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Apple Downgraded to ‘Sell’ Over Slow iPhone Sales, Shares Down

The new iPhone, likely to be launched in September, is expected to house a triple-camera system and a new chipset

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Apple, smartphone
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

Apple shares fell nearly 1.5 per cent on Monday after research and investment banking brokerage firm Rosenblatt Securities downgraded the iPhone maker to “sell” from “neutral”.

According to CNBC, analyst Jun Zhang said in a note to clients that “we believe Apple will face fundamental deterioration over the next 6 to 12 months”.

“Adding to our ‘sell’ thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod, and iWatch, may not be meaningful to support total revenue growth,” said the analyst.

The Cupertino-based giant would, however, maintain its $150 price target, said the analyst.

Apple’s shares were down to $200.90 in early trading.

Smartphones
iPhones on display at an Apple store in Virginia, USA, April 4, 2016. VOA

According to Business Insider, Apple received a downgrade from Rosenblatt Securities owing to slow iPhone sales in June and expected production cuts for the XR model.

“We believe Apple reduced iPhone XR production for Q3 in order to prepare for the ramp of the new iPhone models and because of weakness in sales in Q2,” Zhang added.

The company has made a new push towards generating revenues from launching services such as Apple TV+, Apple News and Apple Music.

Also Read: Tech Giant Google Suspends Shady Samsung Update App

The new iPhone, likely to be launched in September, is expected to house a triple-camera system and a new chipset.

“With limited upgrades for the new iPhone models in the fall and expectations of a 5G iPhone in 2020, we expect major iPhone upgrades to be pushed out to the second half of 2020,” said Zhang, adding that iPhone XS may have been “one of the worst selling iPhone models in the history of Apple”. (IANS)

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Apple Introducing Disability-Themed Emojis for its Keyboard

The new emojis would be made available this fall with a free software update on Apple devices

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world emoji day
FILE - Emoji characters are shown on the screens of two mobile phones in Paris, Aug. 6, 2015. VOA

In a bid to bring more diversity to its keyboards, Apple is rolling out 59 new emojis to its keyboard for iPhones, iPads, Macs and Apple Watches this fall.

In a major update to the “couples holding hands” emoji, users would now be able to select any combination of skin tone, to personalise the people holding hands, opening up more than 75 possible combinations, the iPhone-maker wrote in a blog-post on Tuesday.

Furthermore, introducing more disability-themed emojis, Apple keyboards would now have a new guide dog, an ear with a hearing aid, wheelchairs, a prosthetic arm and a prosthetic leg as well.

disability-themed emojis
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

“Celebrating diversity in all its many forms is integral to Apple’s values and these new options help fill a significant gap in the emoji keyboard,” the post said.

ALSO READ: Apple Watch Saves Man from Drowning

Other new emojis making way into Apple keyboard includes a new smiley face for yawning, a one-piece swimsuit, new food items including a waffle, falafel, butter and garlic as well as new animals like the sloth, flamingo, orangutan and skunk. The new emojis would be made available this fall with a free software update on Apple devices. (IANS)