U.S. shopping malls are losing customers at an alarming rate and there appears to be little Apple can do to help save them.
Apple stores are usually viewed as an anchor store for malls because of their high sales volumes and foot traffic they bring in. But a new study found that experimental tenants like Apple aren’t drawing in extra traffic.
Another alleged Chinese spy has been caught apparently trying to steal secrets from Apple’s mysterious self-driving car project.
The FBI reportedly arrested a Chinese national working for Apple the day before he planned to fly back to China with thousands of files on his laptop, including Apple’s intellectual property. He was reportedly planning to take all the info to a Chinese electric car manufacturer.
Tim Cook sounded confident about Apple’s future when he got on today’s Q1 2019 earnings call with investors this afternoon. Despite slumping iPhone sales and declining revenues, Cook told investors that his company is being managed for the long-haul instead of short-term gains.
Wall Street is already responding positively to Apple’s earnings report with shares trading up in after-hours trading. The company has 1.4 billion active Apple devices in the world, positioning Apple to continue raking in money as no other company can. However, today’s call revealed some new challenges Apple faces going forward.
Oracle CEO Larry Ellison, the close friend of Steve Jobs who Jobs’ kids called “our rich friend,” has joined Tesla as a member of its board.
Ellison was the first person Jobs sought to join Apple’s board of directors after Jobs resumed control of Apple in the 1990s. He stayed until the early 2000s. Interestingly, in recent years Tesla and Apple have been considered rivals more often due to both of their work in building tech-heavy car projects.
Elon Musk doesn’t think that Apple products “blow people’s minds” in the same way that they did at one point in time.
The Tesla and SpaceX CEO briefly shared his thoughts on the company during an hour-long interview with Recode‘s Kara Swisher. While Musk noted that he still uses an iPhone, he also gave the impression that he views Apple as a company whose most exciting days may not be ahead of it.