Latest Apple Inc News

EU's antitrust cop lays groundwork for more tech scrutiny

Jan. 21, 2019 7:21 AM EST

COPENHAGEN, Denmark (AP) — Silicon Valley's notorious nemesis, Margrethe Vestager, plans to end her term as the European Union's antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world's big tech companies. As the EU's competition commissioner, Vestager is...

Huawei founder says company would not share user secrets

Jan. 15, 2019 10:44 PM EST

SHENZHEN, China (AP) — The founder of China's Huawei, the world's biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei...

Asian shares rally on hopes for China-US trade breakthrough

Jan. 9, 2019 12:06 AM EST

BANGKOK (AP) — Shares extended gains in Asia on hopes for progress in resolving the tariffs battle between the U.S. and China as talks appeared to have been extended in Beijing. KEEPING SCORE: Japan's Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong's Hang Seng jumped 2.5 percent to...

Samsung, like Apple, feels sting of slowing global growth

Jan. 8, 2019 11:28 AM EST

NEW YORK (AP) — Samsung expects its quarterly operating profit to fall 29 percent compared with last year, adding to the tech sector's unease about the effect of slowing global economic growth on the industry. The announcement from the South Korean computer chip and smartphone giant comes less than a week...

Stocks bounce back on US-China hopes; eyes on US jobs data

Jan. 4, 2019 7:29 AM EST

SINGAPORE (AP) — Global stocks rose Friday and Wall Street was set to open higher after heavy losses this week, as investors welcomed news of trade talks between the U.S. and China and braced for U.S. jobs data. European shares recouped losses from a day earlier, with Germany's DAX gaining 1.8 percent to...

Japanese shares skid, Shanghai surges after Wall St sell-off

Jan. 3, 2019 11:36 PM EST

SINGAPORE (AP) — Japanese shares tumbled and Shanghai's benchmark surged Friday as Asian markets steadied following a technology-led sell-off on Wall Street. The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. By midday, it was trading 2.8 percent lower at 19,465.36...

Markets Right Now: Asian shares mixed as Japan tumbles

Jan. 3, 2019 10:48 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 10:40 p.m. Japanese markets have tumbled as they reopened after the New Year holidays, while other Asian indexes are mixed after a technology-led sell-off on Wall Street. The Nikkei 225 index fell by an unusually wide margin...

With slump in iPhone sales, are we post Peak Smartphone?

Jan. 3, 2019 5:24 PM EST

NEW YORK (AP) — Behind Apple's disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did. Some...

Apple, Delta, Intel and 3M sink while Celgene soars

Jan. 3, 2019 4:46 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday: Apple Inc., down $15.73 to $142.19 The tech giant said iPhone sales in China weakened over the holiday season and will fall far short of Wall Street forecasts. Celgene Corp., up $13.79 to $80.43 Bristol-Myers Squibb agreed to buy...

Waning iPhone demand highlights Chinese consumer anxiety

Jan. 3, 2019 4:16 PM EST

BEIJING (AP) — Apple's $1,000 iPhone is a tough sell to consumers in China unnerved by an economic slump and the trade war with the U.S. CEO Tim Cook said in a letter to shareholders Wednesday that demand for iPhones is waning and revenue for the last quarter of 2018 will fall well below projections, a...