|Bid||4,027.00 x 2550000|
|Ask||4,054.99 x 550000|
|Day's Range||4,019.95 - 4,187.68|
|52 Week Range||2,780.00 - 4,499.68|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||342.28|
|Forward Dividend & Yield||60.56 (1.44%)|
|1y Target Est||N/A|
From posting on social media to calling an Uber, mobile devices are becoming the command center for guiding day-to-day activities. Financial institutions want to get in on the action as well according to an industry insider.
Futures fall: The stock market rally and Fed rate cuts are no match for President Trump's escalating China trade war. Watch Apple, Boeing, Tesla, Micron and Nike.
Most people don’t care if their credit card gets a scratch or a scuff, as long as they can still buy things with it. But the sleek new titanium Apple Card may change that.
Each of the four Big Tech companies under investigation, to varying degrees, faces exposure to antitrust charges. Their vulnerabilities reflect their marketing strengths, from Apple Inc.’s money-minting App Store to Facebook Inc.’s vice-like grip on social media through its acquisition of WhatsApp.
Apple stock fell 4.6% on Friday, a decline almost twice that of the Dow Jones Industrial Average, which fell 2.4% in the week’s final session.
California Public Employees’ Retirement System, which managed $380 billion in assets as of Friday, made some big changes in its domestic stock portfolio in the second quarter. Calpers, as the pension is known, bulked up on (KO) (ticker: KO), (PEP) (PEP), and (MCD) stock (MCD) in the second quarter. Calpers made the disclosures in a form it filed with the Securities and Exchange Commission.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
Apple stock fell 4.6% as the US-China trade war intensified today. China warned of tariffs on more US goods, followed by Trump's tweeted response.
In response to new tariffs from China and President Trump's tweets, the market tanked to session lows on Friday. The DJIA nosedived more than 600 points.
Shares of Apple Inc. dove 4.6% on Friday after President Donald Trump said he's ordering U.S. companies to start looking for "an alternative to China." Trump's pronouncement, which sent the Dow down more than 600 points, came after Beijing announced retaliatory tariffs on imports of U.S. goods. Apple gleans 18.3% of its total revenue from mainland China, second only to the U.S.'s 36.9%, according to FactSet. Nearly all of the company's flagship iPhones are built in China, creating economic and political tension between Trump and Apple CEO Tim Cook, who strongly opposes tariffs against China. Wedbush Securities analyst Daniel Ives referred to Friday's selloff as "a gut punch to Cupertino." Apple is headquartered in Cupertino, Calif. Apple shares are up 28% this year.
DOW UPDATE The Dow Jones Industrial Average is slumping Friday afternoon with shares of Apple Inc. and Intel facing the biggest losses for the index. The Dow (DJIA) was most recently trading 582 points (2.
Stocks fell sharply across the board after President Donald Trump said U.S. companies are ‘hereby ordered’ to look for alternatives to China. Technology companies were among the worst hit.
DOW UPDATE The Dow Jones Industrial Average is seeing a selloff Friday afternoon with shares of Apple Inc. and American Express facing the biggest setback for the price-weighted average. Shares of Apple Inc.
Apple is 'aggressively' looking to shift its supply chain away from China as a result of the trade tensions, according to an analyst.
DOW UPDATE The Dow Jones Industrial Average is in a selloff Friday morning with shares of Apple Inc. and 3M facing the biggest declines for the index. Shares of Apple Inc. (AAPL) and 3M (MMM) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 441 points (1.
