Apple once again pointed to growing revenue from services as it posted a second straight quarter of falling iPhone sales. But shares rose in after-hours trading Tuesday as the company beat expectations in some key areas.
When Apple reports earnings this week, it will once again find itself trying to demonstrate that it has a continued path for big growth. Many eyes will be on iPhone sales (with scrutiny on efforts in China), profit margins and any insights regarding Apple Watch. The market will question whether the iPhone 7 can help Apple break out of an innovation rut. But Apple may have already dropped the biggest hints regarding how it views its near-term innovation potential.
Only 9.3 percent of current iPhone owners are either "extremely likely" or "somewhat likely" to upgrade to a new iPhone this year if Apple doesn't redesign its smartphone, according to a new poll.
Wireless industry insiders in the U.S. love to argue about carrier factors such as promotional campaigns, ARPU and price per gigabyte (as evidenced by the recent dust-up regarding Verizon's recent price hikes). But a new research note from MoffettNathanson argues investors shouldn't pay too much attention to those variables when it comes to picking carrier stocks.
Increased competition among U.S. carriers and an underrated supply chain for the iPhone might help Apple beat lowered expecations over the next several months, according to a new research note from Wells Fargo Securities.
The upcoming version of the iPhone hasn't been unveiled yet, but Apple is already being criticized for being too conservative in its strategy for its next model. A recent Wall Street Journal report indicated the iPhone 7 – or whatever it will be branded – will offer only modest modifications as Apple keeps its powder dry and develops a more dramatically updated phone to launch in 2017.
T-Mobile's MetroPCS will finally start selling Apple's iPhone tomorrow – in Florida, at least.
South Korean authorities are investigating Apple, according to a Reuters report this morning. And while Korean authorities aren't discussing details, the probe may have something to do with Apple's contracts with mobile network operators.
Sharp will begin shipping OLED panels next year in a move that may give Apple a third potential supplier of displays for the iPhone.
Apple will make only minor modifications to the iPhone models expected to be released this fall, waiting until next year to release a version with more substantial design changes, according to a Wall Street Journal report.