During a Friday-night dinner with Donald Trump, Apple CEO Tim Cook very nearly convinced the president that import taxes planned for iPhone and other products would benefit Samsung.
Apple will pay proposed tariffs on products imported from China, while Korea-based Samsung — Cupertino’s chief competitor — will not.
Apple is readying 75 million 80 million iPhones ahead of next month’s iPhone 11 launch, says Wedbush analyst Daniel Ives.
Despite some of his gloomier peers “yelling fire in a crowded theater” about Apple, he’s confident about Apple’s future. That’s even with the ongoing U.S. vs. China trade tensions looming menacingly in the background.
Shares of Apple jumped over 4% after iPhones were removed from the list of items that will be hit with import taxes at the beginning of September.
However, tariffs could still go into effect for phones, Macs, and other Apple products in mid December.
President Donald Trump’s newly announced China tariffs put a real hurting on Apple’s stock price. But don’t worry, because investors think Apple will weather the storm — and advise that you hang onto your AAPL holdings for now.
Heck, you could even buy more.
Don’t panic: the introduction of new import tariffs by President Trump isn’t going to make the next iPhone even more expensive!
That’s the message from reliable Apple analyst Ming-Chi Kuo. In his latest note to client, Kuo says that he thinks Apple will absorb the cost of any tariffs, rather than pass them on to customers.
Apple is celebrating China’s National Fitness Day with a new Apple Watch Activity challenge. August 8 was first named National Fitness day in 2009, commemorating the anniversary of the 2008 Beijing Olympics opening.
To complete the National Fitness Day challenge, users will need to record a workout of half an hour or longer.
Apple would prefer to build the upcoming Mac Pro in the United States. In fact, the company is trying to make it happen, CEO Tim Cook said Tuesday.
“We’ve been making the Mac Pro in the United States and we want to continue doing that,” Cook said during Apple’s earnings call. “We’re working and investing currently in the capacity to do so. We want to continue to be there.”
iPhone shipments in China tumbled 14% in the last quarter, according to new figures published by Canalys.
In doing so, it left the market open for Huawei to continue its rise. Huawei, which overtook Apple in total smartphone sales last year, increased its shipments by 31% during the same period.
The most yawn-inducing Apple earnings call of the year is just days away, and Wall Street is eagerly anticipating the results — though maybe for reasons you wouldn’t expect.
Apple CEO Tim Cook and CFO Luca Maestri are scheduled to hop on the phone with investors at 2 p.m. Pacific next Tuesday for Apple’s Q3 2019 earnings call. Even though Apple doesn’t reveal quarterly sales for iPhones anymore, there are a lot of metrics to look for that could clue us in on how well or poorly the company is performing lately.
Keep an ear out for these five things during Apple’s July 30 earnings call.
President Donald Trump said Friday that Apple will not receive special treatment for Mac Pro components made in China.
Apple submitted multiple requests asking the Trump administration to exclude certain Mac Pro parts from a 25% import tariff. But Trump says the U.S. government will not extend any special waivers or relief to Cupertino.
“Make them in the USA,” Trump tweeted.
