Since Steve and I can’t cover everything, occasionally we’ll direct your attention to articles from various other sources worth your time.
° Australian retailer Officeworks has pulled AirTags from sale over potential safety issues, which revolve around the ease of access to the button cell batteries used in the tracking accessory, according to Gizmodo.
° To celebrate Mother’s Day (which is this Sunday May 9), on its Newsroom webpage, Apple has published a profile of the developers behind Winnie, an iOS app designed to help mothers find childcare for their kids.
° In March, Apple filed a lawsuit against its former materials lead, Simon Lancaster for allegedly stealing trade secrets about “Project X,” leaking them to the media, and more. Now, per 9to5Mac, he’s formally filed his response and while he denies the primary allegations of leaking company secrets, he does admit to talking to a specific reporter while at Apple and asking for “favorable” stories of a s
Morgan Stanley Katy Huberty expects Apple App Store revenue will grow less than expected in the June quarter, though its long-term outlook remains unchanged.
App Store growth will slow more than expected in June quarter, analyst says
Credit: AppleCredit: Apple
In a note to investors seen by
AppleInsider, lead analyst Katy Huberty says she has tweaked her near-term Services estimates after analyzing post-April data for the App Store.
Huberty says her App Store monetization forecast remains unchanged in the long term. However, she now assumes that the App Store will grow 11% year-over-year in the June quarter, down from a previous estimate of 19% year-over-year.
She maintains the rest of her June quarter Services forecast. As a result of the lower App Store estimate, the total June quarter revenue estimate for the Services segment is now $16.4 billion, down slightly from $16.9 billion. That s still 140 basis points above consensus, she says.
Can Apple Stock Shake Off Post-Earnings Softness This Week?
Apple stock dipped after earnings day, despite the companyâs jaw-dropping fiscal second quarter performance. Here is what investors can expect of the stock this week.
Author:
May 3, 2021
Apple delivered an astonishing set of fiscal second quarter numbers on April 28. Yet, the stock reacted as if none of it had happened. Shares dipped 2% last week, most of it after the company’s historical earnings day.
Investors must be scratching their heads and asking: will Apple stock shake off post-earnings bearishness? While markets can be quite unpredictable, today the Apple Maven tries to address this tough question.
Apple Expected To Report $US20 Billion In Profits This Quarter gizmodo.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gizmodo.com.au Daily Mail and Mail on Sunday newspapers.