'Apology Accepted, Apple!' - China (AAPL)
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April 2, 2013 6:50 AM EDT
Goldman Sachs removed Apple (NASDAQ: AAPL) from its Conviction Buy List and cut its price target from $660 to $575. They maintained a Buy rating.
In its downgrade, Goldman said Apple has not seen the market share and new user growth they had anticipated. In addition, they believe it will be hard for Apple to hit consensus expectations in the March... More
April 1, 2013 11:12 AM EDT
Below is the apology letter from Apple (NASDAQ: AAPL) CEO Tim Cook to Chinese customers (translated from Chinese)
To our Chinese consumers:
In the past two weeks, we have received a lot of feedback about Apple in China repair and warranty policy. We are not only a profound reflection on these views, together with relevant departments to carefully study the "Three Guarantees", and also look at our maintenance policy communication and combing our management specifications of Apple Authorized Service Provider. We are aware that, due to the lack of external... More
April 1, 2013 10:04 AM EDT
Apple (Nasdaq: AAPL) appears to be making even more headway in China.
Beijing-based Umeng Analytics Platform, cited by SiliconBeat, said that Apple iPad and iPad mini device sales represented 83 percent of the tablet sales in China. Google (Nasdaq:... More
