|Day's Range||21.59 - 21.90|
Apple Inc. could be hit hard if China imposes a retaliatory ban against its products, but the founder and chief executive of Huawei Technologies Co. doesn't think it'll come to that. In an interview with Bloomberg Television published Sunday, Ren Zhengfei said he'd "protest" such a move. "That will not happen, first of all. And second of all, if that happens, I'll be the first to protest," Ren told Bloomberg. "Apple is my teacher, it's in the lead. As a student, why go against my teacher? Never." Last week, Goldman Sachs warned Apple's per-share earnings could take a 29% hit if China stops importing its products. Ren acknowledged that the Trump administration's import ban against Huawei products could hurt the Chinese tech giant in the short run, but the real impact "depends on how fast our repairmen are able to fix the plane."
(Reuters) - Huawei Technologies' founder and Chief Executive Ren Zhengfei told Bloomberg https://bloom.bg/2HT7DUY that retaliation by Beijing against Apple Inc was unlikely and that he would oppose any ...
Remember those “Get a Mac” commercials Apple Inc. ran in the mid- to late 2000s? And how they were pretty funny? Turns out, they could have been a lot funnier, if not for Steve Jobs.
As trade tensions persist, a potential weapon in China's arsenal has emerged: Access to rare earth metals, a critical component of many technology products. China is the primary source of rare earths for manufacturers around the world. Apple shares closed down .38% on the Nasdaq Friday to $178.97.
faces a bigger risk in China than the direct impact of any tariffs, according to WedBush Securities analyst Dan Ives. Nationalistic sentiment in China -- and specifically anti-American sentiment -- could pressure its significant sales in the region. "We believe the more concerning issue is around any hit in demand if Apple feels the noise in China and any pro Huawei sentiment/Chinese nationalism negatively impacting sales in the near term which we believe is a contained situation (3%-5% of Chinese iPhones) for Cupertino the way things stand today," Ives said in a note.
NEW YORK, NY / ACCESSWIRE / May 26, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have ...
Pomerantz LLP announces that a class action lawsuit has been filed against Apple, Inc. (“Apple” or the “Company”) (AAPL) 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. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at firstname.lastname@example.org or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980.
The U.S. has rolled back some of last Sunday's restrictions on Huawei, giving the company a temporary reprieve. Regardless, I have learned from my industry sources that Huawei has likely increased (hoarded?) their component inventory levels substantially. Nobody is looking at Huawei's balance sheet and even if they did they probably couldn't find the inventory line as there are so many off balance sheet items that the Chinese typically use.
The bad news seems to keep on coming for Tesla Inc., and one expert says this is the year the electric-car company “comes undone” — and maybe gets bought by Apple Inc.
Earlier this month, Qualcomm investors thought some of the chip maker’s legal issues were abating after the company’s big agreement with Apple, but on Wednesday, the company was seen as having more uncertainty after a federal court ruling.
The world's top 10 technology names include seven American names, but you'll find a couple of Chinese companies and a Korean conglomerate on the list, too.
NEW ORLEANS, May 24, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
Together with PayPal, Visa and Mastercard look virtually unassailable in the digital-payments market. The stocks, while pricey by traditional price/earnings metrics, show no signs of slowing down.
Read an in-depth review of competing business models in the tech industry, including how Apple and Samsung are redefining corporate warfare.
NEW YORK, NY / ACESSWIRE / May 24, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...
Apple has snapped up a company called Tueo Health, which was working on an appto help parents monitor asthma symptoms of their sleeping kids, according toCNBC
FANG stocks are in correction as trade tensions hit tech. How to trade the tech slump. With CNBC's Scott Wapner and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Dan Nathan.