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NAS:AAPL, Jan 18, 12:34 UTC

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Friday, January 11


News

Apple to debut three new iPhone models in the autumn

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Apple Inc. plans to push out three new iPhone models this autumn, according to sources cited by The Wall Street Journal on Friday. The report comes more than a week after Chief Executive Officer Tim Cook lowered the company's revenue forecast amid slowing iPhone sales and pressure in China. One of the phones will be a followup to the less-expensive XR iPhone with a liquid-crystal display that has proven tougher to sell. J.Com and Suning, two major Apple resellers in China, slashed prices of the iPhone 8, the 8 Plus and XR Friday, owing to weak sales, The Financial Times reported.

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Apple to launch three iPhones with new camera features this year

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Apple to launch three iPhones with new camera features this year - WSJ. Jan 11 (Reuters) - Apple Inc plans to launch three iPhone models this year with some new camera features, including three rear cameras for the most expensive model and two for the other models, the Wall Street Journal reported on Friday. The new iPhones will succeed the XR model that has shown sluggish demand, which according to Apple was due to weak sales in China. Apple plans to continue with LCD model as the device has been in the production pipeline for months, the report said. However, for 2020, Apple will fully switch to the organic light-emitting diode, or OLED, display for iPhones, thereby completely dropping the LCD model, the report said.

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Apple plans to launch three new iPhone models this year

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Apple plans to launch three new iPhone models this year: WSJ. (Reuters) - Apple Inc plans to launch three new iPhone models this year, including one with an LCD screen, to succeed its struggling XR model, the Wall Street Journal reported on Friday. The Cupertino, California-based company has decided to stick with liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, the report said. Apple plans to continue with LCD model as the device has been in the production pipeline for months, the report said. However, for 2020, Apple will completely switch to the organic light-emitting diode, or OLED, display for iPhones, thereby completely dropping the LCD model, the report said.

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[$$] Apple Plans New LCD iPhone This Year Despite XR's Stumble

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Inc. is planning to release three new iPhone models again this fall, including a successor to the struggling XR, the lower priced 2018 device with a liquid-crystal display that has fallen short of Apple’s sales expectations, people familiar with the matter said. Apple plans to introduce some new camera features, including a triple rear camera for the highest-end model and double rear camera for the two other models, the people said. The move to stick with LCD comes as Apple grapples with sluggish sales of the iPhone XR, which has cut into its most recent revenue projection.

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China retailers slash iPhone prices after Apple sales warning

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SHANGHAI (Reuters) - Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning. The discounting, as steep as $118 for the recently launched 64GB iPhone XR, is the latest sign that Apple's weak holiday sales in China may have extended to the current quarter. The price cuts on iPhones by Chinese retailers began in the middle of this week, with at least six offering promotions this weekend, according to checks done by Reuters. Such widespread price cuts are not uncommon around shopping festivals like Single's Day in November, but these cuts stand out as they affect Apple's latest XS and XR models that were released only months ago, said Mo Jia, a Canalys analyst who tracks China's smartphone industry.

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Thursday, January 10


News

Apple's stock plunge is taking a multi-billion bite out of Berkshire Hathaway's stock portfolio

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The drop in Apple’s stock price (AAPL) has hit Warren Buffett’s Berkshire Hathaway’s (BRK-A, BRK-B) stock portfolio. “On a cumulative pro forma basis, investments in Apple Inc., Wells Fargo & Co., Bank of America Corp., and American Express Co. are down just over $25 billion during that time, with Apple's 34% drop wiping out $19.2 billion of Berkshire market value.”. As of the third quarter ended September 30, Berkshire Hathaway owned more than 252.47 million shares of the iPhone-maker, making it the No. 1 largest equity holding. Assuming the position is unchanged, it’s valued at over $38.83 billion based on Thursday’s closing price of $153.80. Apple’s stock came under pressure after CEO Tim Cook said the company lowered its revenue guidance for the first fiscal quarter of 2019, citing weakness in China and lower-than-expected iPhone sales.

