Saturday, 13th August 2022
<To guardian.ng
Search

Apple cuts sales outlook on poor IPhone demand from China

By Bloomberg
03 January 2019   |   5:15 pm
Apple shares are falling in afterhours trade as the tech giant lowered its sales outlook citing poor iPhone demand from China and fewer users upgrading their phones as well.

Related

12 Sep 2021
The feature had been intended to scan for images of child sexual abuse. But it quickly drew concern over potential misuse as a "backdoor" for hacking and surveillance.
13 Sep 2021
A US federal court has ordered Apple to accommodate developers when it comes to payments for apps and services. The ruling came in the legal tussle between Apple and Epic Games.
14 Sep 2021
Apple has urged users to update the software on their iPhones, iPads, Apple Watches and Macs to plug a security weakness that allowed for spyware infections. The vulnerability was discovered by researchers at the University of Toronto, who said it was the first "zero click" attack, where users don't have to click on a link or a file to be affected. Also today, we look at the French central bank's latest forecast, in which it warns a labour shortage could derail the economic recovery.
22 Sep 2021
The €2.14 billion capital increase will shore up the German flag carrier's finances and help pay off a government bailout secured at the height of the COVID-19 pandemic.
5 Oct 2021
Shares in Facebook slumped by almost five percent on Wall Street on Monday after its services – including Instagram and WhatsApp – were knocked offline for several hours by a technical problem. Technology shares in general saw a selloff too, including Facebook's rivals like Twitter. Around $6 billion was wiped off the personal fortune of CEO Mark Zuckerberg. Also today, oil prices have jumped after the latest decision by OPEC and its allies not to increase supplies at a faster pace.
24 Oct 2021
Taiwanese tech giant Foxconn unveils three electric vehicles, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with.
11 Nov 2021
The world's richest man sold about 900,000 shares of his company Tesla after asking Twitter followers whether he should sell 10% of his stocks. But documents showed the sale was put in motion much before the poll.
15 Nov 2021
The billionaire CEO of the electric car maker has taken advantage of a nearly six-month meteoric rally in the stock price that vaulted the firm's value to over $1 trillion.
21 Nov 2021
Following the opening ceremony for what was India's biggest-ever IPO, shares in mobile payment giant Paytm lost a quarter of their value.
23 Nov 2021
Italy's antitrust authority has fined U.S. tech giants Amazon and Apple a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation in the sale of Apple and Beats products.
3 Dec 2021
The Observers, we caught up with a Syrian migrant who filmed himself crossing the Maritsa river from Turkey to Greece, in order to reach the European Union. He recounts his various trials crossing the river and being confronted by Greek border guards. Then, we go to the United States, where an unprecedented number of people are quitting their jobs, after being fed up with corporate culture and work-life balance during the Covid-19 pandemic. They've shared their #QuitMyJob stories on TikTok.
13 Dec 2021
Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.