Apple will spend $1 billion to build a facility in Austin that will accommodate 15,000 employees. The headline describes the campus as "new." Yeah, if Apple plans to build something, I guess it would be new, wouldn't it? Doyl
Apple to build new Austin headquarters campus, expand across US
https://www.cbsnews.com/news/apple-t...and-around-us/s
Cook said a smaller-than-expected number of people are upgrading to new models of iPhones. It seems not everyone feels a need to spend hundreds of dollars on a new phone when their current phone works just fine. Doy!
Apple warns that iPhone sales could take a big hit from China slowdown
CNN, Jan 2 2019 5:42 PM ET
After decades of expansion, the Chinese economy is slowing down. Apple has warned investors to expect lower sales from the holiday quarter due primarily to "lower than anticipated" iPhone sales in China amid an ongoing trade war with the US as well as other factors such as the company offering cheaper iPhone battery replacements, according to a letter from CEO Tim Cook on Tuesday. "While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China," Cook wrote. He pointed in part to "rising trade tensions" with the US.
https://www.cnn.com/2019/01/02/tech/...nce/index.html
Global smartphone sales declined in 2018 for the first time ever. Can Apple reverse the trend in 2019? Maybe, maybe not -- but at least Apple will be trying.
Apple plans three new iPhones this year, plays catch-up on cameras
Highest-end model includes triple rear camera; one will be successor to the struggling XR
https://www.wsj.com/articles/apple-p...le-11547199263
"iPhone X sales push Apple shares to record high" was the headline I posted a year ago. Here is where I say, "That was then, this is now." This news was just posted on the CNN Business live news feed:
Apple's iPhone revenue falls 15%
Apple said today its sales for the all-important holiday quarter hit $84.3 billion. The figure was slightly better than Apple had warned investors to expect but nonetheless represented a 5% decline from the same quarter a year ago. The sales decline was driven by a dip in iPhone sales, which Apple CEO Tim Cook previously said was primarily due to a slowdown in China. Apple's iPhone revenue for the quarter fell 15%, to $51.98 billion. Apple's sales in China also fell considerably. It reported revenue in the region of $13.17 billion, down from $17.95 billion in the same period a year ago.
The last time Apple reported earnings results, it was the most valuable public company in the world. Today, it's fourth on the list. Apple stock is down about 30% since the last time it reported earnings in early November.
https://www.cnn.com/business/live-ne...f8d305a9e24e9e
Today, for the first time since December 3, Apple's market value surpasses that of Microsoft and Amazon -- quite a change from last week, when Apple ranked fourth. (Alphabet, parent company of Google, was third.)
Apple is once again the most valuable publicly traded company in the world
https://www.businessinsider.com/appl...ket-cap-2019-2
The new iPad Air has a bigger display. It, and the new iPad mini, will support Apple's wireless stylus pen, which for some odd reason is called Apple Pencil. The new models also have a much faster processor than previous models -- but will they sell?
Apple unveils new iPad Air and iPad mini
https://www.cnn.com/2019/03/18/tech/...ini/index.html
Last year, HBO spent around $2 billion creating its own original programming for its streaming service. Amazon Prime Video spent $4.5 billion and Netflix spent $6 billion. Apple spent a paltry-by-comparison $1 billion and will spend the same amount this year. Disney and WarnerMedia are launching streaming services this year. In order to compete, Apple will need to spend much more than $1 billion. Remember their short-lived reality series Planet Of The Apps? Oy vey!
Apple event 2019: Everything announced at Apple's big March presentation
CNN Business. Mar 25 2019 6:37 PM ET
Apple CEO Tim Cook and a roster of big-name celebrities, including Steven Spielberg and Oprah Winfrey, announced the company's much-anticipated entrance into the crowded video-streaming market at a press event today inside the underground Steve Jobs theater at its Cupertino headquarters. The company is producing its own lineup of films and TV shows that will be available via an updated version of the company's TV app on Apple devices. It is working with a number of existing streaming services, such as HBO, Starz and Showtime, to flesh out what's available there, in addition to its own streaming subscription. The company also announced its own mostly-digital credit card and a subscription magazine option for its news app.
https://www.cnn.com/2019/03/25/tech/...ils/index.html
An Apple vice president said, "We've concluded AirPower will not achieve our high standards." This is shocking news. Who knew any big technology companies even had high standards? (Okay, maybe I'm being overly sarcastic.)
Apple has scrapped plans to release its AirPower wireless charging mat
https://www.businessinsider.com/appl...irpower-2019-3
Revenue from smartphone sales has fallen by more than 15% in the past year. Apple stock right now is up 95ยข to $190.89.
Apple just slashed iPhone prices in China as it continues to grapple with falling smartphone sales
https://www.businessinsider.com/appl...n-china-2019-4
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