Apple also warned that the ban would hurt Chinese manufacturers like Foxconn and suppliers
Apple announced Thursday it will build a USD 1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant's existing facility in Austin and initially accommodate 5,000 additional employees, with room to grow to 15,000. As it stands, 6,200 people now work for Apple in the Texan capital -- the largest cluster outside its headquarters in Cupertino, California. Employees at the new campus will work in fields including engineering, R&D, operations, finance, sales and customer support, Apple said in a statement. "Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin," Apple CEO Tim Cook said. "Talent, creativity and tomorrow's breakthrough ideas aren't limited by region or zip code, and, with this new expansion, we're redoubling our commitment to cultivating the high-tech sector and workforce ..
Apple will see the growth rate of its Services division decelerate come fiscal 2019, says analyst.
In the past two months Apple shares have lost more than quarter of their value
Apple, which has increased efforts in the global health care space, declined to comment on the development
The beauty of markets is that they reflect the future opportunities of firms in an accurate way, after consolidating the opinion of millions of investors
For a limited time, Apple is offering upto an additional $100 if you trade in your old iPhone for the newer models
A ruling against Apple could add to pressure the company already faces to cut the 30 percent commission it charges on app sales.
iPhone users accuse Apple of violating federal antitrust law by monopolizing the sale of paid apps, leading to inflated prices compared to if apps were available from other sources.
The customers argue that its sizeable commission is evidence of the company exploiting its monopoly position over iPhone users
Forecasts have been particularly problematic for iPhone XR with Apple cutting its production plan by up to a third
Wall Street analysts have expressed concerns that slower overall smartphone sales will make it harder for Apple to hold smartphone market
There's no back-up for many of the companies that supply components for the iPhone
Apple-authorised resellers in India include the likes of Reliance Digital, Chroma and Sangeetha, which are largely offline sellers and see themselves as rivals of Amazon
Apple sued Qualcomm in federal court in San Diego, alleging that the chip company's practice of taking a cut of the selling price of phones as a patent license fee was illegal
At third place, Apple had 25 per cent market share in the third quarter (ending September 30) as it launched flagship iPhones XS and XS Max in India
Apple shares fell nearly 4% on Monday after the report from the Nikkei financial daily
Apple has been praised for being one of the lone major technology companies to break out how many of each of its major products it sells each quarter
'Our business in India in Q4 was flat. Obviously, we would have liked to see huge growth,' Cook said
One problem Apple investors will now face is not knowing what the margin mix is within the services business