FT News Briefing Wednesday, May 1
May 1, 2019
Apple's optimistic forecast hints at a recovery in iPhone sales, while Trump shifts his stance on trade talks with China. In a historical moment, Japan welcomes its first modern monarch, Crown Prince Naruhito. Meanwhile, Venezuela faces escalating unrest as Juan Guaidó calls for an uprising against Maduro. Clashes erupt between protesters and security forces, highlighting a deepening political crisis that draws international scrutiny and raises uncertainty about Venezuela's future.
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Apple's Rebounding Revenue
- Apple forecasts a quicker revenue rebound after a six-month decline, driven by recovering iPhone sales and growth in other areas.
- Despite this, iPhones now make up less than 54% of Apple's total revenue, down from 62% a year prior.
Trump Concedes on Cyber Intrusion Demand
- President Trump softened his stance on Chinese cyber intrusions to reach a trade deal.
- This concession aims to finalize the trade negotiations, which began last July.
Japan's New Emperor
- Crown Prince Naruhito is Japan's first modern emperor, raised by family and educated abroad.
- Japan celebrates his ascension with a 10-day holiday, raising concerns about potential market disruptions.