Apple stock fell sharply Thursday on news reports that the consumer electronics giant cut iPhone prices in China due to increased competition with domestic rivals such as Huawei. Apple announced discounts of up to 500 yuan (about $68.50) on its current iPhone models in China. It also is offering discounts on Macs and iPads in the country. Patrick Seitz for Investor’s Business Daily:
Apple needs new leadership. The company needs vibrant, visionary, risk-taking leadership again. Apple’s “caretaker CEO” era (iterating products and services conceived by/under Steve Jobs) should have ended years ago. – MacDailyNews, June 6, 2024 As we explained in early April 2024:
The good news is that the average age of outgoing CEOs across the S&P 1500 is 61.6 and Tim Cook will turn 64 on November 1st. – MacDailyNews, May 7, 2024 “Change is the law of life, and those who look only to the past and present are certain to miss the future.” – John F. Kennedy We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Thursday, January 2, 2025
Apple stock drops on iPhone discounts in China
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