(Bloomberg) -- Semiconductor companies and Apple Inc. fell sharply on Friday, as the trade war between the U.S. and China continued to escalate.China’s Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods, pressuring the securities in pre-market trading. Their losses were extended following the open, after President Donald Trump subsequently said that he would announce his response Friday afternoon.Apple fell as much as 3.9%. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products. The company derived nearly 20% of its 2018 revenue from China, according to data compiled by Bloomberg.Chipmakers have been similarly volatile because of the trade war. The Philadelphia Semiconductor Index dropped 3.6% on Friday, and every member of the benchmark industry index was in negative territory.Among notable decliners, Qualcomm Inc. lost 3.3% while Nvidia Corp. was off 5% and Micron Technology shed 3.5%. Broadcom Inc. was down 4.9% and ON Semiconductor Corp. lost 5.4%.Technology stocks were the weakest-performing sector on Friday, with the S&P 500 information technology index down 2.4%. The S&P 500 overall fell 1.4%.(Adds Trump’s response in second paragraph, updates prices to market open)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editor responsible for this story: Catherine Larkin at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Telecom carriers need a win. The smartphone business is stagnant. Consumers have become complacent with good enough devices. But 5G, coupled with amazing new AR experiences, changes everything.
Big companies across America spent less on their own shares for a second quarter in a row, threatening a key pillar of support for the stock market that has helped to push indices to record highs. The reduction in share buybacks comes after a bumper 2018 when the Trump administration’s tax reform freed up cash for companies to spend a record $806bn on their own shares.
(Bloomberg) -- Huawei Technologies Co. expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software.China’s largest technology company is seeking ways to replace key U.S. suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said Friday. The overall damage to the company will be a “little less” than billionaire founder Ren Zhengfei’s initial estimate, Xu added.Huawei is seeking to develop alternatives after coming under intense pressure from the Trump Administration, which has argued its technology represents a security threat. On Friday, it introduced its most powerful artificial intelligence chipset, the Ascend 910, which is poised to rival some of the best offerings from Qualcomm Inc. and Nvidia Corp. Earlier this month, it offered the first glimpse of an in-house software -- HarmonyOS -- that may someday replace Google’s Android.The company is also researching ways to replace chip-design software tools offered by Cadence and Synopsys, Xu told a news briefing in Shenzhen without elaborating. “There were no chip design tools 10 years ago, but the industry still developed chips,” said Xu, who argued that Cadence and Synopsys were not must-haves for design. “Intel started to develop chips in the 1970s, when those companies didn’t exist.”Since May, Huawei has occupied the uncomfortable position of being both an established global brand and a member of the U.S. Entity List, which bars it from trading freely with American suppliers. Despite a series of 90-day reprieves, the latest of which came this week, the uncertainty caused by American sanctions has already cost the company a great deal.Even if Huawei is eventually brought in from the cold, the impact of this summer’s upheaval will be widespread and painful. Already, it reported slower sales growth in the second quarter compared to the first as the ban started to bite, especially into a consumer business encompassing smartphones and laptops. That in turn is accelerating Huawei’s effort to become self-reliant.One area in which the Chinese company is rapidly developing in-house expertise is semiconductors, propelling Beijing’s ambitions of weaning itself off foreign chips. HiSilicon -- Huawei’s chip design subsidiary -- has been developing its capabilities for a long time, and it’s recently grown into the second largest customer (after Apple Inc.) for the world’s biggest chip manufacturing contractor Taiwan Semiconductor Manufacturing Co. Huawei has also elevated the presence of home-grown technologies throughout its product line -- from base stations to smartphones and servers -- as a key step to limiting the damage of the U.S. ban.The Ascend 910 processor unveiled Friday is a show of technological prowess. It will be used for AI model training, and Huawei says it outperforms all existing competition. Xu proclaimed that “without a doubt, it has more computing power than any other AI processor in the world.” The company also unveiled MindSpore, an AI computing framework that -- along with the 910 -- is supposedly twice as fast as Google’s TensorFlow.”The May 16 sanctions incident had no impact on the execution of Huawei’s AI strategy nor commercialization of AI products,” said Xu. “Our R&D project related to AI is building up steadily.”(Updates with Ascend’s specs from the third paragraph)To contact Bloomberg News staff for this story: Gao Yuan in Beijing at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin Chan, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Aug.23 -- Gene Munster, Loup Ventures managing partner, and Bloomberg's Ian King discuss the impact of the escalating China-U.S. trade war on the tech industry. They speak with Bloomberg's Emily Chang on "Bloomberg Technology."