Monday December 9, 2019
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Apple Loses $60bn Over Reports Of Weak Smartphone Demand in 2018

Apple suffers a huge loss due to low smartphone demand in 2018

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First 5G iPhone to hit the stores in 2020: Report. Pixabay

Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor, Apple’s biggest supplier, said in an earnings update that second-quarter revenues would be hit by “weak demand from the mobile sector”.

Apple shares fell nearly seven per cent on Thursday and Friday over reports of a sharper slowdown in smartphone sales this year, Financial Times reported late on Friday.

Not just Apple, the news led to several global chipmakers losing market valus, including Analogue Devices, Dialog Semiconductor, Qualcomm and Qorvo.

For the first time since 2009, smartphone sales in China fell last year while global sales fell in the fourth quarter of 2017 for the first time since 2004.

Tim Cook
Tim Cook. Wikimedia Commons

In another setback for the iPhone maker, its efforts to get LG Display’s OLED screens for future iPhone production line “have hit manufacturing issues”, the Wall Street Journal reported on Friday.

Apple is reportedly divided on whether LG will be able to succeed as Samsung’s replacement for OLED displays.

The Cupertino-based company currently uses Samsung’s OLED displays for iPhone X.

The LCD panels which are currently being used in the iPhone 8 and iPhone 8 Plus are supplied by LG. Apple Watch screen is made by LG Display.

Also Read: Apple Marks Earth Day With Donations

There are reports that Apple is designing and producing its own device screens, secretly at a facility near its headquarters in California.

It is believed that Apple will switch to OLED displays for all of its iPhone releasing in 2019.  IANS

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Users to be Able to Order Apple’s New Mac Pro Soon

In terms of specifications, the all-new Mac Pro boasts up to 28-core Intel Xeon processors, up to 1.5TB of ECC RAM, up to 4TB of SSD storage along with up to AMD Radeon Pro Vega II Duo graphics with 64GB of HBM2 memory

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An Apple company logo is seen behind tree branches outside an Apple store in Beijing, Dec. 14, 2018. VOA

Apple’s all-new Mac Pro and Pro Display XDR will be available for pre-orders starting December 10 in the US, according to an email that the iPhone maker has sent out to customers.

The email was spotted by popular YouTuber Marques Brownlee on Twitter, The Verge reported.

The company first announced the new Mac Pro as well as the Pro Display XDR in June at the annual Worldwide Developers Conference.

According to the media reports, the company had originally announced that the Mac Pro and Pro Display XDR would be available sometime “this fall”. The email revealed on Saturday is the first confirmation of an actual date.

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iPhones are on display at an Apple store in Prince William Country, Virginia. (Photo: Diaa Bekheet) VOA

Notably, Apple’s annoucement email just said that the Mac Pro and Pro Display XDR will be “available to order” on December 10 – given the fact that many users will likely be ordering custom configurations, shipping may take longer, the Verge reported.

The new Mac Pro starts at $5,999 while the Pro Display XDR starts at $4,999.

Also Read: 44 Million Users Using Leaked Passwords: Microsoft

The entry-level Mac Pro is set to cost $5,999, with 32GB of memory, an octa-core Intel Xeon CPU, Radeon Pro 580X graphics, and a 256GB SSD.

In terms of specifications, the all-new Mac Pro boasts up to 28-core Intel Xeon processors, up to 1.5TB of ECC RAM, up to 4TB of SSD storage along with up to AMD Radeon Pro Vega II Duo graphics with 64GB of HBM2 memory. (IANS)