By Vibhuti Sharma (Reuters) - Apple Inc <AAPL.O> shares fell to their lowest in more than three months on Monday as the main supplier for its Face ID technology, Lumentum Holdings Inc <LITE.O>, slashed revenue and profit forecasts, citing reduced orders from a major customer. Stoking fears among investors that demand for iPhones is waning, Lumentum said in its statement the customer was "one of our largest... for laser diodes for 3D sensing", which analysts said could only be Apple. Shares in the iPhone maker dropped 4 percent, wiping $40 billion off its market value. Those in Lumentum, which gave its original forecast just two weeks ago, fell 27 percent, dragging down shares of other Apple suppliers. That also followed a separate warning from another Apple supplier, screen maker Japan Display Inc <6740.T>, on Monday. "Many suppliers have lowered numbers because of their unnamed 'largest customer,' which is Apple. Apple got cautious in their guidance and it's hitting … [Read more...] about Apple shares drop after iPhone supplier Lumentum cuts forecast
News / UK and world by Press Association November 10, 2018, 8:03 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter The iPhone XR has been positioned as the “iPhone of the people” – the device that offers all the key trimmings of today’s best phones but at a more affordable price. But the XR is an interesting mix of contradictions. £749 as a starting price is not everyone’s idea of affordable, despite the wide range of top-tier features that the XR carries, yet the XR is capable of matching the top-of-the-line XS in many areas when it comes to performance. So, using this device is an interesting see-saw of emotions that tips from happiness at Apple’s willingness to make their cutting edge technology so accessible, and mild confusion as to how minor design tweaks can make such a promising phone feel so distant from its flagship sibling. What then to make of the iPhone XR? Design The XR has many of the … [Read more...] about Should you buy… the iPhone XR?
(Reuters) - Apple Inc <AAPL.O> said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge. Apple said displays on iPhone X, which came out in 2017, may experience touch issues due to a component failure, adding it would replace those parts for free. For the 13-inch MacBook Pro computers, it said an issue may result in data loss and failure of the storage drive. Apple said it would service those affected drives. Only a limited number of 128GB and 256GB solid-state drives in 13-inch MacBook Pro units sold between June 2017 and June 2018 were affected, Apple said https://apple.co/2AXkeEw on its website. (Reporting by Ismail Shakil in Bengaluru; Editing by Sandra Maler) … [Read more...] about Apple says it found issues with some iPhone X and MacBook devices
By Jeffrey Dastin (Reuters) - Amazon.com Inc <AMZN.O> on Friday said it would carry more Apple Inc <AAPL.O> products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales. In coming weeks, the world's biggest online retailer will sell the latest editions of Apple's iPhone, iPad and other devices in the United States, Europe, Japan and India. Amazon sold a limited assortment from Apple previously that included Mac computers and Beats headphones. The deal underscores how top brands such as Apple and Nike Inc <NKE.N>, which long resisted distributing products via Amazon, are increasingly turning to the e-commerce site because it has become a critical channel for reaching customers. Amazon has taken a harder line on counterfeit goods as well. As of Jan. 4, Amazon will rid its site of Apple products from third-party merchants not authorized by the Cupertino, California-based technology company. Still, shoppers … [Read more...] about Amazon strikes deal with Apple to sell iPhones, iPads
News / UK and world by Press Association November 9, 2018, 6:27 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Apple is to start selling a number of its products directly on Amazon as part of a deal between the two tech giants. The iPhone maker’s devices and accessories have been available on the online retailer for some time but only through third party sellers and at variable prices. Products including iPhones, iPads and Apple Watches will be for sale on Amazon’s sites in the UK, US, France, Germany, Italy, Spain, Japan, and India within a matter of weeks. It’s thought that there will be some exemptions, notably the HomePod smart speaker, which is a direct competitor to Amazon’s own Echo smart speaker. Google’s rival Home device is already unavailable for purchase on the site. “We make assortment decisions all the time, based on terms and a large number of other factors,” an Amazon spokeswoman … [Read more...] about Apple to start selling iPhone and iPad devices directly on Amazon