|Day's Range||20.93 - 20.93|
Tim Cook took the stage during Tulane University's 2019 graduation ceremony, telling the graduates to challenge their worldview and improve the world.
NEW YORK, NY / ACCESSWIRE / May 19, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
"There is a saying that if you do what you love, you will never work a day in your life," Cook said Saturday in his commencement speech at Tulane University in New Orleans, La., at the Mercedes-Benz Superdome. "At Apple, I learned that is a total crock," Cook said. Rather, when you find a job you are passionate about, you will work hard, but you won't mind doing so, Cook says.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Apple AAPL CEO Tim Cook challenged Gen Z to clean up the messes Baby Boomers have left behind. "In some important ways, my generation has failed you," Cook said Saturday in his commencement speech at Tulane University in New Orleans, La., at the Mercedes-Benz Superdome. "We have spent too much time debating, we have been too focused on the fight, and not focused enough on progress," Cook, 58 and a member of the Boomer generation , said.
Mona Keijzer, the Dutch state secretary for economic affairs and climate policy, has proposed implementing three measures on a European level to prevent large technology companies from becoming too dominant, she wrote in a letter to the national parliament on Saturday. The state secretary said she is already in talks with other member states on the policy. The European Commission has sought tougher scrutiny of acquisitions in the past.
The Dow Jones Industrial Average ended down Friday following a report U.S. trade talks with China are at an impasse. dipped slightly after analysts at Nomura lowered their already below-market-price target on concerns stemming from trade tensions between the world's two largest economies. fell after the chipmaker topped analysts' first-quarter earnings forecasts, but backed away from full-year revenue guidance.
NEW YORK, NY / ACCESSWIRE / May 18, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Apple, Inc. ("Apple" or the "Company") (NASDAQ:APPL) and certain of its officers. The class action, filed in United States District Court, for the Northern District of California, and indexed under 19-cv-02615, is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Apple securities between November 2, 2018 and January 2, 2019, inclusive (the "Class Period"), seeking to pursue remedies under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and SEC Rule 10b-5 promulgated thereunder. If you are a shareholder who purchased Apple securities during the class period, you have until June 17, 2019, to ask the Court to appoint you as Lead Plaintiff for the class.
Negotiations with the consortium, which includes Taiwan’s TPK Holding Co., Harvest Tech Investment Management Co., Cosgrove Global Ltd., and Topnotch Corporate Ltd., won’t advance until the extra source of capital is found, Asahi said, citing unnamed people familiar with the matter. JDI said in a statement on Saturday that there was no truth to the report, without elaborating.
NEW ORLEANS, May 17, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
Apple has one of the best supply-chain models. Here are some of the top businesses involved, along with the benefits and challenges for each.
The head of Mint Exchange said the market flows that he’s seeing through his crypto exchange indicates that investors in China have been selling yuan to move into Bitcoin and other currencies ahead of a trade war.
Doctors’ offices and hospitals have switched en masse from paper to digital records over the past decade. For investors, the first era of electronic records proved lucrative as the government pumped tens of billions of dollars into the industry. Most hospitals and doctors’ offices already have systems in place, and taxpayer support is drying up.
Rising trade tensions between the U.S. and China are likely to cut into Apple's profits, Wall Street analysts say. The news has dampened Apple stock. Nomura Instinet cut its price target.
On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada, but the markets didn't move much. Traders are concerned there is another shoe to drop: more retaliatory measures from China, which may or may not come in the form of tariffs. On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada.
For our new cover story, we asked money managers, trade experts, and market strategists to put the trade-related risks into perspective. The consensus: Put aside the playbook for a trade war for now, but be prepared for bouts of stock market volatility.
