Published: Sun, January 13, 2019
Health Care | By Oscar Goodwin

Falling profits are due to poor Apple sales — Foxconn

Falling profits are due to poor Apple sales — Foxconn

According to one of sources, in January-March, Apple will release 40-43 million for new and old iPhone instead of 47-48 million units as previously forecast.

Shobhit Srivasta, a Counterpoint analyst, noted in his blog that the iPhone sales were impacted due to slower sales in the Asia Pacific region, Europe, and the U.S. This bit doesn't involve China and India, where Apple has also struggled to sell their phones. Apple suppliers, including Britain's Renishaw, were hit by the sell-off. This figure is derived from sources apparently familiar with this request, and applies to the first 3 months of 2019.

On the other hand, analysts believe the high price of the 2018 generation makes potential customers stick with their devices for a longer period of time, eventually affecting sales of new models and delaying the planned upgrades.

Healthcare guaranteed for all New Yorkers, says Bill de Blasio
The legislation would require employers with five or more employees to offer 10 paid days off that could be used for any goal . If implemented, New York City would be the first jurisdiction in the country to mandate paid personal time for employees.

Samsung surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to "ease confusion" among investors already fretting about a global tech slowdown. The latest request was reportedly made before last week's announcement. This would be the second time in two months that Apple reduced its iPhone production.

Shares of Foxconn, the world's biggest electronics contract manufacturer, closed up 1.6 percent, while Pegatron closed up 1.3 percent. Quattro Financial Advisors LLC bought a new position in shares of Apple during the 1st quarter valued at approximately $133,000.

Among iPhone component suppliers in Asia, South Korea's LG Display Co Ltd 034220.KS closed up 0.5 percent, while Japan Display Inc 6740.T was flat. Inc.'s holdings in Apple were worth $38,862,000 at the end of the most recent reporting period.

Comatose woman gave birth to boy, attorney says
The sudden birth of a baby boy to a woman who had spent the last 14 years in a deep coma has sparked a sex abuse investigation. The outlet also reported that the patient has been in a vegetative state for at least a decade after almost drowning.

Apple's newest smartphone, the iPhone XR made a whole lot of buzz a year ago when it launched because of its different design and looks along with the lower than the usual price tag.

Market research firm Canalys estimated shipments of smartphones fell 12 per cent past year in China, the world's largest smartphone market. In an interview with CNBC yesterday, Cook said the XR has been Apple's most popular iPhone every day.

LeBron James, Giannis Antetokounmpo lead NBA All-Star fan voting
The fan vote, which opened December 25, accounts for 50 percent of the vote to determine the 10 All-Star starters. Starter spots for the February 17 game at Spectrum Center will be announced the night of January 24 on TNT.

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