Apple Says It Could Miss $9 Billion In iPhone Sales Due To Weak Demand

An anonymous reader quotes a report from The Verge: Apple CEO Tim Cook published a letter to investors today warning of weaker than expected first-quarter earnings, citing "fewer iPhone upgrades than we had anticipated." The weakened demand came primarily from China, although Cook notes that "in some developed markets, iPhone upgrades also were not as strong as we thought they would be." In his letter, Cook offers several explanations for the lower earnings guidance: earlier launch timing of the...
Tags: Apple, Cook, China, US, Tech, Tim Cook

Apple's Cook Faces Toughest Test Yet Navigating IPhone Slowdown

The news exposes his toughest challenge since taking over as chief executive officer from the legendary Steve Jobs: how to take the company forward when it’s top product has lost luster with consumers. Cook has dealt with a series of controversies during his more than seven years in the role, ranging from the company’s failed Google Maps replacement launch and the need to oust the head of iPhone software in 2012, to concerns over labor and tax practices. Now comes the disclosure in a letter to...
Tags: Apple, Google, Science, Cook, Steve Jobs

Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.
Tags: Apple, Money, China, businessNews, Tim Cook, Apple Inc

Apple won't be the last casualty of China's slowdown

Apple China sales could be hurt by a slowdown in the China economy, and it's not the only company that could suffer.
Tags: Apple, China, Cnn, Apple China

Apple stock loses $55 billion on China slowdown

Apple has a big China problem, and it's making investors very nervous.
Tags: Apple, China, Cnn

Vengo, maker of touch-screen vending machines, just collected $7 million in fresh equity funding

Vengo, a six-year-old, Bethpage, New York-based startup that makes touchscreen vending machines for a wide variety of uses and clients, has raised $7 million in new equity funding, shows a new SEC filing. That roughly doubles the amount of money the company has raised over the years, including from such notable investors as Brad Feld, Gary Vaynerchuk, Tony Hsieh, David Tisch, rap mogul Nas, and Joanna Wilson, among others. Vengo makes wall-mounted mini-vending machines the size of large pi...
Tags: TC, New York, Hardware, Abc, Funding, Tech, Nas, Venture Capital, Brad Feld, SEC, Shark Tank, New York University, Kiehl, Inc, Tony Hsieh, David Tisch

Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China’s up-and-coming startups that are challenging the country’s internet establishment — they are Meituan, the super app firm that speciali...
Tags: Fundings & Exits, Asia, Twitter, Social Networks, Finance, China, India, Funding, Tech, E-commerce, United States, Alibaba, Silicon Valley, Airbnb, Alibaba Group, Lightspeed Venture Partners

For Warren Buffett, sinking Apple shares a wish come true

Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish.
Tags: Apple, Money, businessNews, Warren Buffett, Apple Inc

10 Best Earphones for Music Lovers in 2019

The right earphones can make all of your music sound its absolute best and with the advancements in technology, they can do so much more. But choosing the best headphones for your needs can be a bit challenging with all the options out there, in all different price ranges. So we’ve taken a closer look at what you should look for when searching out the best earphones in 2019 and also provide you with what our top choices are, so you can have a better idea when you go shopping. We look at the best...
Tags: Apple, Music, Design, Miscellaneous, Earphones, Sennheiser, Jabra, Focal Sphear, Focal, Optoma, Apple Wireless AirPods Apple, Triple Driver Headphones, Sport4, Elite 65t True Wireless

Nobody in China wants Apple's eye-wateringly priced iPhones, sighs CEO Tim Cook

Who could have guessed the $1,100 phone and $800 watch wouldn't sell? Peak Apple Apple shares were temporarily pulled from trading on Wednesday as the Cupertino idiot-tax operation warned of lousy sales numbers on the horizon.…
Tags: Apple, China, Software, Tim Cook, Cupertino, Apple Apple

5 Tips to Optimize Twitter Account for Local Business

Is Twitter optimization for local search even worth doing? In the recent years, this social media website has seen its fair share of criticism; in fact, some even predicted that it will be out of business soon. However, the statistics of Twitter’s use by brands suggest pretty much the opposite. According to the platform, its users sent more than 500 million tweets every day, and many of them are created by business accounts. 50 percent of Twitters users – that’s about 328 million people – follow...
Tags: Google, Twitter, Sales, Tips, Bing, Buzzsumo, Facebook Pinterest Reddit, LinkedIn Clearly Twitter

