Apple Week in Review: Slumping iPhone Sales and a Rising Share Price

Apple may still have issues selling iPhones, but that doesn’t seem to faze investors. The company said during its second-quarter earnings release this week that iPhone sales fell 17% year over year to $31 billion after sluggish demand carried over from 2018. The decline in iPhone sales helped to push Apple’s profit down 16% to […]

Data Sheet–Apple’s Stock Price Rising, But for How Long?

I sympathize with the average investor who isn’t aware of the market’s odd ways on days like Wednesday when it comes to Apple. The once-again nearly trillion-dollar company reported late Tuesday what common sense would suggest was, in Wall Street parlance, a turd of an earnings report. iPhone sales dropped 17%, revenue fell 5%, and […]

Apple Week in Review: iPhones Rumors, Tim Cook on Doing ‘What’s Right’

Apple is working on new iPhones for later this year, but don’t expect them to have dramatically different designs. Reports this week said that Apple’s planned iPhones look nearly identical to the iPhone XS and iPhone XS Max from last year. This time around, Apple will focus more on the components inside the devices that […]

Qualcomm’s Shares Jump 23% After Settling Feud With Apple

Shares of chipmaker Qualcomm soared 23% on Tuesday after announcing that it had settled a long-running legal feud with Apple over licensing fees. Qualcomm’s shares gained $13.27 to close at $70.45 in regular trading, marking the stock’s best day since 1999. While lifting Qualcomm’s shares, the settlement didn’t help Apple’s stock, which was largely unchanged […]

Apple and Goldman Sachs Are Developing a Credit Card With Special iPhone Features

Apple is getting into the banking business, according to a new report. The iPhone maker has teamed up with Goldman Sachs and together, the companies will release a joint credit card to consumers later this year, The Wall Street Journal is reporting, citing sources. The credit card will ostensibly be used like any other plastic, […]