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Here's how Chinese consumers feel about Apple amid the trade war

Yahoo Finance, AAPL - Thu, 05/23/2019 - 13:10
Walter Piecyk, managing director at BTIG, joins "Squawk Box" to discuss the repercussions of the trade war that may be impacting Apple.

Man Who Tricked Apple into Replacing 1,500 Fake iPhones Pleads Guilty to Trafficking Counterfeit Goods

MacRumors - Thu, 05/23/2019 - 12:52
A Chinese man on Wednesday pleaded guilty in Oregon to one count of trafficking in counterfeit goods, after he managed to trick Apple into replacing hundreds of fake iPhones with authentic handsets through its warranty program (via Bloomberg).

Quan Jiang, 30, a former engineering student at a community college in Albany, Oregon, sent around 3,000 counterfeit devices to Apple, via one of the state's three Apple stores or online. Jiang used fake names and claimed the iPhones wouldn't turn on and should be replaced under warranty.

Apple replaced almost 1,500 of the fake handsets with authentic iPhones, each with an approximate resale value of $600 on the Chinese market, where counterfeit Apple products are a big problem.

Apple only realized something was afoot as early as June 30, 2017, when its legal counsel sent Jiang a "cease and desist" letter to an address in Corvallis where 150 of the warranty claims had originated.

Apple's lawyers said that's when the company knew he was importing counterfeit Apple products, according to comments made by Homeland Security Investigations Special Agent Thomas Duffy in a court document.
"Submission of an iPhone that will not power on is critical to perpetuating iPhone warranty fraud, as the phone will not be able to be immediately examined or repaired by Apple technicians, triggering the Apple iPhone replacement process as part of its product warranty policy," Duffy wrote, quoting Apple brand protection representative Adrian Punderson.According to the U.S. Attorney's Office for the District of Oregon, between January 2016 and February 2018, Jiang was the recipient of multiple packages containing as many as 20 to 30 inoperable, counterfeit iPhones from partners in Hong Kong.

After delivering the genuine replacements, Jiang's associate would pay Jiang's mother, who lives in China, who would then deposit the money into Jiang's bank account.

Apple is said to have rejected 1,576 warranty claims associated with Jiang, but the 1,493 claims that resulted in replacement iPhones being delivered by Apple represented an $895,000 loss to the company, according to court documents.

Jiang will be sentenced on August 28 and faces a maximum sentence of 10 years in prison, a $2 million fine or twice his proceeds, whichever is greater. Bloomberg reports that the U.S. Attorney's office will recommend a prison sentence of three years and at least $200,000 in restitution to Apple, under a plea agreement, provided Jiang also forfeits his 2015 Mercedes-Benz CLA 250 coupe.

This article, "Man Who Tricked Apple into Replacing 1,500 Fake iPhones Pleads Guilty to Trafficking Counterfeit Goods" first appeared on MacRumors.com

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A Dozen Stock Dividend Champions

Yahoo Finance, AAPL - Thu, 05/23/2019 - 12:00
The companies that paid out the most cash in the first quarter range from Australia’s BHP Group to Apple. Large dividend outlays often signal a company’s underlying strength, but investors can’t rely on that entirely.

Dow Futures Slide on Trade and Political Risks; Europe Slumps as Elections Begin

Yahoo Finance, AAPL - Thu, 05/23/2019 - 11:48
Global stocks slide as investors hunker down for a prolonged U.S.-China trade dispute after Treasury Secretary Steve Mnuchin says no talks scheduled with officials in Beijing. Panasonic and Toshiba join a growing list of companies supporting the U.S. blacklisting of Huawei, adding a new dimension in tensions between Washington and Beijing. European stocks trade lower as the region's four-day elections begin in Britain, while Prime Minister Theresa May clings to power following a high-level cabinet resignation last night.

Apple, Tesla Iced in US-China Tech Cold War as Huawei Blacklist Raises Concerns

Yahoo Finance, AAPL - Thu, 05/23/2019 - 11:36
shares extended declines in pre-market trading Thursday, while Tesla Inc. China's Commerce Ministry said Thursday U.S. actions have increased the risk of a trade war, as well as a global economic recession, and cautioned that Beijing will take any needed steps in order to protect the interest of Chinese firms. "It's clear that China will attempt to minimise its reliance on foreign countries to provide critical hardware and software," said ING's Asia economist Iris Pang.

