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The first quarter Apple earnings report was mixed. While revenue grew, iPhone sales plummeted dramatically. That’s a worrying sign for consumer strength and the stock market. Apple’s Thursday earnings report was a mixed bag of clues to the health of the broader stock market. On the one hand, Apple marked $58.3 billion in first-quarter revenue.…
Apple has a reputation for producing sleek, relatively reliable technology. They have leveraged this reputation to charge exorbitant prices for their products. The latest addition to Apple’s line-up of overpriced rubbish is a set of four Mac Pro wheels that will set your rich friends back $699. There’s nothing Apple loves more than ripping off…
Apple launched its mid-range iPhone SE 2 four years after it launched the first iPhone SE in March 2016. The iPhone SE launched at a time when the world was grappling with the coronavirus pandemic and resulting economic recession. Apple is firing on all cylinders to boost its revenue from the iPhone and other services…
The Dow Jones marched toward impressive gains on Tuesday. Apple stock powered the index after its Chinese iPhone shipments surprised investors. Despite the stock market rally, analysts remain concerned about a dead-cat bounce. The Dow Jones rallied on Tuesday, thanks in large part to Apple’s tremendous 5% rally that followed the release of impressive Chinese…
Coronavirus’ aftermath hit Apple’s business operations, with production levels dropping significantly. South Korea’s outbreak is becoming a “grave situation,” with Samsung Electronics’ factory being shut down. Both tech giants are expected to suffer large losses due to the ongoing epidemic. The arguments between iOS and Android lovers can go on forever. While both camps seem…
Apple’s (NASDAQ: AAPL) management severely downplayed the company’s China-related challenges in the earnings call last week. The company guided for revenue growth going in the 2nd quarter of 2020, but this is unlikely because of the worsening coronavirus outbreak. China is a huge part of Apple’s revenue and supply chain. Coronavirus disruption may lead to…
