viralamo

Menu
  • Technology
  • Science
  • Money
  • Culturs
  • Trending
  • Video

Subscribe To Our Website To Receive The Last Stories

Join Us Now For Free
Home
Technology
Apple Shares On Longest Falling Streak Since 1998
Technology

Apple Shares On Longest Falling Streak Since 1998

04/05/2016

Asked if# Apple‘s greatest days are back it in a television interview, chief executive Tim Cook says: “I couldn’t disagree more.”
The last time Apple shares fell for eight following sessions, the brightly decorated iMac was the firm’s hottest product.
However in recent days, more than $73bn (£49.4bn) has been cleaned off the iPhone-maker’s market value, with shares declining for the eighth straight session on Monday.
It follows Apple’s statement last week that iPhone sales fell for the first time during revenue were down for the first time since 2003.
Shares in Apple currently succeed at $93.64 (£63.41) each – down from a high of $132.40 (£89.68) in May last year.
But when requested if Apple’s best days are behind it in a television interview, chief executive Tim Cook replied: “I couldn’t disagree more.”
He said such claims were a “massive overreaction” and maintained that “the greatest thing is that consumers love our products.”
Mr. Cook admitted that the global smartphone market is not growing, but says he is “very hopeful” that current issues will pass and Apple “shall increase again.”
Two-thirds of Apple’s income comes from the sale of iPhones, and the popularity of 2014’s iPhone 6 and 6 Plus indicates sales in 2015 and 2016 have paled in comparison.
Mr. Cook replied: “The iPhone 6 is an exception, and so it creates a very difficult comparison for us.”
He also rejected that the Apple Watch had been a defeat, saying: “We’re still in reading mode … you’ll see the Apple Watch get greater and better.
“Our first goal is to discover a new category. We required rolling out slowly.
“The future of Apple is very clear; our future product pipeline has some amazing products.”
 

Share
Tweet
Pinterest
Linkedin
Stumble
Google+
Email
Prev Article
Next Article

Related Articles

Hands-on: Adobe Photoshop Camera uses AI to redefine mobile photo editing
It’s nine in the morning on a rainy December 23, …

Hands-on: Adobe Photoshop Camera uses AI to redefine mobile photo editing

Trickbot is using MikroTik routers to ply its trade. Now we know why
Getty Images For years, malicious hackers have been hacking large …

Trickbot is using MikroTik routers to ply its trade. Now we know why

Leave a Reply Cancel reply

Find us on Facebook

Related Posts

  • Beat Saber is now an Oculus studio after Facebook acquisition
    Catalyst Fund gets $15M from JP Morgan, …
    20/01/2020
  • 5G built wrong? iPhone 12 battery tests raise questions for mini, Max
    5G built wrong? iPhone 12 battery tests …
    21/10/2020
  • YouTube and Netflix reduce streaming quality in Europe, but Disney+ launch looms
    YouTube and Netflix reduce streaming quality in …
    20/03/2020
  • TechCrunch’s Favorite Things of 2019
    Unicorn fever as One Medical’s IPO pops …
    02/02/2020
  • 2020 will be a big year for online childcare — here are 7 startups to watch
    SpaceX said to be seeking around $250 …
    22/02/2020

Popular Posts

  • 10 Hoaxes Carved in Stone – Listverse
    23/06/2022 0
  • Zoom defenders cite legit reasons to not end-to-end encrypt free calls
    Critical Zoom vulnerabilities fixed last week required …
    26/05/2022 0
  • 10 Historical Anecdotes That Prove People Never …
    26/05/2022 0
  • 10 Missing Persons Cases Solved by YouTube …
    26/05/2022 0
  • Broadcom will pay $61 billion to become the latest company to acquire VMware
    Broadcom will pay $61 billion to become …
    26/05/2022 0

viralamo

Pages

  • Contact Us
  • Privacy Policy
Copyright © 2022 viralamo
Theme by MyThemeShop.com

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh