Apple’s iTunes Store—already struggling against growing competition for music listeners—is losing the battle for video viewers. The company’s market share for renting and selling movies has slid over the past decade.
Bank of America Merrill Lynch lowered its estimates for Apple’s iPhone shipments by 11 million for the year, the latest Wall Street firm to expect delays.
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.