Sagging demand for the iPhone shows no sign of abating

14 Mars, 2019, 15:52 | Auteur: Auguste Feret

Price cuts in China have not helped revive demand for Apple's iPhone according to an analyst firm cited by Bloomberg. He affirmed his neutral rating on the stock and said the lack of a rebound in iPhone sales creates risk and shifts more focus to Apple's March 25 event, where the company is expected to introduce a video programming service and premium magazine subscription plan.

Apple had no comment on the research reports, but Chief Executive Tim Cook told analysts during its latest earnings call in late January that iPhone's global installed base reached a record 900 million in December, up 75 million in the past 12 months.

According to data compiled by Bloomberg, nearly 20 percent of Apple's fiscal 2018 revenue was derived from China, and the iPhone accounted for 62 percent of revenue.

Central Intelligence Agency blamed for raid on North Korean embassy in Spain
If there is however a proven link with intelligence services, it could cause uproar both in North Korea and internationally. The perpetrators may have been looking for information on the former ambassador of North Korea to Spain - Kym Hyok Chol.

Chelsea consider complaint over 'dangerous' surface for Dynamo Kyiv tie
Striker Gonzalo Higuain has not travelled due to illness while teenage winger Callum Hudson-Odoi is likely to start, Sarri added. It's a mad one because a young English player at Chelsea at that age then you really want him to sign that long-term contract.

Formula One race director Charlie Whiting dies on eve of Australian GP
He has been an integral part of the organization of the FIA Formula 1 World Championship since he joined the FIA in 1988. His fellow British rookie, George Russell, said: 'I'm deeply saddened to hear the news of Charlie Whiting's passing.

"Multiple iPhone price cuts did not stop China iPhone search trends from weakening further while February supplier sales were abysmal, decelerating on a year over year basis vs. January", Harrison wrote in a research note Tuesday.

Longbow Research used searches on China's dominant search engine, Baidu, to draw its conclusions, reckoning that year-on-year, interest had fallen by 47 per cent from 2018. According to FactSet, 20 recommend buying shares and 18 recommend holding the stock. The average price target of $179.06 is slightly below Apple's closing price of $180.91 on Tuesday.

The situation isn't likely to improve in Apple's forthcoming fiscal second-quarter results. These estimates indicate a drop of almost 13 percent in profitability and sales falling 5.9 percent compared to the prior-year period.

Conseillé:



Populaire

Mbappé, Kimpembe et Areola attendus dans la liste de Deschamps
Au milieu, Deschamps a préféré Sissoko, très bon avec Tottenham, à Nzonzi, en difficulté à la Roma. Pour le reste de la liste, Kurt Zouma est pressenti pour remplacer Adil Rami en défense.

FCG : Antonin Berruyer victime d'un AVC "parfaitement traité"
Après être rentré chez lui ce weed-end, le troisième-ligne a passé de nouveaux tests ce lundi qui se sont avérés positifs. Une information annoncée par le club isérois dans un communiqué publié ce mardi sur son site officiel.

Trump dénonce les théories du complot sur une "fausse Melania"
Photos à l'appui, des internautes ont ainsi assuré que la femme aux côtés du président américain n'était pas celle qu'elle prétend être.

Stephen Hawking's nurse struck off over care failings
I hope my father would be pleased to be alongside Sir Isaac Newton and Charles Darwin as scientists who have made it on to money'. At the age of 22 Prof Hawking was given only a few years to live after being diagnosed with a rare form of motor neurone disease.

Cambriolages : au tour de Kurzawa !
La maison de Layvin Kurzawa a été la cible d'une tentative de cambriolage , selon les informations du journal L'Equipe . Le latéral gauche parisien, qui bénéficiait de trois jours de repos, n'était pas présent chez lui.

La sanction tombe pour Khazri — Saint-Etienne
Les sanctions de la commission de discipline de la LFP sont tombées ce mercredi soir après la réception du LOSC dimanche dernier dans le Chaudron.

Gennady Golovkin opens up about making DAZN signing official
Golovkin is the harder puncher and an excellent stalker who is just as capable of winning fights moving forward or backward. But I gained a lot of knowledge and experience from that fight and it will only help me as [I go forward]".

Iran warns of firm response if Israel acts against its oil shipments
He said these tankers can no longer be insured by worldwide companies and are likely to be insured by Iranian firms. They intervened on Friday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden.

USA dollar drops amid rising sterling
The pound steadied after surging in the wake of the United Kingdom parliament's vote that opened the door to delaying Brexit. Gold hit almost a two-week high as tepid USA economic data reinforced views the Fed would be patient on monetary policy.

Malaysia won't drop case against Vietnamese woman in Kim killing
Huong's application, which was filed on Monday, to have the charge against her dropped was rejected by the Attorney-General (AG). Prosecutors had sprung a surprise on Monday by asking the court to drop the charge against Siti Aisyah and free her.