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Tag Archives: Nikkei

Apple to Halve iPhone X Production Target: Report

Apple will halve its iPhone X production target for the first three months of the year to around 20 million units, Nikkei reported on Monday, sending its shares down 1.6 percent. The report added to growing concerns about weak sales of the $999 (roughly Rs. 63,600) phone, making investors jittery about the company’s financial outlook when it reports first-quarter results on Thursday. Apple’s ... Read More »

Record high on Wall Street lifts Asian spirits

SYDNEY: Asian stocks got off to an encouraging start on Monday after strong results from the likes of Microsoft drove Wall Street to another record closing high, while the safe-haven yen slipped in thin early trade. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, steadying after last week’s 1.1 per cent slide — the biggest ... Read More »