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Teens don’t make friends with people who don’t have iPhones

Dennis Green for Business Insider It is by far the most popular device among teens and members of Generation Z, the tribe of 13- to 21-year-olds that comes after millennials. About 83% of teens surveyed in Piper Jaffray’s Taking Stock of Teens said they owned an iPhone. Some teens said they try not to include peers who own other kinds of devices on group texts. Piper Jaffray’s Taking Stock of Teens report also claims 86% of teens...

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Apple’s iOS dominates as mobile platform of choice for corporate America

“Piper Jaffray recently did a survey of 110 chief information officers across 10 different industries and found that Apple is gaining market share, as iOS is the preferred operating system for mobile in business,” Sibile Marcellus reports for Yahoo Finance. “‘iOS (Apple) maintained its significant share lead of mobile platforms supported with 50%, compared with closest competitor Android at 29%, down 5 [percentage...

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The last time Apple’s stock price fell this much, shares rallied 75 percent in 12 months

“When Apple was last this far from its highs, it had a massive surge over the next year,” Keris Lahiff reports for CNBC. “In May 2016, the stock had fallen 33 percent from 52-week highs. Over the following 12 months, it rallied 75 percent. Apple begins this week exactly as far from its record peak hit in October: 33 percent.” “Craig Johnson, chief market technician at Piper Jaffray, said the recent slump in Apple echoes...

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New iPhone XP sales may be showing some signs of weakness, but that might be good news for Apple

“Is interest in the new iPhone XS and iPhone XR smartphones weaker than for previous releases?” Adrian Kingsley-Hughes writes for ZDNet. “The data we have suggests that there may be some signs of weakening, but that this might not be a bad thing. In fact, it might be good news for Apple.” “While only Apple has the real figures – and Apple won’t be disclosing unit sales in future financial statements – it’s...

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Foxconn posts weaker than expected rise in third-quarter profit

“Taiwan’s Foxconn posted a weaker than expected rise in quarterly profit amid warning signs from key customer Apple Inc and its global suppliers that demand for iPhones could be softening,” Reuters reports. “Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$24.88 billion ($805.52 million) for the third quarter on Tuesday, 12 percent short of analyst expectations.” “While this was the...

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Dow plunges 400 points as Apple leads tech retreat

“The Dow Jones Industrial Average fell 400 points on Monday after a big decline in Apple shares, a rise in the U.S. dollar and lingering worries about global trade weighed on investor sentiment. The tech-heavy Nasdaq Composite pulled back 2.2 percent and fell back into the correction territory it first entered during the October market rout,” Fred Imbert reports for CNBC. “The S&P 500 dropped 1.3 percent as financials...

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Apple’s iPhone continues reign as ‘dominant device brand’ among American teens

“Teens in the United States still love the iPhone, with a whopping 82% of teens in a recent study saying that they own one of Apple’s phones,” Kif Leswing reports for Business Insider. “But the study shows that Apple might even have more room to grow among American teens. 86% of teens surveyed said they think their next phone will be an iPhone,” Leswing reports. “Only 10% of teens surveyed said they planned to buy an...