Apple's Dim Outlook Didn't Surprise Investors Who Were Watching

“Warning flags were flying,” William Fleckenstein, a Seattle-based money manager who has shorted Apple for the last three months, said in a telephone interview. “You could see the deterioration in the lack of unit growth over the last couple of years and the market share loss. Apple sank as much as 8.5 percent in after-hours trading Wednesday following Chief Executive Officer Tim Cook’s announcement of a reduced revenue outlook amid slowing iPhone sales, weakness in China’s economy and supply ...
Tags: Apple, Science, China, Tim Cook, Seattle, William Fleckenstein

Global Markets: China gains cushion Asian shares after Apple jolt; flash crash hits currencies

U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushioning losses for Asian markets.
Tags: Apple, Money, China, businessNews, Apple Inc

FCC tosses aside rules, treats Google to a happy ending following request for handy tech

Comms watchdog lets Chocolate Factory power up with special waiver Three and a half years after debuting Project Soli radar-based gesture input system, Google has received an exemption from the Federal Communication Commission that will allow the ad biz to run the system at higher power levels than regulations currently allow.…
Tags: Google, Fcc, Software, Project Soli, Federal Communication Commission

Tesla Increased Model 3 Production by 15% in Fourth Quarter and Will Drop Prices By $2000

Tesla produced and delivered at electric cars at the rate of nearly 1,000 vehicles per day. Production in Q4 grew to 86,555 vehicles, 8% more than their prior all-time high in Q3. This included:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Energy, Elon Musk, Technology, Tesla, World, Innovation, Batteries, Electric Cars, Fourth Quarter

Senate confirms new FCC Commissioners Carr and Starks

The Senate has officially confirmed the incoming FCC commissioners, Brendan Carr and Geoffrey Starks have been officially confirmed by the Senate for their five-year terms. This completes the five-seat commission, which is required to be balanced between the two parties — today’s additions bring it to three Republicans and two Democrats. Carr, nominated and previously confirmed in August of 2017 (though only just now for his full term), was an advisor to FCC Chairman Ajit Pai during his time ...
Tags: Fcc, Government, Senate, Tech, Commission, Justice Department, Pai, Carr, U S Senate, Brendan, Starks, Geoffrey, Ajit Pai, Rielly, Rosenworcel, FCC s Enforcement Bureau

Dow futures tumble after Apple warns about Chinese sales

Apple put a damper on Wall Street's post-New-Year's rally.
Tags: Apple, News, Stories

Where to find Sporting CP vs. Belenenses on US TV and streaming

If you’re trying to find out how you can watch Sporting CP vs. Belenenses, you’ve come to the right place. With a victory, Sporting Clube de Portugal has the opportunity to move into second place in the Liga Nos on Thursday if they can get past Belenenses. Here are all of the details of where you can watch it via legal streaming: Who: Sporting CP vs. BelenensesWhat: Primeira Liga, gameweek 15When: Game kicks off at 1pm ET / 10am PT; Thursday, January 3, 2019Where: Live exclusively on GolTV, Gol...
Tags: Google, Amazon, US, Sport, Soccer, Sporting Cp, Primeira Liga, Roku Amazon Fire TV, Sporting Clube de Portugal, Español, Leagues: Primeira Liga

Dow futures tumble after Apple warns about China sales

US stock futures were sharply lower after the market closed Wednesday, following Apple's announcement that it would miss its sales target for its fall quarter.
Tags: Apple, China, US, Cnn

Tim Cook’s impromptu interview on CNBC (Video)

This is weird, I can’t remember Apple ever issuing the sort of guidance update on the first day of a quarter the way Tim Cook just did. In fact, it may have never happened before. At least not during the iPhone era. Anyway, Cook not only put this letter out to shareholders, he also popped onto CNBC for an out-of-nowhere interview with Josh Lipton to explain the company’s expected earnings and revenue shortfall...
Tags: Apple, Cook, Finance, Tim Cook, Cnbc, Company Specific, CNBC Video, Josh Lipton

