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Tim Cook said iPhone sales grew in China, despite external research showing a decline. China accounted for 18% of Apple's sales, making it a critical market for the tech giant. However, over the last quarter, independent analysts have reported a slump in overall iPhone sales in China. iPhone sales in China are a closely watched metric because greater China accounted for 18% of Apple's sales across products in the first quarter, according to the earnings results. Related storiesCook's limited remarks on China's iPhone sales raised questions on Friday's call from analysts who compared Apple's data with independent reports.
Persons: Tim Cook, , Cook, Max, Wells, Aaron Rakers, Will Wong, Wong Organizations: Apple, Service, Counterpoint Research, International Data Corporation, IDC, Bloomberg Locations: China, Hong Kong, Taiwan
Every weekend, the store offers a wide variety of deals on top products, so I've gathered the best Best Buy deals available now for you to shop. Whether you need a quick gift or want to upgrade your own tech, keep scrolling to find the best Best Buy deals you can shop below. Best Buy sale quicklinks Apple Watches : Get up to $100 off select models. Shop at Best BuyThis is just a small taste of this weekend's top Best Buy sale picks. Check out the full selection over at the Best Buy website.
Persons: I've, Organizations: Business, Apple, Lenovo, Samsung, LG, Sony, Sporting, Barista, GE Gaming, GE
Apple CEO Tim Cook's base salary has been $3 million a year since 2016. His total compensation was $63.2 million in 2023, down from $99.4 million the previous year. AdvertisementApple chief Tim Cook has been paid an annual salary of just $3 million since 2016. However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings. His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation.
Persons: Tim Cook's, , Tim Cook, Cook, It's, Apple Organizations: Apple, Service, SEC, Forbes, Bloomberg, Developers Conference, Business Locations: China
Janelle LeesonBelow is a sampling of some of the core products and services the Reviews team tests. Reporters enlist their cats, dogs, and other pets to help test products, while pet health articles are medically reviewed by veterinarians and supported by expert interviews. Insider Reviews' health articles are medically reviewed by doctors and other health professionals, and supported by expert interviews. Molly Allen/InsiderThe Reviews team tests products the way people would use them in everyday life. In addition to our in-house and freelance testers, we also have an internal council of volunteers and freelancers who help us test products and offer additional perspectives.
Persons: Janelle Leeson, Antonio Villas, Sally Kaplan, Molly Allen, James Brains, Erin Brains, Amir Ismael Organizations: Business Insider's Service Journalism, Tech, Samsung, Boas, Health
Apple said sales fell 4 percent to $90.8 billion for the three months that ended in March. Revenue from iPhones, iPads and wearables like the Apple Watch declined from the same quarter last year, while sales of software and services rose. Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. Last quarter, Apple’s share of smartphones sold in China fell 4 percent, according to Counterpoint, a technology research firm. Shares of Apple rose 6.5 percent because the results slightly exceeded Wall Street predictions for quarterly sales and profit and were better in China than feared.
Persons: Apple’s, Trump Organizations: Apple, Justice Department, Revenue, Apple Watch, Huawei Locations: iPhones, China
Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. This resulted in stronger-than-expected free cash flow, which is more important than operating cash flow because it is cash Apple can ultimately return to shareholders via buybacks and dividends. During the reported quarter, Apple paid over $27 billion to shareholders, including $3.7 billion in dividends and equivalents and another $23.5 billion via the repurchase of 130 million shares. Quarterly results Apple's services sales notched another record, which offset a slight miss in product sales and led to beats on gross and operating income. iPad sales are expected to gain double digits year over year, much better than the 5.9% expected on Wall Street.
