Apple on Tuesday announced the results for its second fiscal quarter of 2019. The company reported revenues of $58 billion for the quarter, which was down 5 percent from a year ago. Apple also highlighted Services revenues of $11.5 billion, and announced a $75 billion stock repurchase program. “Our March quarter results show the continued […]
Tag: CEO
It looks like Intel will continue providing 4G modems for Apple’s iPhones for the foreseeable future. Intel, which recently announced that it would be exiting the 5G modem chipset business, said that it still plans to supply 4G modems through this year – likely including the 2019 iPhones. During Intel’s Q1 2019 earnings call, CEO […]
Well, this is sort of awkward. Per its Twitter account, department store giant JCPenney has officially dropped Apple Pay support from its retail stores as well as its app. The company offered the following statement in response to a customer’s inquiry as to the change: JCPenney made the decision to remove Apple Pay for our […]
Intel this afternoon announced that the company would be exiting the 5G smartphone modem business, instead choosing to focus on opportunities for 4G and 5G modems in PCs, internet of things devices, and other data-centric devices. The announcement arrived only hours after Apple and Qualcomm reached a settlement and agreed to drop all current litigation […]
When in doubt, drop the price a bit. This tactic seems to be working, according to online retailers Suning and Tmal, who’ve noted improved iPhone sales numbers in the Chinese marketplace following Apple’s price reductions on the handsets. Suning saw sales of Apple products rise 83 percent between Jan. 11 — when it instituted iPhone […]