With manufacturing costs for older and/or less advanced models likely in the $200 range or below, the company can easily sell such iPhones at lower price points while still turning a profit, and in doing so take share from mid-range Android rivals. But when a company is selling over 200 million phones annually at an average selling price well north of $600, it’s hard to blame it for being cautious about how much it moves down-market, given the risk of potentially cannibalizing sales of pricier models.
Category: Apple
Why Tesla Can’t Live Up to This Analyst’s Expectations
An analyst has likened the electric carmaker to Amazon, Netflix and Apple. Here’s why that’s a ridiculous idea.
Here’s Why Apple’s Stock Is Still a Buy
Trading at all-time highs, Apple is up 20% for the year already. With Citi raising its price target for the stock to $160 recently, many investors believe Apple’s stock will only continue climbing .
WikiLeaks claims the CIA built special tools for hacking…
Documents published on Tuesday by WikiLeaks claim to be evidence that the “CIA lost control of the majority of its hacking arsenal.” According to the WikiLeaks files, it appears that the CIA has teams specifically dedicated to breaking into Apple products, including iOS, the software that runs on iPhones and iPads, and even Apple’s line of routers, AirPort .
Here are 3 easy ways to find and buy AirPods, even when Apple…
Despite being available for a few months now – they were supposed to release in October, but got delayed to December – finding AirPods is still incredibly tough. Unless you’re extremely lucky, you will not be able to walk into an Apple store and find AirPods.
Here’s why Steve Jobs never let his kids use an iPad
Steve Jobs in 2010 was on the stage at the Apple event releasing the iPad and he described it as a wonderful device that brought you educational tools. It allowed you to surf the web, it allowed you to watch videos, it allowed you to interact with other people.
Apple’s U.K. Patent Suit Against Qualcomm Adds to Global Battle
Apple Inc. sued Qualcomm Inc. in a U.K. patent court, adding to lawsuits across the globe in a sprawling battle over patents and licensing fees between the iPhone maker and the largest maker of mobile phone chips. The lawsuit was filed Thursday and cites a claim on patents and registered designs.
No Changes Coming to Apple Charging Cable for iPhone 8
Apple is set to release the latest version of its popular smartphone, the iPhone 8, this fall and the latest rumors swirling around the device suggest there will be no changes made to the phone’s Lightening port connector. A recent Wall Street Journal report noted that Apple was moving away from the Lightning port in favor of the USB Type-C connector used on the company’s MacBooks.
Dalio Jolts Bridgewater as Rubinstein Exits After 10 Months
Ray Dalio shook up management at his Bridgewater Associates for the second time within a year in a sign that the billionaire is grappling with succession planning at the world’s largest hedge fund. Dalio said he will step down as interim co-chief executive officer next month and will remain co-chief investment officer.
Apple iPhone 8 Could Cost $1000
Apple’s highly anticipated 10th anniversary iPhone 8 could have a starting price of $1,000, according to a research note from Ming-Chi Kuo, an analyst renowned Apple rumor site 9 to 5 Mac called the “most accurate Apple analyst in the world.” The new iPhone is expected to feature more screen space, an energy efficient high-resolution OLED screen, and wireless charging capabilities.
Under pressure, Apple may expand its US manufacturing base
New York, March 1 – Under pressure from the Trump administration to create more domestic jobs, Apple may soon broaden its $50 billion US manufacturing and supplier base, a media report said. According to a report in Financial Times on Wednesday, Apple CEO Tim Cook said the company would also step in to defend net neutrality if the principle protecting even-handed management of internet traffic was threatened by the new head of the Federal Communications Commission, the US telecoms regulator.
Buffett Doubles Apple, Seeks Deals
At Warren Buffett’s direction, Berkshire’s Apple stake hit 133 million shares. But more than equity investments, Buffett seeks deals.
Berkshire Built Apple Stake to 133 Million Shares, Buffett Says
Berkshire Hathaway Inc. has increased its stake in iPhone maker Apple Inc. to about 133 million shares, Chairman Warren Buffett told CNBC. That’s more than twice as much as Berkshire held as of Dec. 31, the billionaire told the cable network in an interview Monday.
Challengers Vie for Barcelona Spotlight Amid Apple, Samsung Void
Phone makers Huawei Technologies Co. and LG Electronics Inc. are battling to steal the show at this year’s Mobile World Congress in Barcelona, rushing to fill the void in the absence of handset leaders Samsung Electronics Co.
Related Article: Why You Won’t Be as Lucky as Billionaire Warren Buffett When Investing in Apple
Billionaire Warren Buffett’s Berkshire Hathaway quadrupled its stake in Apple during the fourth quarter. Last year, Apple shares slumped 30% from its prior record back in 2015, but are now up 17% year-to-date, as the stock reached a record high earlier this week.
Related Article: What Buffett, Icahn and Other Billionaire Investors Are Buying in the Trump Era
Warren Buffett, Carl Icahn, David Einhorn, Dan Loeb and Bill Ackman have been making some major investment moves in recent months, as revealed in regulatory filings with the Securities and Exchange Commission this week. They’ve invested millions, if not billions, of dollars in companies like Apple , Herbalife , Chipotle and Goldman Sachs .
Apple’s Oscar Moment Is Coming
Amazon made history this year as the first internet company to score an Oscar nomination for Best Picture, but it could soon be overtaken by Apple. Amazon is the upstart to break into the Best Picture category at this year’s Oscars, but Apple ‘s year is coming, Loup Ventures wrote in a note released on Friday.
Why Intel and Samsung’s Latest 4G Modem Launches Should Make Qualcomm a Little Nervous
This column originally appeared on Feb. 24 on Real Money, our premium site for active traders. Click here to get great columns like this.