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Apple Roundup: Negative Preannouncement, Samsung Deal

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The shares took a beating then, as well as after its negative preannouncement, while continuing to lead the S&P 500 by a mile-. But estimates have come tumbling down as analysts began to get a sense of just how much of a decline the hardware business was in for: by 22.6% for the December quarter, 11.9% for the March quarter, 9.7% for fiscal 2019 and 8.4% for fiscal 2020. On Jan 2, Apple lowered its revenue guidance for the holiday quarter from $91 billion (at the mid-point) to $84 billion, its gross profit from $34.8 billion at the mid-point to $31.92 billion, its operating expense from $8.75 billion to $8.7 billion (effectively lowering operating income from $26.05 billion at the mid-point to $23.22 billion) and its other income from $300 million to $550 million. Slower iPhone sales in China (one of its largest markets) aren’t a particularly encouraging signal given strained sino-U.S. relations and recent market gyrations. If negotiations fall through, iPhone parts will come in for some rather heavy tariffs and Apple maintains that there isn’t adequate expertise in the country to allow a production shift back to the U.S. So prices of iPhones (a high end consumer good) will rise and a corresponding impact on sales will follow. Apple’s intentions are obvious: first, to grow its services revenue as fast as possible to offset the increasing pressure on device sales; second, to woo Android device owners into its ecosystem and failing that, to profit from them where possible; and three, to increase options for Apple device owners by letting them stream phone content onto their Samsung TVs. Since Apple TV hasn’t been wildly popular, the need to combine with leading TV makers is all the more important, especially as it gets ready to launch its video streaming service in the second half of the year.

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Apple will disrupt the health sector as the iPhone did wireless, former CEO John Sculley says

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John Sculley, who helmed the company from 1983 to 1993, told CNBC on Thursday that Cook is "absolutely onto something" with his plans to inject Apple into the health-care space and that "it may well be the great legacy that he's talking about." "And indispensable means it's got to do things that are significantly more capable in terms of health and preventative care than what we have today — with wearable devices or things [that] enable people to do more self-diagnosis, where the consumer can have a bigger role, just as they have in other industries." Recalling how Apple's iconic former chief Steve Jobs upturned both the wireless and photography industries a dozen years ago with the iPhone, Sculley says, "We're going to see something similar in health." Sculley, who the late co-founder Jobs lured from PepsiCo to Apple, pointed out that the first and later iPhone generations gradually took market share from Blackberry, Nokia and Motorola cell phones and revolutionized photography, eventually leading to Kodak's bankruptcy in 2012. While Apple's stock has suffered lately from a string of news that has disturbed investor confidence, Sculley said the public does not always get a glimpse at the "big" plans that a company's officers are discussing behind closed doors.

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Millennials are piling into Apple after it warned of a slowdown linked to China (AAPL)

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Millennials are piling into Apple after it warned of a slowdown linked to China (AAPL). Apple last week slashed its revenue guidance for the holiday quarter and blamed slumping sales on a slowdown in China. As shares faced selling pressure following the announcement, down as much as 10%, millennials traders on Robinhood were piling into the stock. Since peaking at $233.47 on October 3, Apple has lost 35% of its value. Apple last week sounded the alarm on a holiday sales slowdown, but investors on Robinhood, a no-fee trading app popular among millennials, brushed off the company's warnings and instead snapped up shares. The smartphone titan has consistently been the favorite stock or Robinhood users, outranking all the others in each of the past nine weeks. And millennial's affection for Apple has strengthened as shares have weakened.

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Apple is portraying itself as the defender of privacy, but it's one slip away from embarrassment

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Apple is portraying itself as the defender of privacy, but it's one slip away from embarrassment. Apple ramped up its efforts this week to differentiate its business because of privacy and security, a risky move given risks to its cloud-based back-up service and a challenging privacy environment globally, particularly in China, where the company says it is struggling. Apple took a high-profile swipe at Google, Amazon and Facebook at this year's Computer Electronics Show, with a full-building ad touting "What happens on your iPhone, stays on your iPhone." That means Apple has little reason to compile detailed information about users, and even less incentive to sell that information to third parties. But Facebook and Google make the vast majority of their money from advertising. But putting such a big stake in privacy as a differentiator may be a risky business move.

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