155.41 -0.57 (-0.37%)
After hours: 6:45PM EDT
|Bid||155.50 x 1400|
|Ask||155.57 x 900|
|Day's Range||155.02 - 157.08|
|52 Week Range||104.08 - 164.94|
|PE Ratio (TTM)||17.71|
|Forward Dividend & Yield||2.52 (1.61%)|
|1y Target Est||N/A|
Amidst narratives of machine learning complacency, Apple is coming to terms with the fact that not talking about innovation means innovation never happened.
Apple’s (AAPL) stock is under pressure on reports that the tech giant is having some issues with its LTE Watch and demand for the iPhone 8. China’s government has reportedly cut LTE access to the Apple Watch Series 3 over government security concerns. According to the Wall Street Journal, the cellular service was available exclusively to qualified China Unicom customers when the watch went on sale September 22, but new subscriptions after September 28 were cut off without explanation. In a separate report, Reuters, citing Taiwan’s Economic Times, warns the tech giant is cutting production of its iPhone 8.
Flickr, the once Yahoo-owned photo-sharing site that's now a part of Verizon*, is getting out of the photo book printing business, and is shutting down the feature that allowed users to turn photos into professional-quality wall art.
Why Microsoft is playing nice with Apple and Google
Yahoo Finance's Seana Smith is tracking Ford, eBay and Apple in intraday trading on Tuesday.
Oct.19 -- Technalysis Research President Bob O'Donnell discusses the anticipated demand for the iPhone 8 and the iPhone X with Bloomberg's Emily Chang on "Bloomberg Technology."
Robert Sluymer, Fundstrat Global Advisors, discuss why Apple's lows are a big buying opportunity. The “Fast Money” traders weigh in.
The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair. Investors have been anxious to hear who President Donald Trump will pick as the nominee. A decision like Powell would likely be a continuation of the current stock market-friendly monetary policy that has helped fuel the market's more than eight-year bull run.
Shares of Cupertino-based Apple fell 2.37 percent on Thursday, marking the iPhone maker's worst stock performance since August. Investors have apparently been disappointed by lackluster sales of its new iPhone 8, although some analysts say many consumers are holding out for the 10th anniversary iPhone X, which they can start pre-ordering on Oct. 27. "We have lots of consumers waiting for that iPhone X," Bloomberg report Abigail Doolittle notes in an interview on Bloomberg T.V. (above).
Investors were excited when Apple announced that the latest version of its LTE-capable smartwatch last month, particularly because it works even if you leave your smartphone behind. The Journal says China is likely concerned about the security of the Apple Watch 3 when it comes with a cell plan. Phones have SIM cards that are embedded by wireless carriers, but the Apple Watch 3 relies on an eSIM, which is supplied by Apple.
European Union leaders said on Thursday they looked forward to seeing proposals on taxing online giants by early 2018 but in a nod to concerns from countries like Ireland said EU efforts had to be in line with work under way at a global level. European countries are split over whether online companies such as Google, Facebook and Amazon should pay more tax, with smaller EU members such as Ireland and Luxembourg - which host many online businesses - worried that taxes would hurt their competitiveness without a global solution.
Apple shares tumbled on Thursday over concerns about weak demand for the company's newest smartphone, the iPhone 8.