What could bring Apple down?
Mint Mumbai|January 26, 2024
Trustbusters, platform shifts and geopolitics could all hurt the iPhone maker, which will report its latest quarterly earnings next week
What could bring Apple down?

Tim Cook, boss of Apple, is having a rough start to 2024. In the past month his company has faced an unusual barrage of unpleasantness. A patent dispute forced it to remove features from two of its smartwatches. It found out that America’s Department of Justice (DoJ) would be suing it over antitrust transgressions. And it reported that it was losing market share in China, its second-biggest smartphone market. Adding insult to injury, a few Wall Street analysts said something unthinkable until recently—that Apple’s shares were overvalued. On January 11th Microsoft, a rival tech titan, duly dethroned the iPhone-maker, temporarily, as the world’s most valuable company.

The run of bad news may continue on February 1st, when Apple reports its latest quarterly earnings. Equity researchers estimate that its revenues barely grew in the last quarter of 2023, if at all. Then, on February 2nd, Apple will be tested once again. It will start shipping the Vision Pro, an augmented-reality (AR) headset that it has been working on—and talking up—for a few years. The high-end gadget, which will sell for $3,499, represents a big bet on a new technology “platform” that, Apple may be hoping, could one day replace the smartphone as the core of consumers’ digital experience—and the iPhone as the source of its maker’s riches. Early indications hint that Apple should worry about the device’s prospects. Netflix, Spotify and YouTube have announced that they will not make their popular streaming apps work on the headset. None said why. But it could be because they all compete with Apple’s own streaming services, and developing an AR app is likely to be costly.

Diese Geschichte stammt aus der January 26, 2024-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 26, 2024-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
Retirement Ready? Here Are Some Essential Tips For Financial Security
Mint Mumbai

Retirement Ready? Here Are Some Essential Tips For Financial Security

57% of urban Indians worry their retirement savings will deplete within a decade

time-read
3 Minuten  |
November 28, 2024
PAN 2.0 must aim to end fraud via impersonation
Mint Mumbai

PAN 2.0 must aim to end fraud via impersonation

It's welcome that tax authorities are simplifying processes for holders of permanent account numbers. The tech overhaul should also ensure sufficient checks to minimize PAN-theft fraud

time-read
2 Minuten  |
November 28, 2024
Capturing the vintage romance of Havana
Mint Mumbai

Capturing the vintage romance of Havana

The photographs focus on the resilience of Cubans—of keeping music, dance, and laughter alive in the face of various challenges

time-read
3 Minuten  |
November 28, 2024
A treasure trove of recipes from Jahangir's royal kitchen
Mint Mumbai

A treasure trove of recipes from Jahangir's royal kitchen

Food historian Salma Yusuf Husain has translated a 17th century Persian manuscript with 120 rare recipes

time-read
2 Minuten  |
November 28, 2024
Eye contact at meetings must get the attention it needs
Mint Mumbai

Eye contact at meetings must get the attention it needs

Remote work is here to stay but virtual meeting platforms have not addressed their key point of inferiority

time-read
3 Minuten  |
November 28, 2024
Economic advice for Trump and Powell: First, do no harm
Mint Mumbai

Economic advice for Trump and Powell: First, do no harm

Policy moves should help sustain business dynamism in America

time-read
3 Minuten  |
November 28, 2024
Internal audit: AI will transform it by staying vigilant in real time
Mint Mumbai

Internal audit: AI will transform it by staying vigilant in real time

Embracing tools of artificial intelligence will enable IA to play a vastly enhanced role in delivering value to organizations

time-read
3 Minuten  |
November 28, 2024
Mint Mumbai

We should fix the business of opinion polling in India

Pollsters need self-regulatory mechanisms that can set standards and ensure transparency

time-read
3 Minuten  |
November 28, 2024
Resolving disputes over public procurement: Let's aim higher
Mint Mumbai

Resolving disputes over public procurement: Let's aim higher

It has been a pivotal year for reforms but India needs more to vie for leadership in dispute resolution

time-read
3 Minuten  |
November 28, 2024
Mint Mumbai

Are multi-asset funds a good option amid the market rally?

MAAFs are structured to invest in a mix of asset classes, offering diversification benefits

time-read
4 Minuten  |
November 28, 2024