Apple Registers Eleven New iPhone Models in Eurasian Database

MacRumors - Thu, 05/23/2019 - 11:26
Apple has registered eleven unreleased iPhone models in the Eurasian Economic Commission database this week, including models A2111, A2160, A2161, A2215, A2216, A2217, A2218, A2219, A2220, A2221, and A2223, according to the Indian blog MySmartPrice.

The filings are legally required for any encrypted devices sold in Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

These models likely represent Apple's refreshed iPhone line-up expected to debut in September 2019. Rumors suggest the successors of the iPhone XS, iPhone XS Max, and iPhone XR will again be 5.8 and 6.5-inch OLED iPhones along with a 6.1-inch LCD iPhone, respectively.

Rumors suggest the 5.8 and 6.5-inch iPhone XS and XS Max successors will feature triple-lens cameras while the LCD iPhone will use a dual-lens camera setup.

Otherwise, the 2019 iPhone lineup is expected to look similar to the Apple's current smartphones, but Apple may be planning to use a new frosted glass design for the back of the 5.8 and 6.5-inch devices. The 6.1-inch iPhone, meanwhile, could come in new lavender and green shades.

We don't yet know what Apple will call the new iPhones, but iPhone XI or iPhone 11 are possibilities for the iPhone XS successors.

The EEC filings reveal all the new devices that have been added to the database run on iOS 12, although iOS 13 is likely to be available this fall as a free software update. Apple is expected to unveil all the new features coming with its updated mobile OS at WWDC in June.

Eurasian Economic Commission filings like these have foreshadowed the release of new Apple products on numerous occasions, including multiple iPad models, the iPhone 7 and iPhone 7 Plus, Apple Watch Series 2 and Series 4, AirPods, the 2018 MacBook Pro with Touch Bar, and several other devices.

Related Roundup: 2019 iPhonesTag: Eurasian Economic Commission
This article, "Apple Registers Eleven New iPhone Models in Eurasian Database" first appeared on MacRumors.com

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against American Renal, Apple, Intersect, and Momo and Encourages Investors to Contact the Firm

Yahoo Finance, AAPL - Thu, 05/23/2019 - 11:20
NEW YORK, May 23, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of American Renal.

Podcast: Target Stock Rallies 8% Because Earnings Were Strong

Yahoo Finance, AAPL - Thu, 05/23/2019 - 11:01
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: The Average Return for Equity Hedge Funds Was 8% —in the first quarter. It’s significantly short of the S&P 500’s 15% rise over the same period.

Prospect - Zeek Earl & Chris Caldwell

Top Movies - Thu, 05/23/2019 - 08:48
A teenage girl and her father travel to a remote alien moon, aiming to strike it rich. They've secured a contract to harvest a large deposit of the elusive gems hidden in the depths of the moon's toxic forest. But there are others roving the wilderness and the job quickly devolves into a fight to survive. Forced to contend not only with the forest's other ruthless inhabitants, but with her own father's greed-addled judgment, the girl finds she must carve her own path to escape. Prospect 152735.0 Zeek Earl & Chris Caldwell $9.99 $0.99 https://is1-ssl.mzstatic.com/image/thumb/Video118/v4/3d/9c/be/3d9cbe82-8ee2-8f82-e9bf-8cc3b4b350f4/PROSPECT_2000x3000_v1.jpg/39x60bb-85.png https://is1-ssl.mzstatic.com/image/thumb/Video118/v4/3d/9c/be/3d9cbe82-8ee2-8f82-e9bf-8cc3b4b350f4/PROSPECT_2000x3000_v1.jpg/39x60bb-85.png https://is2-ssl.mzstatic.com/image/thumb/Video118/v4/3d/9c/be/3d9cbe82-8ee2-8f82-e9bf-8cc3b4b350f4/PROSPECT_2000x3000_v1.jpg/113x170bb-85.png © 2018 Bakhorma LLC 2018-11-02T00:00:00-07:00

China has more weapons in US tariff war _ but do they work?

