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Apple Gingerly Sets More Stores to Reopen

2020-05-19 20:14:06| TechNewsWorld

Apple has reopened nearly 100 of its retail outlets around the world and plans to open another 25 in the U.S. and 12 in Canada. All of its retail stores previously were closed due to the COVID-19 pandemic. "Our commitment is to only move forward with a reopening once we're confident we can safely return to serving customers from our stores," noted Apple SVP of Retail Deirdre O'Brien.

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Apple increases dividend, share buybacks amid in-line Q1

2020-05-01 09:54:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal second quarter to end March in line with expectations, up 1 percent year-on-year to USD 58.313 billion, but said service revenues reached a new all-time high of USD 13.348 billon (from 11.450 billion) and that wearables also reached record levels. Earnings per share lifted 4 percent meanwhile to USD 2.55. International sales accounted for 62 percent of total revenues and the operating cash flow increased by USD 2.2 billion to 13.3 billion. As a result, the company has lifted its quarterly cash dividend by 6 percent to USD 0.82 per share, from 0.77 per share in the previous quarter. The company also upped its existing share buyback programme by USD 50 billion.

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Apple boosted by streaming services despite lockdown

2020-05-01 00:27:12| BBC News | Business | UK Edition

While iPhone sales fell due to the lockdown in China, sales of streaming services jumped.

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HBO Max to be available on Apple devices at launch

2020-04-27 20:30:39| Digital TV News

WarnerMedia has announced that HBO Max will be available on Apple devices when it debuts on May 27, 2020. At launch, customers will be able to access HBO Max on iPhone, iPad, iPod touch, Apple TV 4K and Apple TV HD.

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Apple delays production of new iPhones by one month - report

2020-04-27 14:56:00| Telecompaper Headlines

(Telecompaper) Apple is pushing back the production ramp-up of its flagship iPhones coming later this year by about a month, people familiar with the changes told the Wall Street Journal. As the coronavirus pandemic weakens global consumer demand, the company also reduced the expected production of the new devices this year, the paper said. 

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