It is tough to see the exact catalyst for the collapse in AAPL's share price in recent days (though it is clear that no China Mobile news is not good news) - but then aside from Carl Icahn's tweets it was hard to see what the exuberance in August was. Now a month later, AAPL has retraced all Icahn's gains and then some and is trading at 5 week lows. Today's weakness - in the face of a surging broad market - is being pinned on talk of Chinese telecoms firms cutting subsidies - not exactly strategically in line with AAPL's growth goals.
Apple Inc. (AAPL) is set to release its products this year, including the iWatch, to its family. Yesterday, Pacific Crest reiterated an Outperform rating on the company, claiming that the upside potential for Apple was limited if the company did not come up with a “massive new profit opportunity.” Today, Bloomberg reported that Chinese carriers have been asked to cut down on marketing costs for high-end phones, such as Apple's iPhone.
Apple (AAPL) on Monday, reported record revenues for the first quarter (1Q) of fiscal 2014 (FY14) as it sold more iPhones and iPads than ever. The company reported EPS of $14.5 on revenues of $57.6 billion, beating analysts’ EPS estimates of $14.09 and revenue estimates of $57.47 billion.
Apple Inc. (AAPL) is set to announce earnings for its first quarter (4Q) of fiscal year 2014 (FY14) earnings on Monday after market close. Apple’s fiscal year ended December 2013. Expectations from this quarter are high from the period that is considered to be the most important as it encompasses the holiday season; the company expects EPS $14.07, an increase of 1.9% year-over-year (YoY). Revenues are projected to be $57.48 billion, reflecting a YoY increase of 5.4%.
By Doug Young:Anyone who was hoping to get a big discount on an iPhone from China Mobile (HKEx: 941; NYSE: CHL) will be majorly disappointed to learn the popular smartphones will be quite pricey under the new partnership between China's leading wireless telco and Apple (Nasdaq: AAPL).
By John Mylant: There are challenges to Apple moving into China, but this country is Apple's next great revenue source. I believe its two greatest challenges are Android's market share and the relationship with China Mobile (CHL) Apple is still courting. Despite these, Apple needs China to grow. Can it gain a foothold?
When wondering why AAPL disappoints once more on its next earnings release, please pull a Bill Gross and look in the mirror, dear broke consumer, because it is your fault. At least that is the spin by the CEO of France Telecom, who says that iPhone sales are now being threatened by, drumroll please, "frugal buyers." That's right: in France "frugal" is now a dirty word.
By Qineqt:China Mobile (CHL), the world's biggest telecommunication company in terms of number of subscribers, doesn't currently have a license to sell Apple's (AAPL) new iPhone 5, whereas its rivals China Unicom (CHU) and China Telecom Corp.
Telecommunications companies in South Korea are looking at various options to improve their deteriorating profits by developing products that bundle fixed-line, mobile and Internet services. As part of this endeavour, SK Telecom (SKM), South Korean wireless kingpin, is currently in talks with Apple Inc.