Yahoo Finance, AAPL - Thu, 05/23/2019 - 07:06
Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths — exotic minerals used in electric cars, mobile phones and other technology. Rare earths are "an important strategic resource," the official Xinhua News Agency cited Xi as saying. The message was clear: China's role as the main global supplier of rare earths used in smartphones, lightweight magnets, batteries and other components is leverage over Washington.

Being ‘Mac-like’

Mac Daily News - Thu, 05/23/2019 - 05:26

Steve Troughton-Smith writes for highcaffeinecontent.com, “With the rapidly-upcoming introduction of UIKit apps to the Mac, I’ve been reminiscing on Twitter quite a bit about Apple’s transition to Mac OS X, and just how NEXTSTEP and Mac OS found common ground despite being two very different OSes both architecturally and from a design standpoint.”

“For Mac OS X to actually work as a successor to Mac OS for Apple’s customers, they were going to have to gut it and start over,” Troughton-Smith writes. “The solution? Apple was going to port the legacy Mac OS toolbox into a new compatibility library, called Carbon, and make it the linchpin of the consumer Mac OS X experience.”

“Apple needed to show developers that Carbon was going to be a real and valid way forward, not just a temporary stopgap, so they committed to using Carbon for the Mac OS X Finder,” Troughton-Smith writes. “The Carbon version of Finder was introduced in Mac OS X Developer Preview 2, before Aqua was revealed; it acted a bit more like NeXT’s, in that it had a single root window (File Viewer) that had a toolbar and the column view, but secondary windows did not. At this stage, Apple didn’t quite know what to do with the systemwide toolbars it had inherited from NEXTSTEP.”

“Mac OS X shipped to consumers in 2001,” Troughton-Smith writes. “It had taken Apple four years to find the new ‘Mac-like’, and this is the template Mac OS X has followed ever since. Here we are, eighteen years later, and all of the elements of the Mac OS X UI are still recognizable today. So much of what we think of the Mac experience today came from NEXTSTEP, not Mac OS at all. AppKit, toolbars, Services, tooltips, multi-column table views, font & color pickers, the idea of the Dock, application bundles, installer packages, a Home folder, multiple users; you might even be hard-pressed to find a Carbon app in your Applications folder today (and Apple has announced that they won’t even run in the next version of macOS).”

Finder on Mac OS X (Carbon, 2001)

Finder on Mac OS X (Carbon, 2001 via highcaffeinecontent.com)

“I’m sure we will have great, genre-defining apps from both UIKit and AppKit on the Mac. With Carbon, we had iTunes, Photoshop, Microsoft Office and Final Cut Pro. Eighteen years on, Carbon is finally reaching its end date, and the transition of all these apps to Cocoa/AppKit is complete. If AppKit still has eighteen years left ahead of it, I think the Mac will be just fine,” Troughton-Smith writes. “Both classic Mac OS and NEXTSTEP came to an end; the Mac did not.”

Read much more, and see all of the screenshots, in the full article – very highly recommendedhere.

MacDailyNews Take: The ever-evolving Mac, as long as it retains its “Mac-ness,” is indomitable.

Yes, get ready for some growing pains that run the gamut all the way up to severe from non-Mac developers bringing their wares to the Mac for the first time. But, this’ll be fun – we promise! The Mac is all about experimenting and trying new things and, anyway, over time, it’ll all shake out and we’ll be back to quality apps that look, act and work as longtime Mac users expect. — MacDailyNews, May 8, 2019

Think code convergence (more so than today) with UI modifications per device. A unified underlying codebase for Intel, Apple A-series, and, in Apple’s labs, likely other chips, too (just in case). This would allow for a single App Store for Mac, iPhone, and iPad users that features a mix of apps: Some that are touch-only, some that are Mac-only, and some that are universal (can run on both traditional notebooks and desktops as well as on multi-touch computers like iPhone, iPad, iPod touch, and – pretty please, Apple – Apple TV). Don’t be surprised to see Apple A-series-powered Macs, either.MacDailyNews Take, January 9, 2014

