Andy Hargreaves News
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Talk about having all your apples in one basket.
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Apple Inc.’s slowing sales are rippling through a supplier network that has long benefited from the company’s ability to churn out iPhones and iPads.
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Apple Inc. dropped below $400 for the first time since December 2011 after one of its audio-chip suppliers, Cirrus Logic Inc., reported an inventory glut that suggests iPhone sales may fall short of analysts’ expectations.
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U.S. stocks fell, after the Standard & Poor’s 500 Index yesterday rallied toward a record high, amid concern over Europe’s debt crisis and as pending American home sales slipped in February.
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A band of Apple Inc.’s most bullish fans on Wall Street are growing increasingly bearish over concerns that holiday iPhone sales have been weak and that the company needs new breakthrough products to fend off rivals Google Inc. and Samsung Electronics Co.
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Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
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Apple Inc. will probably sell a record 1 million iPhones today after introducing a new model, attracting crowds to stores in five countries.
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Apple Inc. ’s production of iPhones and iPads may be “meaningfully impaired” in the coming months in the aftermath of the earthquake and tsunami in Japan, according to Pacific Crest Securities Inc.
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As iPhone fans await the release of a new model, they are delaying purchases and may cause Apple Inc., the world’s largest company by market value, to post its slowest sales and profit growth in more than two years.
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To take on Apple Inc. and Samsung Electronics Co. in the global smartphone market, China’s TCL Corp. is enlisting a strong ally: Iron Man.
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