Persons: Tim Cook, Cook, we're, Apple, Luca Maestri, Maestri, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Management, MacBook, MacBook Air, Apple Watch, Fortune, Apple Vision, KLM Airlines, CNBC, Apple Inc, Visual China, Getty Locations: China, Greater China, America, East, Canada, India, Spain, Turkey, Indonesia, WWDC, U.S, Australia, France, Germany, Japan, Shanghai
Apple's China sales in focus ahead of earnings
  + stars: | 2024-05-02 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
In February, Apple said it expected sales similar to last year's $94.84 billion during the same period and flat iPhone sales. In the December quarter, sales dropped 13% in Greater China, which includes Hong Kong and Taiwan. Analysts polled by FactSet expect $15.25 billion in China regional sales, which would be a 14% year-over-year decline. "In strong iPhone cycles, Apple's China revenues typically grow much faster than Apple overall, as Chinese consumers embrace the new phone," Sacconaghi wrote. Meanwhile, state statistics show iPhone sales falling 33% in February, the second consecutive month of declining shipments.
Persons: Tim Cook, Deirdre O'Brien, Apple, AAPL, Bernstein, Toni Sacconaghi, Sacconaghi, David Vogt, Aaron Rakers, There's, Morgan Stanley, Erik Woodring, Woodring Organizations: Apple, Analysts, FactSet, Huawei, Chinese Communist Party, Counterpoint Research, UBS Locations: China, Greater China, Hong Kong, Taiwan, repurchases
Kiani has just under 4 million Masimo shares, or around 7.5% of the company, according to FactSet data. Masimo shares are up 15% this year, lifting the company's market cap past $7 billion. Politan controls 8.9% of Masimo shares. Kiani, 59, pledged 2.97 million Masimo shares as of April, valued at $397 million, as collateral against "personal loans." "Rather than sell his pledged shares, Mr. Kiani increased his pledge to maintain his stock ownership."
Persons: Joe Kiani, Joe Biden, Quentin Koffey's, Kiani, Masimo, Politan Organizations: Apple, Capital Management, CNBC
Amanda Randles creates virtual simulations that incorporate data from patients' wearable devices. To that end, Randles, a professor of biomedical sciences at Duke University's Pratt School of Engineering, spends her time building some of those virtual simulations. Tracking cancer cellsWhen cancer cells circulate through the bloodstream, they can sometimes acclimate in a different part of the body and form new tumors, which is known as metastasis. In her simulations, Randles changes different parameters, like how the size of the cell's nucleus affects its movement. Advertisement"What is it about the cancer cells that are making them more likely to go to the brain or to the breast," she said.
Persons: Amanda Randles, , Randles, Salil Parekh, It's Organizations: Duke University, Computing, Service, Business, Duke University's Pratt School of Engineering, Association for Computing, Infosys, Apple Watch
The $99 Limitless pendant became available for pre-orders on Monday; it'll ship later this year. The AI-powered Limitless pendant, unveiled Monday, can be worn like a necklace or clipped onto your clothing with its magnetic clasp. The Limitless pendant is available in eight colors. For $20 a month, you get unlimited audio storage and unlimited AI functionality. Some other AI wearables, like Humane's AI pin, have been panned by reviewers; they'll no doubt be keeping tabs when the Limitless pendant comes out.
Persons: , Dan Siroker, isn't, didn't, It's Organizations: Service, Bluetooth
Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.
Persons: Siri, , Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice
Thanks to cutting-edge wearables and advances in the booming fitness tech industry, it's easier than ever to keep tabs on your heart health in real time. While it can be motivating to measure your health progress with metrics like resting heart rate, the real test is low-tech, Paz said. "For the vast majority of people, you don't need any of this stuff. Once you understand your current fitness level and heart health, you can set yourself small, achievable goals, then try the test again and see exactly how much you've improved. You don't need to run a marathon tomorrow," he said.
Persons: , Edo, Paz Organizations: Service, Business, White Plains Hospital Locations: Edo Paz, White, Paz
"Your resting heart rate tells you so much about your cardiovascular fitness," he told Business Insider. AdvertisementAnywhere from 60 to 100 beats per minute is typically considered a normal resting heart rate, according to Paz. Athletes, especially in endurance sports, can have a resting heart rate as low as 40 beats per minute. How can you improve your resting heart rate? "As you train, your resting heart rate is going to go down," Paz said.
