Explore stories from Atlantic Canada.
- Apple investors will have one big question when the world's most valuable company reports earnings on Thursday - will Huawei's resurgence in China dampen its holiday-quarter expectations?
"Strength of the iPhone 15 cycle is the key question heading into the December quarter," Bernstein analysts said, adding that they expected"muted" sales of the device due to a lack of new features, strained consumer spending and competition from Huawei. But there are signs of an economic pick up in China. Data released last month showed the economy grew at a faster-than-expected clip of 4.9% in the third quarter - though less than the 6.3% expansion in the second quarter - while consumption and industrial activity also surprised on the upside in September.
However, the fiscal first-quarter projections suggest an improvement from an estimated increase of 2.8% for the three months ended September, marking the largest rise in iPhone sales since the start of this year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple's holiday-quarter forecast faces threat from Huawei, weak China marketApple investors will have one big question when the world's most valuable company reports earnings on Thursday - will Huawei's resurgence in China dampen its...
Read more »
Apple targeting designers, musicians with revamped Mac lineup and new chipsApple CEO Tim Cook is seen during an Apple event on Oct. 30, 2023.
Read more »
Carlyle Group Prepares to Explore Sale of Every Man JackPrivate-equity firm Carlyle Group is considering selling men's personal-care company Every Man Jack, which could be valued at around $400 million. Carlyle is in the process of hiring a financial advisor to oversee the sale. Every Man Jack offers a range of products for body, hair, beard, shaving, and skincare, all made with natural ingredients. The company, based in Corte Madera, California, was acquired by Carlyle in 2020. This potential sale follows Unilever's recent agreement to sell Dollar Shave Club to Nexus Capital Management.
Read more »
I Explore Unique, Deserted Places, And Here Are 22 Of The Most Eerie OnesAs I venture into unusual, abandoned locales, I frequently come across the eeriest sites. Here's a glimpse of the spookiest encounters from my journeys.
Read more »
Explore Prince George: 3 fun things to do in and around the cityStart planning your adventure today with these three experiences in Prince George, B.C.
Read more »
Toronto To Explore Converting Offices Into HousingHoward is a Staff Writer based in Vancouver. He was formerly the Deputy Editor of 604 Now, and has written about the media industry for OneZero and international politics for WhoWhatWhy.
Read more »