Tag: U.S.

More iPhone order cuts and Trump tariffs threaten Apple’s holiday season

Normally, Apple’s prediction of a record holiday quarter — with revenues between $89 to $93 billion — would be more than enough to thrill investors, as the company historically hits or exceeds the high end of its sunny estimates. But new reports of further iPhone order cuts and additional U.S. tariffs […]

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Apple’s Q3 2018 earnings call: iPhone X and subscriptions drove growth

After releasing record third-quarter financial results today, Apple CEO Tim Cook and CFO Luca Maestri hosted their quarterly live question-and-answer session for financial analysts. We are covering the session live, with updates below in chronological order as the call proceeds. Today’s Q&A comes as Apple’s executives once again celebrate double-digit percentage revenue growth across every territory save for Japan, […]

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China blames Apple for gambling and porn texts as trade war escalates

Growing economic tensions between the United States and China have begun to affect Apple, the Wall Street Journal reports today, as Chinese government agencies and state-controlled media have initiated a new campaign to block “prohibited content” from Apple devices. If Apple refuses to cooperate, authorities could shut down services that are violating Chinese laws, the […]

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Trump and Putin Meet for 1-on-1 Discussion on Trade, Military, Missiles, Nuclear, and China

President Donald Trump and Russian President Vladimir Putin briefly spoke to cameras before beginning a one-on-one meeting Monday that Trump said would include discussion of nuclear arms, China, and hopes of building an “extraordinary relationship.” Trump and Putin met at the Presidential Palace in Helsinki, Finland, to give opening statements before beginning their closed-door private […]

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What to Expect from President Trump’s Meeting in Finland with Vladimir Putin

On Monday, U.S. President Donald Trump will hold a globally anticipated one-on-one meeting with Russian President Vladimir Putin. Here’s a preview of what to expect. Trump gave a topical preview during Friday’s joint press conference with U.K. Prime Minister Theresa May of what he and the Russian president will discuss during their highly anticipated sit-down […]

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Congressional committee quizzes Apple and Alphabet on data privacy practices

(Reuters) — Four senior U.S. House Republicans sent letters on Monday to the chief executives of Apple and Google parent Alphabet asking questions about location data and mobile phone privacy practices and the handling of customer data. The chairman of the Energy and Commerce Committee, Greg Walden, along with three other senior Republicans on the panel, […]

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Apple and Samsung settle 7-year U.S. patent dispute

(Reuters) — Apple Inc. and Samsung Electronics Co. Ltd. on Wednesday settled a years long patent dispute, according to a filing the U.S. District Court for the Northern District of California. The terms of the settlement were not disclosed in the court filing. An Apple spokesman declined to comment on the terms of the settlement. […]

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As Foxconn breaks ground on Wisconsin plant, incentives hit $4 billion

Though the White House is expected to hail Apple’s manufacturing partner Foxconn for breaking ground on a new Wisconsin factory tomorrow, state and local officials paid dearly to “win” the deal — around $4 billion, up nearly $1 billion over initial estimates, the Wall Street Journal reports today. That works out to a government subsidy of $307,692 […]

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Apple fears U.S.-China trade war may lead to retaliation and shipping delays

As tensions continue to escalate between the United States and China over a U.S. plan to tax $50 billion in Chinese products, Apple is concerned that China’s government will create regulatory and shipping hurdles for its products, The New York Times reports today. The concern stood out in a generally flattering profile of Apple CEO […]

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