Persons: , Edo, Johnsons, It's, Mike Thomson, Paz, Kate Baird, Baird, Thomson, I'd Organizations: Service, White Plains Hospital, Business, Hospital for Special Locations: Edo Paz, White
Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Energy TransferThis week's first dividend stock is Energy Transfer (ET), a master limited partnership or MLP. With an annualized distribution per unit of $1.26, ET stock offers an attractive yield of 8.4%. Target's quarterly dividend of $1.10 per share reflects a 1.9% year-over-year increase and represents a dividend yield of 2.6%. Tarlowe noted that the retailer's Q4 revenue benefited from a 10% rise in other revenue, thanks to solid growth in advertising.
Persons: Wall, Selman Akyol, Akyol, TipRanks, Ivan Feinseth, Feinseth, Jefferies, Corey Tarlowe, Tarlowe, TGT Organizations: Energy, MLP, Management, Garmin, Tigress, Aviation, Automotive, Target Locations: Harlem, Crestwood
So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.
Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, , we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, , kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, , Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The
Oura will now sell its smart rings on Amazon , its latest retail expansion as the health and wellness wearable space continues to grow. Starting Thursday, Oura will have its full selection of rings and accessories available to U.S. shoppers on Amazon through its own brand store. The move also comes as Oura faces a new challenge from Samsung in the smart ring category, as well as other wearables adding more health benefits. More than one million Oura rings have been sold to date, according to Oura. As for Samsung's potential entry into a ring, Sweeny said Oura is viewing it "as a positive thing."
Persons: Oura, Doug Sweeny, Sweeny, Fitbit Organizations: Best, Oura, CNBC Disruptor, Samsung, Apple, Garmin, Amazon, Google, Watch Locations: U.S
The smart ring era is here. Honor, the mobile business spun out of Huawei, also announced this week that it's working on a smart ring. Avi Greengart, president and lead analyst at Techsponential, told Business Insider at MWC that Samsung's Galaxy Ring "validates the smart ring category." Rumors of an Apple smart ring have been simmering for over a decade — mostly due to a string of patents the company has filed for. There's another good reason tech companies are eyeing smart rings right now, according to IDC analyst Francisco Jeronimo: subscriptions.
Persons: , Prince Harry, Mark Zuckerberg, Jack Dorsey, Jennifer Anniston, Jimmy Kimmel, Smart, they've, Oura, Avi Greengart, Apple, Bloomberg's Mark Gurman, Jeremy Liew, Liew Apple, Greengart, Francisco Jeronimo, Jeronimo Organizations: Samsung, Service, Mobile, Congress, MWC, Huawei, IDC, Apple, Venture, Business Locations: Barcelona, Cupertino
Meta plans to show off years of work on new augmented reality glasses during its developer conference this year. While the AR glasses will not be for sale to the public after the reveal, a handful of employees are already experimenting with advanced prototypes, one of the people noted. The AR glasses are a separate product from Meta's better-known Ray-Ban smart glasses and Quest headsets. He posted a photo to Threads earlier this month showing several versions of Meta glasses on his desk. So far, Meta's AR glasses are costly to produce, much less sell at retail.
Persons: what's, Ray, Andrew Bosworth, Mark Zuckerberg, Bosworth, Kali Hays Organizations: Orion, Reality Labs Locations: khays@insider.com
The Samsung Galaxy Ring has various sensors to track things like heart rate. Samsung teased the Galaxy Ring in January during the press conference when it launched the S24 smartphone. All of that will be accessible through the Samsung Health app. The Galaxy Ring is the newest product category in health. The Samsung Galaxy Ring will work in conjunction with Samsung's smartwatches.
Persons: Pak, Samsung's smartwatches Organizations: Samsung, Samsung BARCELONA, CNBC, Samsung Electronics, Samsung Health, South, Mobile, Samsung Pak Locations: Barcelona
The company has discussed making a smart ring, though it's not actively working on the product, Bloomberg reported. It's also exploring whether it should make smart glasses and put tiny cameras onto AirPods that could bring AI benefits, the report said. Apple has issued a number of patents for smart glasses and smart rings in the past dating back at least 10 years. Apple has also had early discussions about creating smart glasses as a possible alternative to AirPods, the report said. A smart ring would also be a competitor for Oura, and newcomer Samsung's upcoming Galaxy smart ring that it plans to release later this year, which is designed to keep track of health metrics.
