Despite Apple’s $50 billion quarter with $10 billion in profit, the January to March period marked Apple’s first quarter in 13 years without growth including year-over-year iPhone sales declines for the first time. Apple set the expectations back in January, but its stock still took a beating after this week’s earnings report. Now activist investor Carl Icahn, who has been very noisy about what he thinks Apple should do in the past, tells CNBC he has sold his massive share of Apple stock. Icahn once owned nearly 1% of Apple’s shares, and publicizing that he’s out of the stock will likely influence other investors to follow.
AAPL Company April 28
A report back in February that Apple would be allowed to open retail stores in India has been corroborated by India’s Economic Times. India normally doesn’t allow single-brand retail stores unless at least 30% of their products are made within the country, but Apple is reportedly set to be granted an exemption on the grounds that its products are ‘cutting-edge technology.’
A government panel has recommended exempting Apple from mandatory local sourcing norms, a move which would pave the way for Apple to open single-brand retail stores in the country. “The committee has found that the company’s products are cutting edge technology and state-of-the-art. It has recommended to exempt them from the local sourcing norms,” sources said.
The exemption is a pretty big deal for Apple …
Apple isn’t the only smartphone manufacturer seeing falling sales. New figures from Strategy Analytics show what the global smartphone market saw its first-ever year-on-year drop on sales, down 3%.
Linda Sui, Director at Strategy Analytics, said, “Global smartphone shipments fell 3 percent annually from 345.0 million units in Q1 2015 to 334.6 million in Q1 2016. It is the first time ever since the modern smartphone market began in 1996 that global shipments have shrunk on an annualized basis. Smartphone growth is slowing due to increasing penetration maturity in major markets like China and consumer caution about the future of the world economy.”
Apple’s fall was of course far more dramatic, iPhone sales down 18% year-on-year, with CEO Tim Cook blaming economic ‘headwinds’ – and Strategy Analytics’ numbers show that strong competition from Chinese brands forms a large part of those …
Following on from HealthKit and ResearchKit, Apple has today launched its third medical framework, CareKit. First announced last month, CareKit allows users to collect medical data that can be shared with physicians and other carers to provide an accurate log of symptoms and signs to assist with diagnosis and treatment.
The more you know about your health, the better you can look after it. With the right tools, you can play an active role in managing your own health. That’s why we created CareKit — an open source software framework enabling developers to build apps that help you manage your medical conditions. Rather than relying solely on doctor visits, you’ll be able to regularly track your symptoms and medications, and even share the information with your care team for a bigger — and better — picture of your health.
Four CareKit apps are available as of today …
AAPL Company April 27
Apple’s Campus 2 is expected to be completed by early next year and now we have some new video from within the spaceship ring itself. Courtesy of YouTuber MrWhitestew, a pair of new videos have emerged that take us for first-person walkthrough of Apple’s Campus 2 construction, offering one of the first looks from within the spaceship ring itself.