China ban could reduce Apple earnings per share by 29%: Goldman Sachs
Apple Inc.'s AAPL, +1.92% per-share earnings are at risk of shrinking by about 29%, or $3.35, if its products are banned in China in retaliation for measures taken by the U.S. government against Huawei, Goldman Sachs said Wednesday. "This represents 100% of estimated Apple earnings exposure to Mainland China and Hong Kong combined with some offset assumed for Sales & Marketing cost savings," analysts led by Rod Hall wrote in a note to clients.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2019 Disruptor 50: No. 29 Virta HealthVirta Health was launched with the goal of reversing type 2 diabetes in 100 million people by 2025. Disruptor50
Read more »
29 Products For Anyone Who'd Rather Be ReadingRaise your hand if you've cancelled plans because your book is too good to put down.
Read more »
29 Cool And Random Things You Can Probably AffordI see it, I like it, I want it, I got it!
Read more »
29 Products For People Who Refuse To Ever Check A BagPack everything and STILL pass the dreaded ~size check~.
Read more »
This 29-year-old makes six figures a year as a professional cosplayerStella Chuu has been a professional cosplayer for three years. She attends 20 comics conventions a year, dressing up as characters from movies, video games and comic books.
Read more »
Apple shares fall as Instinet cuts stock price target on China trade tensionsApple Inc. shares slid 1.5% in premarket trade Friday, after Instinet lowered its stock price target to $175 from $180 citing concerns about China trade...
Read more »
Nipsey Hussle shooting suspect Eric Holder indicted for death of rapper, heads to trialA grand jury indicted Eric Holder for the shooting death of rapper Nipsey Hussle, the Los Angeles County District Attorney’s Office announced.
Read more »
Bucks come alive in fourth quarter to rally past Raptors in Game 1Brook Lopez poured in 29 points to lead the Bucks, including crucial baskets in the fourth quarter and Milwaukee superstar Giannis Antetokounmpo added 24 points in the win.
Read more »
Bucks finish with a flourish, rally to top Raptors 108-100Lopez scores 29, Bucks finish with a flourish and rally to beat Raptors 108-100 in Game 1 of East finals
Read more »