Persons: , it's, It's, there's, Mark Zuckerberg, Meta's Ray, Josh Edelson Organizations: Service, Apple, Bloomberg, Apple Watch, Getty, Samsung, Oura Locations: AFP
Snap's new mass layoff impacted workers in a range of roles across the company. Another perceived Snap in recent months as a company in "managed decline." C-suite executives who were hired or promoted, like Jerry Hunter and Jeremi Gorman, respectively, to build up and manage Snap's business, are gone and are not being replaced, as CEO Evan Spiegel is taking on oversight of the business. Engineering leaders, too, left the company in recent months. Snap has hired some new executives, like Patrick Harris, Ronan Harris, Darshan Kantak and Eric Young, but none are in the c-suite.
Persons: Evan Spiegel, Snap's, Spiegel, Jerry Hunter, Jeremi Gorman, Patrick Harris, Ronan Harris, Darshan Kantak, Eric Young Organizations: Business, Workers, Monday, BI, Meta, Apple, Engineering Locations: North America, California
Cash flow and capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that handily exceeded Street expectations. The Mac's return to growth is also notable, especially given the shorter quarter, indicating a significant acceleration in growth versus the September quarter. In services, sales advanced 11% year over year on the back of double-digit growth in paid subscriptions. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Tim Cook, Cook, Apple, Siri, we're, it's, Luca Maestri, We've, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Apple, Vision, CNBC, Apple Vision, Getty Locations: China, Malaysia, Mexico, Philippines, Poland, Turkey, India, Indonesia, Saudi Arabia, Chile, Kantar, U.S, Japan, Australia
Apple will report earnings after the bell
  + stars: | 2024-02-01 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
Apple reports fiscal first-quarter earnings after the bell. Investors will be closely watching to see if Apple guides to growth again in the current quarter. Some analysts believe Apple's iPhone revenue may look good in a soft market quarter, outperforming rivals that are also seeing weak demand. But a strong quarter of iPhone sales over the holiday season could mean a seasonally weak March quarter. "We remain comfortable with our current assumption of muted uptake for the device under 1% of Apple sales this year and next," Rosenblatt analyst Barton Crockett wrote in a note Wednesday.
Persons: Tim Cook, Samik Chatterjee, Apple hasn't, Apple, Morgan Stanley, Erik Woodring, IPhones, Chatterjee, Rosenblatt, Barton Crockett Organizations: Apple, Management, Vision, JPMorgan, Apple Watch, Huawei, Amazon, Apple's, CNBC PRO Locations: Cupertino , California, China, F1Q24, U.S, F4Q, C4Q
Wearable technology has been used in multiple industries, such as healthcare and fitness. Fewer lags and faster download speeds make the real-time experience required for wearable technology possible. The primary purpose of the wearables, she said, is to help those who are deaf or hard of hearing experience music inclusively. The Vibrotextile wearable technology is a haptic vest with wrist and ankle bands. "People want to be connected, and I think that's the most important aspect of technology," Rosella said.
Persons: , Jill Stark, Stark, Jeffrey Stark, Jill Stark Stark, Francesca Rosella, Rosella, CuteCircuit, Stark —, SoundShirts, Cooper Hewitt, Don Emmert, Rachel Arfa, Daniel Belquer, Belquer Organizations: Service, Lyric Opera of Chicago, Fortune Business, Lyric Opera, Smithsonian Design, Getty, Chicago Lyric Opera, Chicago Mayor's, People, Labs, 5G Locations: London, New York City, AFP
Learn moreKnowledge is power, the saying goes, so you may be tempted to use wearables to track your health data in the hopes of preventing or managing an illness or hitting certain fitness goals. Plus, it's important to take the data, which might not be entirely accurate, with a pinch of salt, Probert said. That doesn't mean the best fitness trackers aren't helpful, it just means you shouldn't take their data as gospel. Fitness trackers can't know our metabolic rates and how much muscle we have compared to body fat, which affects our energy expenditure. And, Probert cautioned, it's important not to stop listening to your body and checking in with how you feel when using such devices.
Persons: You'd, Livvy Probert, Probert Organizations: Stanford University
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