After Apple (NASDAQ: AAPL) reported its earnings recently, many analysts predicted that Apple's business prospects in China would stabilize. However, America's recent tariff hike and the level of negative rhetoric on both sides are big headwinds for Apple stock. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the last two quarters, Apple has blamed the slowdown of its sales in China on the country's economic weakness. However, it should be noted that big, Chinese consumer-facing companies like Alibaba (NYSE: BABA) have reported that their core businesses .are growing over 40%. This means that the decline of Apple's revenue in China is due to company-specific issues. * 6 Chinese Stocks That Could Pop On a Trade Deal Increasing the Stake for Apple StockIn recent tweets, President Trump has ramped up his rhetoric on trade. At the current junction, it's difficult for either side to back down. This means that a successful resolution to negotiations in the near- term is unlikely.Those who plan to hold Apple stock over the long-term should also focus on future trends developing within China. The recent tariff hike and rhetoric reduce the probability of an amicable trade deal. Even if a mutually acceptable trade deal is reached, the trade rhetoric of the past few months will have a negative impact on Apple's business and brand within China and, by extension, on Apple stock. The Chinese government wants local Chinese brands to increase their market shares at Apple's expense. For its second quarter which ended in March, Apple reported $10.2 billion of net sales from the Greater China region. That's a decline of 22% from the same period a year earlier.Last year, Apple generated $51.9 billion of revenue from China, equating to 20% of its total sales. After two quarters of fiscal 2019, it's clear that its China sales will easily decline by 20%-25% for the full year. That will have a big negative impact on Apple stock. Lack of Ecosystem in ChinaApple's biggest strength has been its strong ecosystem which increases the loyalty towards its products. However, in China, its ecosystem is weaker than in western markets. The main reason for that is the impact of Tencent's (OTCMKTS: TCEHY) WeChat, which provides almost all the services required by customers, including payments, communications, music, games, e-commerce and more. Late last year, Tencent announced that its mini-programs have one million apps and over 200 million daily active users. These mini-programs reduce the need to visit Apple's App Store. WeChat's platform will continue to grow stronger, adversely impacting Apple's ecosystem within China. Apple has been trying to improve the popularity of its Apple Pay within China for a number of years. However, AAPL has found it difficult to overcome the duopoly of Tencent's Wepay and Alibaba's Alipay. Last year, Apple started accepting Alipay within its retail stores., showing the massive hurdle faced by Apple in this area. The current trade tensions make its weaker ecosystem in China more crucial. Company-Specific ProblemIn the last two earnings report, Apple's management has hinted that its poor sales in China are due to the slowdown of the economy. China's GDP growth has certainly dropped slightly in the last few quarters. But there has not been a massive decline in consumer demand. Apple reported a 22% decline in its net sales in China in its March quarter and another 26% in the previous quarter. On the other hand, Alibaba reported 40% growth in its core commerce sales last quarter. As a result, the decline in Apple's China sales seems to be a largely company-specific issue.Source: IDCIn its recent report, IDC has estimated that Apple's unit shipments in its March quarter declined by a whopping 30.2%. At the same time, China's Huawei has shown over 50% growth. Most of the growth of Huawei has been in the domestic Chinese market. Huawei has been aggressively promoting its products and providing deep discounts. That has forced Apple to reduce its own prices. In the last few weeks of the March quarter, Apple gave massive discounts on the newer iPhones in China. The discounts on the iPhone XS Max were as high as 2000 Yuan (around $300). A Perfect Storm in ChinaThe recent jump in Apple stock after the earnings shows that Wall Street is ready to give Apple a pass for poor sales in Greater China. But the company can experience a perfect storm as a number of negative factors impact its business in China. Apple stock has been hurt when there were tensions between U.S. and China in the past. Even if a deal is made, the Chinese government can hit Apple with regulatory hurdles, hurting Apple stock. It would be nearly impossible for Apple to replicate in China the services it has launched in the U.S. There are already major domestic tech players in China which provide news, music, video, payments, and communication services. The revenue base of Apple's App Store can be further eroded due to the growth of WeChat's ecosystem.Finally, Huawei has a big home team advantage in China. It will also be launching 5G services sooner than Apple. It would be difficult for Apple to rely solely on its brand image to counter Huawei. The recent price cuts by Apple in China are a sign of the company's lower pricing power in this region. All these factors will continue to hurt Apple's net sales in China for the next few quarters, reducing the extent of any bullish runs by Apple stock. The Bottom Line on AAPL StockThe Greater China region contributed close to 20% of the total revenue of Apple in its last fiscal year. In the last two quarters, Apple has reported year-over-year declines of 26% and 22%, respectively, in net sales from this region. AAPL could experience further deterioration in China, depending on the result of the trade negotiations and the growth of its local rivals. It would be difficult for Apple to replace this lost revenue .It should be noted that the 22% decline in net sales in the Greater China region came despite heavy discounts offered by Apple in March. The near-term movement of Apple stock will heavily depend on its ability to generate decent results in China.As of this writing, the author did not own shares of any companies named. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Apple Stock Likely to Be Hurt by Trade Conflict appeared first on InvestorPlace.
The software company is the only one with a weighting of 4% or more in the broad index. That means moves in its shares have more sway over the index than any other company.
If you're looking to invest in the growing popularity of video games, you might want to start by considering these sector winners.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news about Lady Gaga. Today, we'll look at that and other Apple Rumors for Wednesday.Lady Gaga: A new rumor claims that Lady Gaga is going to perform at Apple Park, reports AppleInsider. According to this rumor, the entertainer will be performing at the venue for its opening event. The opening event for the Park is supposed to start today, but there's been no word yet on if Lady Gaga is in attendance. It's possible that the event will last for multiple days and she will perform on Saturday instead.iPhone Users: New data shows that iPhone user base growth is slow for the first quarter of 2019, MacRumors notes. This data comes from Consumer Intelligence Research Partners. The group says that the iPhone user base was 193 million units in the first quarter of 2019. This would have it only growing 2% from the iPhone user base of 189 million from the same time last year. This all falls in line with other data that suggests that iPhone sales are slowing down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestor Website: Apple has updated its Investor Relations website, reports 9to5Mac. This update has the company giving a stronger focus to press releases from its news room. Other changes to the website also make it less difficult for users to find the company's earnings data. There have also been several other small change that make the page easier to navigate.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Friday Apple Rumors: Lady Gaga May Perform at Apple Park appeared first on InvestorPlace.
This week's major tech stories include a Supreme Court ruling against Apple in an antitrust case, a new flaw discovered within Intel chips and an announcement from Microsoft and Sony that says the two companies have reached an aggreement to work together in a few areas.