Andres Cardenal, author at Seeking Alpha, discusses Apple as his "Idea of the Month," telling Cheddar why he thinks investors should buy on the stock despite a decrease in demand for iPhones last quarter.
We discuss Samsung's recent announcement that it will cut production on its OLED screens in response to slower iPhone X sales. We also tal about the HomePod and what it might mean for Apple's revenue in the near future.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
