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Friday, December 28, 2018

Citi cuts Q1 iPhone production estimates on weak demand

Citi Research on Friday slashed its first-quarter production estimates for Apple Inc's iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.


from Reuters: Technology News https://reut.rs/2AjAiQb

Tesla names Oracle's Ellison to board, ending U.S. charges

Tesla Inc on Friday named two independent board directors, including Oracle Corp co-founder Larry Ellison, to fulfill a September deal that resolved federal charges that arose from Chief Executive Elon Musk's tweet about taking the electric carmaker private.


from Reuters: Technology News https://reut.rs/2LIftCs

Tesla names Larry Ellison, Walgreens executive to board

Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence that followed Chief Executive Elon Musk's tweet about taking the electric carmaker private.


from Reuters: Technology News https://reut.rs/2CEznv7