Market swoon raises stakes for US-China trade talks next week

The new iPhone models that aren't being taken up

It was its first forecast slash in more than 15 years.

Some analysts questioned the extent to which Apple's travails were reflective of broader macro trends as opposed to being company-specific.

Greater China is an informal term usually used by multinational companies to refer to their business operation area that encompasses the Chinese mainland, Taiwan, Hong Kong and Macau. Revenue from this services category hit almost $10 billion in the three months ending in September, an impressive figure and an increase of 17 percent from the same period a year ago.

And US President Donald Trump could become more open to settling the trade dispute with China. It's the result of market competition, rather than economic deceleration. Apple's (APPL) announcement rattled investors and global markets. Retailers and internet companies rose as well, with Amazon up 5.3 per cent at $1,580 and Google's parent company, Alphabet, rising 4.7 per cent to $1,073.

Shares of Apple's suppliers also fell, and S&P 500 futures dropped 1.3 per cent, signalling that Wednesday's modest advance could unwind when the market reopens on Thursday.

China is the biggest beneficiary of Apple, more than us, because they build their product mostly in China.

"I$3 n the modern iPhone era last night was clearly Apple's darkest day in our opinion and represents a challenging growth period ahead for the company (and its investors)", Daniel Ives, an analyst at Wedbush Securities, said in a note to clients Thursday. Some pessimistic economists have even projected an imminent global recession.

Apple's stocks have turned bearish since November 20, 2018 and now are 37.68 percent lower than its historical high of 232.07 US dollars per share set on October 3, 2018, despite over 1.7 percent of rebound in the early morning session on Friday amid an overall rise of USA stock markets.

More news: Netflix poaches its new CFO from Activision

The Labor Department said hiring ramped up in December, which could allay fears about an economic slowdown in the U.S. Those worries, along with a weak revenue forecast from Apple, contributed to steep losses Thursday.

In both countries, the trade war has soured the economic outlook and shaken financial markets.

"The much larger issue is the slowing of the (Chinese) economy, and then the trade tension that has further pressured it", Cook said.

The first two volatile trading days of the year are the S&P 500's worst two-day start to a trading year since 2000, according to analysts.

The biggest fear for Apple investors, Ives said, is a customer base that stalls out, failing to grow over the next few years and triggering a "nightmare scenario decline". "'Make your products in the United States, '" Trump said. The Nasdaq rose 275 points, or 4.3 percent, to 6,738.

Apple shares were down 9.8 percent at $142.40. "We continue to believe Netflix's investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the USA and internationally".

With over 20 factories, multiple research and development centers as well as logistics and parts centers, heavy equipment maker Caterpillar employs over 10,000 people in China, accounting for over 10 percent of its total employment. Copper rose 3.1 percent to $2.65 a pound.

In the fiscal year ending September 30, 2018, USA telecommunication player Qualcomm Inc. earned 15.149 billion dollars of revenues from the Chinese market, which stands for as much as two-thirds of its total.

Related News:



Most liked

Collins says Senate should consider bills to reopen government
His press secretary, Sarah Huckabee Sanders, confirmed on " Fox News Sunday" that declaring a national emergency was on the table. Cory Gardner, R-Colorado, on Thursday called for an end to the shutdown , even without a deal for a border wall, while U.S.

Others had criticized Poland escape game site where 5 died
Five girls aged around 15 were killed in the fire in the city of Koszalin on Friday night, as they celebrated a birthday. The teenagers are believed to have been in the same class at school and are understood to have been good friends.

Rockets GM: Harden possibly the best offensive National Basketball Association star ever
Following the Warriors game, Daryl Morey added that "you can argue for [Harden] as the best offensive player of all time". Including his 50-point game against the Lakers on 13 December Harden has scored at least 30 in 11 straight. "The work.

Reading boss feels ‘this’ man is not important for Man United’s success
He will be a huge star for United because there's that ability. "It is such a great bunch of players, a fantastic atmosphere". He might be partnered by Marouane Fellaini and Andreas Pereira , who is set to receive his first start under the new manager.

Lowry to miss reunion with former Raptors team-mate DeRozan
Discussing Kawhi Leonard is not one of Gregg Popovich's favourite things to do. "We'll see tonight, I don't know". The mood will be much different when DeMar DeRozan returns to Toronto on February 22, of course.

10 flu deaths in Arkansas, 11 in Oklahoma
The Iowa Department of Public Health says a man from eastern Iowa is the first person to die from the flu in the 2018-19 season. The flu shot is likely to help a lot too this year, he said, as the vaccine is usually good at matching H1N1 strains.

Xi Jinping says Taiwan "must and will be" reunited with China
China reserves the option of taking "all necessary means" to achieve reunification with Taiwan, the leader asserted. President Tsai Ing-wen said Tuesday that China must face the fact of the existence of the Republic of Taiwan.

Leaked! Samsung Galaxy S10 photo shows off camera in mouth-watering detail
This will make the Galaxy A50 the cheapest phone from Samsung to come with wireless charging support. This new line-up will debut, according to what we know so far, at the end of January .

Trump gives military four months to leave Syria
USA troops have helped rid much of Syria's north-east of the jihadist group, but pockets of fighters remain. Graham said he knew Trump was "frustrated" by his limited options in Syria.

France, Britain agree on action plan for migrant Channel crossings
Mr Javid has come under growing pressure to act, and cut short a family holiday in South Africa to address the issue. Dover MP Charlie Elphicke called for more patrol boats and accused the Home Office of letting the "crisis" escalate.

Have you seen 'Bird Box'? Netflix says basically everyone else has
It would be hard , for example, to say what the activity of 45 million accounts equates to in traditional box office terms. However, that sort of statistic is mostly meaningless, because it's coming from Netflix .

7-Year-Old Girl Dies In Houston Walmart Shooting
Washington was shot in the arm and her daughter, Jazmine Barnes , was killed in the shooting Sunday morning. The sheriff's office is asking locals in the area around Wallisville Road near the E.

China release detained Canadian women
USA authorities claim Meng Wanzhou lied to US banks to get around sanctions against Iran asked to extradite the executive. Authorities arrested the men separately after an executive from the telecom firm Huawei was detained on Canadian soil.

Tennis Perth Roger Federer cruises to win at Hopman Cup
Williams, meanwhile has already said she's hell-bent on getting a selfie with Federer to share to her 10.3 million Instagram fans. The 37-year-olds have won 43 Grand Slam singles titles between them. "I don't know her that well".

Bigg Boss Season 12 Winner: Dipika Kakar Lifts Up The BB12 Trophy
Setting a romantic mood, the love-struck jodi of Bigg Boss Season 12 , Deepak and Somi will also sway to some popular love songs. Among the many who termed Dipika as the non-deserving victor of BB12, was Sreesanth's manager, Ronita Sharma.