people agree with him.
A group of Korean smartphone retailers are upset at Apple for forcing them to purchase in-store tester iPhones. This differs from the usual practice of manufacturers, who will provide free display smartphones and pick them up later.
Apple, it seems, thinks different.
The iPhone X had one of the shortest lifespans of any iPhone Apple has ever made, being cancelled when Apple introduced its next-gen handsets back in September. However, according to a new report, Apple is restarting production on last year’s iPhone model in certain markets.
And it may all have to do with a lack of demand for some of the newer iPhones.
Apple is offering students in the U.K. the chance to learn more about coding, engineering and design — courtesy of Field Trip events as part of the UK’s government’s “Year of Engineering.”
The events offer around 1,700 students, aged 5 to 18, the chance to go “behind the scenes” at Apple Stores around the country. Apple is running around 100 of these Field Trip events, during which students will shown how to create various digital projects. These relate to topics from coding to the solar system.
Apple has spent upwards of $1 billion creating original TV shows, but as of yet it hasn’t revealed exactly how it plans to get these in front of users. One idea? That it could release a streaming dongle, similar to Google’s Chromecast and Amazon’s Fire TV Stick.
This could be a lower cost entry point into the streaming TV market — since both Amazon and Google’s offerings cost under $50, compared to $180 for the Apple TV.
Apple’s MacBook lines performed surprisingly badly in the third quarter of 2018 — with double figure declines in growth worse than any of the other five leading notebook manufacturers.
While Dell managed 8 percent year-on-year growth, market leader HP saw its shipments decline 1.8 percent. That’s nothing compared to Apple’s decline, however, which saw the company plummet a whopping 24.3 percent. That’s not good!
There’s great news for fans of Google Assistant with an iPhone: for the first time, iOS users can now access the smart assistant using a verbal command.
The solution is a little bit convoluted, but it’s a world better than the previous way of opening it. Here’s what you can do.