Apple CEO acknowledges growth rate has ‘slowed and our margins have decreased from the exceptionally high level we experienced in ’12′
Apple shares are moving wildly up/down a couple of dollars in after-market trade ahead of the numbers. $AAPL
Nest enlists U.S. utilities to power drive into homes
SAN FRANCISCO, April 22 (Reuters) – Tony Fadell, the
designer known as the godfather of Apple Inc’s iPod, is
enlisting several of the country’s largest power utilities to
get his power-saving creation, the “Nest” thermostat, into more
U.S. households.
Nest Labs, the company he co-founded in 2010 with designers
and engineers from Silicon Valley firms like Apple and Google
Inc, is teaming up with six utilities to provide
incentives for using its thermostats. They include $100 rebates,
rewards for adopting energy-saving programs, even a free device
in some cases.
Apple supplier notes from our Asia team — Apple’s dimming luster roils suppliers, investors http://t.co/G4cOLMxh6w
Who’s behind the Tim-Cook-must-go whisper campaign? http://t.co/pFPQBEO9eW Smart analysis via @FortuneMagazine
Media, old and new, takes heat for Boston coverage http://t.co/mHDYLnc7S5 via @gerryshih
Search for Boston bombers likely relied on eyes, not software http://t.co/mvs5ytYIs2 by @sarahmcbride
Supplier woes stir Apple demand fears, Asian parts makers dive
SAN FRANCISCO, April 18 (Reuters) – Apple Inc’s
shares fell below $400 on Wednesday for the first time since
December 2011 after a U.S. chip supplier’s disappointing revenue
forecast fanned fears about weakening demand for the iPhone and
iPad as competition intensifies.
The surprise warning by Cirrus Logic Inc knocked
down shares of key component suppliers like South Korea’s LG
Display Co Ltd and Japan’s Toshiba Corp on
Thursday in Asia, a region that supplies the lion’s share of
chips, cases and displays for the Cupertino, California-based
company.
Supplier woes stir Apple demand fears, stock drops below $400
SAN FRANCISCO (Reuters) – Apple Inc’s (AAPL.O: Quote, Profile, Research) shares fell below $400 on Wednesday for the first time since December 2011 after a chip supplier’s disappointing revenue forecast fanned fears about weakening demand for the iPhone and iPad as competition intensifies.
The stock dropped below $400 briefly before bouncing back to end 5.5 percent lower at $402.80, losing more than $22 billion of market value in a single day.
Apple shares slide after key supplier’s weak outlook
SAN FRANCISCO (Reuters) – Apple Inc’s shares fell on Wednesday below $400 for the first time since December 2011, after key supplier Cirrus Logic’s disappointing revenue forecast fanned fears that weakening demand for the iPhone and iPad are pressuring margins more than anticipated.
Apple, which fell through $400 briefly before bouncing back to stand 5.5 percent lower at about $403, has lost more than 40 percent of its market value since a September 2012 peak, battered by worries about intensifying competition and its effect on the company’s industry-leading margins.
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