Oct 31, 2019

As iPhone sales fall again, Apple eyes 5G as the answer

Photo: Anusak Laowilas/NurPhoto via Getty Images

Apple delivered a generally positive earnings report on Wednesday, with CEO Tim Cook telling Reuters that iPhone 11 was off to a "very, very good start," despite sales falling 9.2% in the quarter, continuing a pattern that has been in place for the past year.

Why it matters: The iPhone is the bulk of Apple's business and critical to driving demand for its other products, but a report from Bloomberg, citing unnamed sources, said Apple expects iPhone sales to return to growth next year, thanks to the introduction of 5G.

  • The company will be entering the 5G arena at least a year behind companies including Samsung and Huawei.
  • "Apple aims to ship more than 200 million handsets in 2020 after introducing more than four new iPhone models, possibly including 4G and 5G models and a low-cost successor to the budget iPhone SE device," Bloomberg reported, based on information from the anonymous source.

The big picture: Apple reported revenue of $64 billion, up 2% from a year earlier, but the report marked the first time since CEO Tim Cook took over in 2011 that the company’s profit has declined in all four quarters of a fiscal year.

Go deeper... Apple: iPhone 11 off to "very, very good start"

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Apple "research" app brings health data to the upscale masses

There are three longitudinal studies on the Apple Research app. Photo: Apple

Apple released on Thursday an app for iPhone and Apple Watch users to participate in three longitudinal health data studies.

The big picture: Apple is just one of several Silicon Valley companies investing in health tech and transforming the future use of health data. Clinical trials via phone could increase participation rates, compared to traditional in-person studies.

Go deeperArrowNov 15, 2019

Regulators investigate Apple Card's algorithms for gender bias

Photo: Apple

State regulators in New York are looking into whether Apple Card is violating any laws by giving some spouses lower credit limits than their mates.

Background: It all began with a series of tweets that went viral by well-known software engineer (and Ruby on Rails creator) David Heinemeier Hansson, complaining that he was given 20 times as much credit as his spouse (even though she had a higher credit rating).

Go deeperArrowNov 12, 2019

Apple will spend $2.5 billion to alleviate California housing crisis

Tim Cook attends the global premiere of the Apple TV series "The Morning Show" in New York last week. Photo: Roy Rochlin/WireImage

Apple CEO Tim Cook, unveiling a $2.5 billion plan to help alleviate California's housing availability and affordability crisis, told Axios in an interview that Apple feels "a profound responsibility" to the region where it was born and thrived.

  • "It’s just unsustainable," Cook said. "This problem is so big that the public sector cannot do it alone."
Go deeperArrowNov 4, 2019