Is Now the Time to Buy Apple Inc. After Its Recent Dip?

Author

01 February, 2018

The reply came as comment regarding a Bloomberg report that the US Department of Justice and the Securities and Exchange Commission are investigating whether Apple broke the law by failing to disclose a software update that made older iPhone models function slower.

In the fourth-quarter of 2017, Apple reported iPhone revenues of $28.846 billion, which marked merely 2.4% year-over-year growth. Apple said its update was meant to circumvent the reboots. The reasoning by Apple could not convince the annoyed users, who said that by slowing the iPhone, Apple was compelling users to upgrade to newer iPhones.

Apple said that low sales of the flagship model during the festive period at the end of previous year on the main markets (Europe, China, and the US) became the main reason that made the company revise the strategy. The company's revenue was up 12.2% compared to the same quarter last year. research analysts predict that Apple Inc. will post 11.17 earnings per share for the current year.

So essentially, the slowing down of batteries isn't to push customers into thinking that they need new handsets, but rather to smooth out issues concerning older batteries.

Trump administration mulls nationalizing 5G network, citing Chinese threat
The US government could build its own super-fast 5G network in a bid to counter security threats from China and other countries. For example, the company built two data centers in Zimbabwe after the country got a $98m loan from China Export-Import Bank.

"We have received questions from some government agencies and we are responding to them", Apple spokeswoman Trudy Muller said in a statement. These are the actions taken to assist our clients further and help prolong the lifespan of the iPhones. These features will be included in a developer release next month and a user release this Spring. "Our goal has always been to create products that our customers love". We're not sure how many users have been inconvenienced by the lack of Face ID approval so far, but either way it does seem unusual that Apple did not include it in the first place.

An interim update, 11.3, will provide a way for users to check the health of their device's battery and choose whether or not to enable the throttling. If you are accessing this report on another website, it was copied illegally and reposted in violation of USA & worldwide trademark & copyright legislation.

Apple said batteries for other eligible iPhones were anticipated to be available "without extended delays" in most countries.

Our latest consensus estimates show that analysts expect Apple to report total iPhone unit sales of 79.791 million, which would represent a 1.9% gain from the 78.290 million witnessed in the year-ago quarter.


More news


  • McCabe Stepped Down Amid Pressure From Wray

    McCabe Stepped Down Amid Pressure From Wray

    White House press secretary Sarah Sanders said that the Trump administration was not involved in McCabe's departure. Terry McAuliffe in a 2015 state Senate bid, drawing multiple Twitter attacks from the Republican president.

    Kesha Sings 'Praying,' Bursts Into Tears After Emotional GRAMMYs Performance

    Rainbow was released before #MeToo, but has dovetailed with the beginnings of a reckoning for sexism, misogyny and abuse of power. This song is her comeback anthem, and we were hoping that it was going to win at one point during the awards show.
    Michigan State University Athletic Director Resigns Amid Nassar Scandal

    Michigan State University Athletic Director Resigns Amid Nassar Scandal

    Attorneys handling civil cases against Michigan State and USA Gymnastics, among others, are also looking into those details. Also Friday, USA Gymnastics confirmed that its entire board of directors would resign as requested by the U.S.
  • Islamic scholar Tariq Ramadan, accused of rape, arrested in Paris

    Islamic scholar Tariq Ramadan, accused of rape, arrested in Paris

    Lawyers for the married father-of-four have accused Ayari of slander and suggested the women colluded to try disgrace him. The Swiss-born academic, 55, answered a summons to report to Paris police who are conducting a preliminary investigation.
    Michigan Attorney General Bill Schuette vows thorough investigation into MSU

    Michigan Attorney General Bill Schuette vows thorough investigation into MSU

    Michigan State University will be investigated by a special prosecutor in the wake of Larry Nassar's sentencing , CNN reports . As noted by CNN , a recent ESPN investigation alleges that MSU officials have a pattern of burying reports of sexual assault.
    10 takeaways from the 2018 Hall of Fame voting

    10 takeaways from the 2018 Hall of Fame voting

    They still have a chance to make a surge next year, because the ballot will not be almost so crowded with strong candidates. In the age of baseball analytics, there's still room in the Hall of Fame for big, round numbers you can count on.
  • SpaceX Confirms Date for First Falcon Heavy Launch

    SpaceX Confirms Date for First Falcon Heavy Launch

    In a December tweet , Musk quipped that the Falcon Heavy launch is "guaranteed to be exciting, one way or another". So is United Launch Alliance, a venture between Lockheed Martin and Boeing, with its next-generation Vulcan.
    Syphilis-ravaged mummy is Boris Johnson's ancestor

    Syphilis-ravaged mummy is Boris Johnson's ancestor

    Five generations of von Pfeffels later, a Marie Luise von Pfeffel married Stanley Fred Williams and had a daughter named Yvonne. The mercury inside her body is thought have preserved it - allowing experts to determine her connection to one Boris Johnson .
    Shares of leading state-run banks fall after recapitalisation plan

    Shares of leading state-run banks fall after recapitalisation plan

    Bank will now have to be more careful about consortium borrower and all loans above Rs 250 crore will need special monitoring. Recapitalisation of banks under the PCA framework will allow them to reduce the NPAs as well as improve capital ratios.
  • SpaceX Completes Falcon Heavy Initial Static Fire Test

    SpaceX Completes Falcon Heavy Initial Static Fire Test

    According to SpaceX , this is over twice the capacity of United Launch Alliance's proven Delta IV Heavy at one-third of the cost. The Falcon Heavy in early February is based on public statements by Elon Musk and Gwynne Shotwell, SpaceX's President and COO.
    Reports Two People Stabbed In Maroubra

    Reports Two People Stabbed In Maroubra

    Police on Thursday said they were searching for Newman who was known to frequent the Sydney CBD, Redfern and the Nepean area. Pedro Casemiro was walking to the gym across the road from the hotel when he heard police cars rush past with their sirens.
    The Super Blue Blood Moon

    The Super Blue Blood Moon

    Science enthusiasts now have a once-in-a-lifetime opportunity to witness a super blue blood moon in Kozhikode in Kerala. This makes it appear larger and brighter than usual, and this is obviously most impressive when it is 100% full.