It’s unlikely Apple (AAPL) will have an electric car in showrooms for consumers to buy in 2019, even if the tech firm is stepping on the accelerator to enter the auto market, says a UBS analyst. The Wall Street Journal on Monday said that’s the year Apple is targeting for its first e-car, citing people familiar with the matter. When an Apple car is ready to hit the road could be key for Tesla (TSLA). Apple’s stock rose more than 1% Monday despite
The information technology sector spent $36 billion on share repurchases in the second quarter, more than all other industry, with Apple (AAPL) leading the way. Apple spent $10 billion in share repurchases in Q2, with tech firms taking four of the top 10 spots among companies in the S&P 500, according to FactSet. Following Apple in the tech sector was Qualcomm (QCOM) at $4.4 billion, Microsoft (MSFT) at $4.2 billion and Oracle (ORCL) at $2
Call it Apple’s albatross. India could mount a formidable future offense, yet as of 2015, China still outstrips the globe when it comes to inexpensively packaging microchips. But, Wall Street warns, the saturated iPhone market, recently devaluated yuan and unsteady China stock market don’t bode well for chip companies that build for Apple (AAPL), not to mention other chipmakers with heavy Chinese revenue exposure. The danger isn’t for companies