Browsing: Apple

Apple’s Chinese smartphone shipments plummeted an estimated 20% in 2018’s final quarter, underscoring the scale of the iPhone maker’s retreat in the world’s largest mobile device market.

Apple investors are likely looking for the company to use its massive cash pile to make acquisitions, and names like Netflix, Activision Blizzard and Sonos are among those JPMorgan sees as strong strategic fits.

Apple has suggested it could lower iPhone prices in response to falling sales. CEO Tim Cook said Apple is starting to adjust its pricing in some countries in response to currency valuation changes around the world.