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Apple stock downgraded as Barclays warns on cooling iPhone demand

BLOOMBERG Apple Inc got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Shares fell 3.6% on January 2, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in market value. Barclays analysts led by Tim Long cut their rating on ...

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Samsung places AI at forefront as 2024 phone launches kick off

BLOOMBERG The world’s most prolific smartphone maker is leaning into artificial intelligence as the key to unlocking greater sales this year. Samsung Electronics Co announced it plans to launch its next flagship device on January 17 in San Jose, California — likely to be known as the Galaxy S24 — with a livestreamed event. The teaser to the launch promises ...

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Atos in early talks to sell cybersecurity business to Airbus

BLOOMBERG Airbus SE is weighing the purchase of Atos SE’s cybersecurity and data unit in a deal that would value the business at as much as €1.8 billion ($2 billion) including debt and help the embattled French software company raise funds. The European planemaker is in early talks for Atos’s big data and security unit to speed up its digital ...

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