Wednesday, 24 October, 2018

Apple under investigation for slowing older iPhones

Apple CEO Tim Cook talks about the iPhone 6 and iPhone 6 Plus during an Apple event in San Francisco. U.S. authorities are investigating Appleā€™s slowing of older iPhones according to published reports. The Wall Apple investors made a big bet on a rare and powerful event that's about to pay off or fizzle in the sky
Frank Williams | 31 January, 2018, 15:30

The megahyped, redesigned phone, initially short on supply when released in November, now has more units available than consumers want to buy. UBS Analysts commented, "Apple earnings should handily beat December quarter expectations, but March guidance could moderately disappoint". Some of those cuts may be seasonal, part of a regular post-holiday pullback.

Apple exec Eddy Cue (center) overseas the company's music effortsGetty ImagesWith so much uncertainty in iPhones, some investors are looking to other corners of Apple's business for a potential upside surprise. Also, why would the company move to a heftier price range for the 2018 lineup of iPhones?

The tenth anniversary iPhone X is the first major design refresh on an iPhone in the last couple of years. The company is expected to show a slight uptick in iPhone shipments -79 million, up 0.9% from a year ago, according to the analyst consensus. (NASDAQ:AAPL) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Not just Apple, the iPhone X sales are hitting the supplier partners too.

The revelations led to Apple being accused by French investigators of incorporating planned obsolescence into its technology, which it denied. "We still view the iPhone base as growing, and the devices are on average getting older".

Pregnant Kylie Jenner Regrets Not Having Her Baby With Tyga
The unnamed source also said that she's already decorated the nursery for her baby, and everything is "pink, pink and pink". And unlike most celebrities, she's decided not to hire a nanny to help with all that nappy changing and carrot pureeing.

"The Band-Aid will be ripped off", he says. Toni Sacconaghi, an analyst at Bernstein slashed his iPhone forecasts for the second quarter as well as the entire year. Zacks Investment Research upgraded shares of Apple from a "hold" rating to a "buy" rating and set a $197.00 target price for the company in a report on Thursday, January 18th.

Apple Inc. has a twelve month low of $120.62 and a twelve month high of $180.10.

Apple is known to the DoJ and has previous convictions after Steve Jobs organised an illegal book buying cartel with book publishers to push up book prices and damage Amazon's business. It hasn't said where.

Apple's "Batterygate" woes won't seem to go away. Apple did not respond to a request for comment on the probe. Stonehearth Capital Management LLC increased its stake in shares of Apple by 0.8% in the first quarter. It also is a 4.8% decline from the record 231.2 million handsets sold by Apple in 2015.

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