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Apple’s Project Marzipan could mean big things for the future of the Macintosh – February 20, 2019
Apple’s Project Marzipan targeted to combine iPhone, iPad and Mac apps by 2021 – February 20, 2019
An enterprise take on Apple’s ‘Project Marzipan’ – January 11, 2019
Apple’s initial macOS Mojave Marzipan apps are ugly ducklings – September 25, 2018
Marzipan in Mojave: Porting developer iOS apps to macOS – June 13, 2018
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Craig Federighi doesn’t see a touchscreen Mac in the future – June 6, 2018
Apple’s Craig Federighi details how iOS apps will run on Macs – June 5, 2018
How Apple might approach an ARM-based Mac – May 30, 2018
Will the 2019 Mac Pro be powered by an Apple ARM-based chip? – April 6, 2018
Project Marzipan: Can Apple succeed where Microsoft failed? – December 21, 2017
Apple is working to unite iOS and macOS; will they standardize their chip platform next? – December 21, 2017
Why Apple would want to unify iOS and Mac apps in 2018 – December 20, 2017
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On the future of Apple’s Macintosh – February 6, 2017
Apple’s Craig Federighi explains why there is no touchscreen Mac – November 1, 2016

Qualcomm is tossed back into the uncertainty that the Apple settlement seemed to cure

Yahoo Finance, AAPL - Thu, 05/23/2019 - 03:38
Earlier this month, Qualcomm investors thought some of the chip maker’s legal issues were abating after the company’s big agreement with Apple, but on Wednesday, the company was seen as having more uncertainty after a federal court ruling.

Fly Your Name on the Mars 2020 Rover

The MacObserver - Thu, 05/23/2019 - 02:48

NASA explains:

Although it will be years before the first humans set foot on Mars, NASA is giving the public an opportunity to send their names — stenciled on chips — to the Red Planet with NASA’s Mars 2020 rover, which represents the initial leg of humanity’s first round trip to another planet.

“From now until Sept. 30, you can add your name to the list and obtain a souvenir boarding pass to Mars here:


read more

Chinese man guilty of defrauding Apple out of 1,500 iPhones

Yahoo Finance, AAPL - Thu, 05/23/2019 - 02:07
SALEM, Ore. (AP) — Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn't turn on and should be replaced under warranty. He didn't just submit a couple of the devices -- he delivered in person or shipped to Apple around 3,000 of them.

Cramer Remix: Owning Apple may get rocky, so hold on tight

Yahoo Finance, AAPL - Thu, 05/23/2019 - 02:05
Jim Cramer reiterates that investors should own Apple, not trade it, but cautions that the stock could be hurt by trade tensions.

Cramer Remix: Owning Apple may get rocky, so hold on tight

Yahoo Finance, AAPL - Thu, 05/23/2019 - 02:05
"You need to strap yourself to the mast if you're gonna hold onto this one, as we've done for my charitable trust," CNBC's Jim Cramer says. Apple's supply chain is deeply embedded in China, and Goldman says they can't move their production any time soon," the "Mad Money" host says. "So if the Communist Party does anything to limit iPhone production ... the consequences could be serious, especially with the next iteration set to come out this fall," he says.

Brexit and Blacklists Baffle Market Bulls

Yahoo Finance, AAPL - Thu, 05/23/2019 - 01:46
More potential blacklists put tech stocks at risk as Brexit shenanigans keep pushing the pound lower.

Is it time to revive the rumors that Apple will buy Tesla? Here’s why one expert thinks so

Yahoo Finance, AAPL - Thu, 05/23/2019 - 01:46
The bad news seems to keep on coming for Tesla Inc., and one expert says this is the year the electric-car company “comes undone” — and maybe gets bought by Apple Inc.

Jim Cramer: How Much China Is Too Much China?

Yahoo Finance, AAPL - Thu, 05/23/2019 - 01:01
Everybody knows that Apple has plenty of exposure to China. This morning Goldman put out a piece saying that the max earnings sensitivity is 29%, meaning that Apple's annual total earnings per share exposure is about 29% or $3.35 a share.


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