For US tech executives there was no avoiding it: China's slowing growth had a big impact on quarterly earnings.» Read More
Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...
LONDON, Feb 2- Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector. A Reuters examination of comments or recent statements from 34 large publicly-traded foreign companies that updated investors on their China operations...
BRUSSELS, Jan 29- A senior U.S. The meeting comes a week after Apple Chief Executive Tim Cook met European Competition Commissioner Margrethe Vestager, who is expected to rule on his company's sweetheart deal with Ireland early this year. "Ditte Juul-Joergensen, Linsey McCallum and Gert-Jan Koopman will meet with Robert Stack, Deputy Assistant Secretary for...
SAN FRANCISCO— The bloom may be off Apple's iPhone, at least for now. So now the pressure is on the iconic Silicon Valley company to come up with its next big thing. Apple faces "a few tough quarters ahead until we get to the build-up around iPhone 7 later this year," said Daniel Ives of FBR Capital Markets, in a research note Wednesday.
CNBC's Josh Lipton talks about whether Apple is breaking out its services business because its iPhone sales have peaked.
NEW YORK— Stocks sank Wednesday after the Federal Reserve gave a cautious assessment of the global economy and said growth in the U.S. has slowed down. The statement from the Fed smothered a small rally in stocks earlier in the day. In addition to lowering its view of the U.S. economy, the Fed didn't say if it will respond to those and other concerns by slowing down its...
BTIG analyst Walter Piecyk explains what Apple will have to do to keep up investors' confidence in the company.
CNBC's Josh Lipton reports Apple is not immune to the slowdown in China but CEO Tim Cook remains bullish over the long haul.
Chris Caso, Susquehanna Financial Group, and Nilay Patel, The Verge editor-in-chief, discuss Apple's quarterly results and where they see growth for the tech giant, including changes in the iPhone and new devices.
Ivan Feinseth, Tigress Financial Partners, says now is a good time to buy Apple stocks and weighs in on the tech giant's cash hoard and China sales.
Apple reported fiscal first quarter earnings that beat analyst estimates, but came in below expectations on revenue, iPhone sales and more.
Despite boasting the company's "best results ever" in Greater China region, CEO Tim Cook acknowledged "the turbulent environment."
SAN FRANCISCO, Jan 26- Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever growth in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company's period of exponential growth may be ending. "It's disappointing to see them miss on an already downward adjusted sales number and the...
Apple CEO Tim Cook makes statements regarding Apple's quarterly results, noting the company's generated record revenue. Cook also discusses China, foreign currency, and economic conditions.
SAN FRANCISCO— Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world's most valuable company. The tech giant says revenue could fall at least 8.6 percent during the January-March quarter, compared with a year earlier.
*Number of fake Apple stores in Shenzhen district down by a third. While China remains a crucial growth driver for Apple, the anecdotal evidence from Shenzhen illustrates the economic headwinds the U.S. firm faces in a market that CEO Tim Cook has said will one day be its biggest. Apple's China sales grew 84 percent in the year through September.
Despite a declining stock and warnings from suppliers, analysts still expect solid earnings from Apple when it reports after the bell Tuesday.
SAN FRANCISCO— Apple could soon face one of its biggest challenges to date: Peak iPhone. That could mark a pivotal moment for the Silicon Valley giant. The iPhone contributed nearly two-thirds of Apple's $234 billion in revenue last year.
Brian White, Global, Drexel Hamilton, shares his expectation on Apple's earnings, and Apple's growth strategy.
Jan 22- Apple Inc's Steve Zadesky, who has been overseeing the company's electric car project for the last two years, has said he is leaving the company, the Wall Street Journal reported on Friday, citing people familiar with the matter. Apple has never acknowledged it is looking into building an electric car, but the company has recruited dozens of auto experts,...