Wireless 'Pacemaker For the Brain' Could Offer New Treatment For Neurological Disorders

Engineers at the University of California, Berkeley, have developed a new neurostimulator that can listen to and stimulate electric current in the brain at the same time, potentially delivering fine-tuned treatments for patients with diseases like epilepsy and Parkinson's. Science Daily reports: The device, named the WAND, works like a "pacemaker for the brain," monitoring the brain's electrical activity and delivering electrical stimulation if it detects something amiss. These devices can be ex...
Tags: Tech, University Of California Berkeley

Wall Street ekes out gain, Apple cuts revenue forecast after the bell

Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast.
Tags: Apple, Money, businessNews

Apple Cuts Sales Outlook, Citing Slowdowns in China and iPhone Sales

Apple Inc., for the first time in almost two decades, lowered its revenue outlook, citing fewer than expected upgrades to new iPhones, weakness in China’s economy and supply constraints to newer models of the Apple Watch, iPad Pro and AirPods. Chief Executive Officer Tim Cook said Wednesday the company expects sales of about $84 billion in the quarter ended Dec. 29, down from earlier estimates of $89 billion to $93 billion. Apple reported sales of $88.3 billion in the fiscal first quarter a ye...
Tags: Apple, Science, Cook, China, Tim Cook, Apple Inc

4 San Diego Startups Ring in New Year With New Venture Dollars

Heads of some local tech startups—or at least their lawyers—stayed busy over the winter holiday. Four reported raising $10 million or more within days of the New Year, according to recent filings with securities regulators.While the softening stock market may have ruined a few holiday breaks, these San Diego software companies were undoubtedly raising a glass in celebration of their successful fundraising efforts.—LeadCrunch raised about $17.5 million in two financing rounds, according to a pai...
Tags: Deals, Startups, Trends, Tech, Software, SaaS, San Diego, Financing, Target, Cbre, B2b, Enterprise Software, Matt Ellis, National blog main, San Diego blog main, San Diego top stories

Dual UPnP-Chromecast Exploit Allows Hacker to Hijack Devices, Force Any YouTube Video to Play

Hackers have discovered a bug that allows attackers to seize control of Google’s Chromecast media streaming player, making it possible to force the device into “playing any YouTube video they want—including videos that are custom-made,” TechCrunch reported on Wednesday.Read more...
Tags: Google, Network Security, Security, Science, Technology, Youtube, Cybersecurity, Chromecast, Hacking, Hackers, Routers, Networks, Exploits, Upnp

Will Apple's lowered guidance lead to savings on a new iPhone? Analysts don't think so

Might Apple revised guidance favor consumers who have put off buying new Apple products because of their prices? Analysts don't think so.            [Author: USA TODAY]
Tags: Apple, Usa, News, Usa Today

Apple blames China for sales forecast cut

Apple boss Tim Cook says the firm "did not foresee the magnitude of economic deceleration" in China.
Tags: Apple, News, China, Tim Cook

Apple drops iPhone bombshell on already reeling stock market

Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster.
Tags: Apple

'Cockroaches of the footpaths' - ratepayers vent as Lime awaits fate

As it awaits the fate of its Auckland trial, Lime faces wall-to-wall fury in reader comments, and many sections of social media.The San Francisco-based e-scooter company, bankrolled by Uber and Google, is on a three-month trial... [Author: [email protected]]
Tags: Google, Business, San Francisco, Auckland

Ajit Pai Thanks Congress For Helping Him Kill Net Neutrality Rules

FCC Chairman Ajit Pai today thanked Congress for preventing the U.S. government from enforcing net neutrality rules. "The Pai-led Federal Communications Commission repealed Obama-era net neutrality rules, but the repeal could have been reversed by Congress if it acted before the end of its session," reports Ars Technica. "Democrats won a vote to reverse the repeal in the Senate but weren't able to get enough votes in the House of Representatives before time ran out." From the report: "I'm please...
Tags: Fcc, Obama, Congress, Senate, Tech, Sprint, House Of Representatives, Skype, Pai, U S House of Representatives, Ajit Pai, Pai led Federal Communications Commission, Ars Technica Democrats

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