Apple Sales Fall to 20% in 2016
“Target reported disappointing Q2 earnings on Wednesday, and management placed part of the blame squarely on Apple,” Rayhanul Ibrahim reports for Yahoo Finance.
“Comparable store sales at Target overall fell by 1.1%, but Target executives noted that electronic sales decreased by double digits and ‘accounted for 70 basis points [0.7%] of overall comp decline,'” Ibrahim reports. “Even more notably, Target specifically pointed out that Apple product sales were down by ‘more than 20%’ year-over-year and were to blame for a third of the overall plunge of electronic sales at Target.”
“Interestingly, Apple’s own Q2 earnings showed a more positive story, and possibly indicated they may not be as incentivized as Target to act in good faith — iPhone sales decline by 15%, iPad by 9%, and Macs by 11%. Bad for sure, but much better than what Target’s tracking shows.”
Read more in the full article here.
Apple Pay has expanded again to 37 more U.S. Banks. These are as follows:
“The go-to supply chain source for this stuff—KGI analyst Ming-Chi Kuo—likens the ‘Apple Watch 2’ to the ‘S’ generation phones Apple releases between major, numbered, iPhone generations. These ‘S’ series devices have some spec upgrades, but usually no major new feature or design innovations,” Mark Sullivan writes for Fast Company. “Kuo, who is usually accurate, cites supply chain sources to say that the new Watch will be roughly the same shape and size as the first Apple Watch, but will add a faster chip, a barometer (to measure elevation climbed), a GPS radio (for tracking runs), and some kind of waterproofing rating.”
“Apple’s new suite of operating systems appears to replace its pistol emoji, which was an image of a six-shooter, with a squirt gun,” Jonathan Zittrain writes for The New York Times. “Apple hasn’t said why it would be making this change, but this summer, along with Microsoft, the company lobbied Unicode, the nonprofit consortium that decides which emojis should exist, against adding a separate rifle. For those emojis Unicode has already approved, like gun, it’s up to each company to create a picture for it.”
