EU News Digest Latest News & Updates
Justin Sullivan | Getty Images The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Bank of America upgraded Intel to buy from neutral on Friday, saying the chipmaker is slated to outperform its large-cap peers in 2019. “Trading at just 10 times price to earnings, …
Read More »Apple must respect local court order
Wang Zhao | AFP | Getty Images A man is reflected on a screen showing the iPhone XR at an Apple store in Beijing on January 3, 2019. A national Chinese anti-counterfeit alliance called on Apple on Thursday to comply with a court order banning sales of some iPhones in …
Read More »Apple has a core challenge, and it’s not China, says Toni Sacconaghi
John Gress | Reuters Tim Cook, Chief Executive Officer of Apple Inc., takes a selfie with a customer and her iPhone as he visits the Apple Store in Chicago, Illinois, U.S., March 27, 2018. In an interview with CNBC’s Josh Lipton on Wednesday, Cook said, “Our shortfall is over 100 …
Read More »GM Cruise and DoorDash are partnering on autonomous food deliveries
Elijah Nouvelage | Reuters Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Food delivery service DoorDash is partnering with General Motors’ self-driving unit Cruise to test autonomous technology for meal and grocery …
Read More »Apple’s suppliers are getting crushed by its lowered revenue guidance
Noah Berger | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc. Apple’s downgraded revenue guidance dragged its stock down more than 8 percent Friday, and brought its suppliers and partners down with it. Guidance cuts from some of Apple’s suppliers gave investors the first whiff of …
Read More »Here’s Tim Cook’s plan to get more people to upgrade their iPhones
Justin Sullivan | Getty Images Apple CEO Tim Cook (L) takes a picture with David Casarez (R) who just purchased the new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. After warning investors to expect lower revenue for Apple’s first quarter earnings, CEO Tim …
Read More »Apple stock falls after cutting Q1 guidance on weak iPhone sales
Apple is set to open more than 8 percent lower Thursday, a day after slashing first-quarter revenue guidance in a rare acknowledgement of waning sales. That plunge would make for Apple’s worst day of trading since 2013 if the losses hold, and it extends a painful year-end trend for Apple …
Read More »Tim Cook on China after revenue forecast slashed
ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018. Apple Chief Executive Tim Cook has blamed an economic slowdown in China, and the Sino-U.S. trade war, for its downgrade to its first-quarter sales guidance. That marks a dramatic change in …
Read More »Cook says he isn’t worried about China visits after Huawei CFO arrest
VCG | Getty Images Apple CEO Tim Cook attends China Development Forum 2017 – Economic Summit at Diaoyutai State Guesthouse on March 18, 2017 in Beijing, China. Apple CEO Tim Cook isn’t worried about traveling to China in the wake of the Huawei CFO’s recent arrest on U.S. warrants, dismissing …
Read More »These are the three big questions facing Apple in 2019, analyst says
David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., arrives on stage during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Wednesday, Sept. 12, 2018. Apple, like most of the major technology stocks, endured a volatile 2018. But what …
Read More »