Apple’s three-phone strategy yields mixed results for holidays
Apple’s plan to roll out iPhone X alongside 8 and 8 Plus shows higher prices buffering slower sales. Production cuts to 20 million units and weak demand in China cloud the outlook, though analysts expect a revenue rise to about 87.4 billion in the December quarter. High prices may sustain investor optimism despite softer volume.
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Market volatility returns after calm stretch on Wall Street
Dow tumbles over 400 intraday, closing down 363 points at 26076.89 amid back to back losses not seen since 2016. S&P 500 also slides 109 percent, ending a 112 day run without a 1% drop. Investors brace for a potentially bumpier year as traders weigh the risk of multiple drawdowns ahead.
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McDonald’s plans 1000 new stores and upgrades worldwide
McDonald’s aims to open about 1000 new stores globally and accelerate self order systems and other upgrades as momentum continues. Fourth quarter sales rose on McPick 2 options and Buttermilk Crispy Tenders with strong response to the Dollar Menu revival before January. The company reported 37,000 locations, 5.5 percent U.S. growth at stores open a year, and plans to invest 2.4 billion in 2018 upgrades. CEO Easterbrook cited renewed market share and delivery demand as drivers of growth.
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