NEW YORK, NY / ACCESSWIRE / August 31, 2018 / Apple shares were modestly up in Thursday trading after revealing the long anticipated date of its September event where new iPhones will be revealed. Shares of NetEase had a big drop despite no major news.
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Apple Inc. shares were up a modest 0.92% on Thursday after the company announced the date of its September event where it will be unveiling new iPhones and updated gadgets. Apple's next big product event is set for September 12th at the Steve Jobs Theater on Apple's campus and will begin at 10 a.m. P.T. The company is expected to reveal three new iPhone X models as well as updates to its iPad Pro models and perhaps even the first redesign of its iWatch. The three iPhone models will include a sequel to the current model with the 5.8-inch OLED display, another will be a larger version with an OLED 6.5-inch display and the last will be a cheaper version with a 6.1-inch LCD screen. The iPad Pro models are expected to have updated screens and features that are similar to the iPhone X. This includes gesture controls and FaceID. Bloomberg has also said that the company will launch the iPhones in different colors.
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NetEase, Inc. shares were down 7.19% on roughly 2.6 million shares traded on Thursday. The stock sank to a new low of $191.82 despite any news from the company. It was earlier this month that the NetEase announced second quarter results with CFO Zhaoxuan Yang stating, "We are pleased to report a strong quarter with continued growth momentum in each of our core divisions. Our total net revenue reached CNY 16.3 billion, a 15% increase from the previous quarter, and our non-GAAP net income more than doubled from the prior quarter, coming in at CNY 2.7 billion. Our online games reached CNY 10.1 billion, representing 15% sequential growth, the strongest growth rate for this segment since the first quarter of 2017." NetEase, Inc. operates an interactive online community in the People's Republic of China through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments.
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