US stock index futures fell sharply on Thursday after Apple Inc stunned investors with its first sales warning in more than a decade, deepening fears about a slowdown in China’s economy and its impact on corporate profits.
Switzerland’s competition commission (WEKO) on Tuesday said Apple Inc. has agreed to make a technical fix to prevent the automatic launch of its Apple Pay from disrupting rival Swiss payment app TWINT.
Apple Inc., facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc. patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Apple signaled disappointing demand for the new iPhone XR, telling its top smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the relatively cost-effective model that hit shelves in late October, sources said.
Italy’s anti-trust watchdog said on Wednesday it was fining Apple Inc. and Samsung Electronics Co. Ltd. €5 million ($5.7 million) each following complaints they used software updates to slow down their mobile phones.
US President Donald Trump has called on Apple Inc. to shift production to the US and out of China, reviving a longstanding criticism and pressuring the technology firm to help fulfill the administration’s economic goal of restoring American manufacturing.
Apple Inc. became the first $1 trillion US publicly listed US company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.