Al Gore just sold $29 million of Apple stock
Former US Vice President Al Gore sold 215,437 shares of Apple this week at an average price of $136.72 per share – a transaction netting him about $29.4 million. The sales appear to represent a significant portion of Gore’s stake in the iPhone maker.
Apple’s Reported Plan to Launch Several New iPads Makes Sense, But Won’t Stabilize Tablet Sales
Launching new iPad Pro models should strengthen Apple’s grip on the high-end. But bigger improvements will be needed to spark an industry recovery.
Apple Price Target Raised at Morgan Stanley
Shares of Apple were climbing on Tuesday after Morgan Stanley hiked its price target on the tech titan’s stock to $154 from $150. The firm echoed increased sales optimism in China and that the country could represent “outsized growth” in fiscal 2018.
Apple’s Upcoming iPhone Helps Foxconn’s Gravity-Defying Act
Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria.
Why It Makes Sense for Apple to Make iPhone SEs in India, but Not Other Models
The tech giant’s reported plans to produce the low-cost iPhone model in India would allow it to avoid important tariffs and possibly obtain lower labor costs. For years, Tim Cook has argued that India is Apple’s next big emerging markets growth opportunity as its huge population, growing middle class and 4G network rollouts create a large base of consumers able and willing to buy a high-end smartphone.
Apple Is on a Crash Course to Being First Company to Ever Be Worth $1 TRILLION
Apple’s market cap is surprisingly only 40% away or so from reaching $1 trillion. Don’t laugh, the milestone could very well happen.
Apple Said to Weigh Chinese Supplier for Next-Gen iPhone Screens
Apple Inc. is in discussions with China’s BOE Technology Group Co. to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics Co.
Here’s Why Apple’s Stock Hit An All-Time High Today
What a difference a few months make. After hitting a low point in May of last year, Apple’s stock has rallied back 47%, and it just hit an all-time high today.
Facebook Announces New TV App in Move to Become Video Destination
The social media giant is set to launch a new app in the coming months that will be available on Apple TV and Amazon’s Fire TV. Facebook announced on Tuesday that it was significantly increasing the number of ways users will be able to watch its videos, including via a new app accessible on set-top boxes such as Apple TV and Amazon Fire TV, as well as Samsung Smart TVs.
Apple breaks intraday record high for first time since 2015
Apple Inc’s share price hit an intraday record high on Tuesday for the first time in almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The stock touched an intraday all-time high of $135.09, beating its previous intraday high of $134.54 set on April 28, 2015.
Apple Shares Hit Record Close on Optimism for Next IPhone
Apple Inc. shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed less than 1 percent to $133.29 at the close in New York, the highest on record.
Dow, S&P 500 and Nasdaq Score New Records for Third Straight Day
The good vibes that carried Wall Street to new records last week lingered on into Monday’s session, pushing indexes to close at new highs for their third day in a row. The Dow Jones Industrial Average gained 0.70% to close at a record 20,412.
Apple’s iPhone Loses the China Sales Crown: 3 Reasons It Doesn’t Matter
Late last month, Counterpoint Research stated that the best-selling smartphone of 2016 in China was not an iPhone . The last time an iPhone didn’t hold the top spot was 2012.
Apple’s iPhone 8 Could Represent a Major Break With the Past
In addition to being packed with new features, the company’s latest flagship iPhone might sport an unprecedented price and feature an earlier production ramp. Apple’s much-rumored iPhone 8 has long been expected to deliver major design changes and feature set improvements relative to the iPhone 7/7-Plus.
Apple, Inc. CEO Tim Cook Talks Up Augmented Reality’s Potential
Despite the company’s penchant for secrecy, it’s become increasingly clear that Apple has something in the pipeline given that CEO Tim Cook keeps talking about AR’s transformative potential. This is that whole “ship leaking from the top” bit that Steve Jobs always referred to.
Apple’s iPhone 8 Could Represent a Big Break with the Past
But a new set of reports also suggest the device could represent a sea change in terms of how Apple prices and manufactures its latest flagship model. In addition, one of the reports indicates Apple will be doubling down on its efforts to differentiate its costliest iPhones via camera technology.
Better Buy: Apple Inc. vs. IBM
Apple, after reporting three consecutive quarters of sales declines, finally broke out of its funk last month when it reported solid, albeit muddled , holiday quarter results. IBM, after years of earnings declines, expects to return to growth on a per-share basis this year.
Apple TV Could Still Be a Major Opportunity, if Apple Can Execute
The tech giant’s hiring of a new exec from Amazon comes as pay-TV streaming apps and a burgeoning smart home market spell new opportunities. The TV has long been Apple’s white whale, a giant digital content and communications platform that has captured its imagination for at least a decade, but one which it has only established a modest presence for through a line of streaming set-top boxes.
Apple vs. Amazon: Why Investors Have Got It Wrong
Investors are rewarding Apple, while taking Amazon to the woodshed. Here’s why it should be the other way around.
Apple Supplier AMS Jumps on Robust Growth Outlook
AMS AG shares advanced after the Austrian chipmaker said it expects revenue and profitability to expand at a fast pace over the next few years. Shares in the Premstatten, Austria-based company advanced 14% to Sfr38.75 at 8:30 GMT.
Apple Said to Revive Efforts to Sell Used iPhones in India
Apple Inc. has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, a person familiar with the matter said. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the manufacturing infrastructure needed to make them compliant with quality standards, said the person, who asked not to be named as the matter is private.
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With the race for artificial intelligence shifting into high gear, companies are not only developing AI systems in-house, but are increasingly bringing start-ups into the fold to augment their efforts. Market intelligence firm CB Insights released its list of AI acquisitions over the last five years.