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Are Apple's glory days behind it? That's probably a stretch. But Wall Street clearly is getting more worried about the company's reliance on the iPhone to generate sales and profit at a time when demand for the newer phones appears to be subpar.Shares of Apple (AAPL) fell 3% Wednesday and that was one of the big reasons why the Dow, which includes Apple, fell 300 points. Apple's stock briefly dipped into bear market territory, meaning it was down more than 20% from its all-time high.The reason for the Apple slide? Several companies that produce chips and other components used in iPhones have all issued gloomy forecasts recently, citing sluggish demand for higher-end smartphones.Although none of these companies, which include Qorvo (QRVO), Lumentum (LITE), Japan Display and IQE, have named Apple as the source of their woes, they are all Apple suppliers.But it may not be time to throw in the towel on Apple just yet, even though some analysts are cutting their price targets and earnings estimates due to concerns about soft sales for the newer iPhone XR, iPhone XS and iPhone XS Max.Apple's stock is still up more than 10% this year, making it one of the better performers in the Dow. The company is still worth nearly 0 billion. It remains the most valuable company in the world.Apple also continues to pay a solid dividend that yields 1.5% -- and the company is likely to keep raising its dividend thanks to its cash stockpile of 7.1 billion.What's more, Apple's earnings are expected to increase by more than 13% this fiscal year and keep growing at about a 12% clip annually, on average, for the next few years.So predictions of an Apple iPocalypse, if you will, may be premature. But it does seem like the company needs a new product to get consumers and investors excited again.Perhaps Apple needs to take a cue from the movie "This Is Spinal Tap" and release a new iPhone that goes to eleven. But would it be the iPhone 11 or iPhone XI? 1969
An Ohio man slated to be executed on Wednesday will be allowed to use a special wedged-shape pillow as he is put to death by lethal injection, the Columbus Dispatch reported. Alva Campbell, 69, will lie on the pillow as a three-drug cocktail will be administered to execute Campbell after he was convicted for the kidnapping and killing of an 18-year-old Columbus man. Campbell was on parole at the time after being charged with aggravated murder from a 1972 killing. According to the Dispatch, Campbell has pulmonary problems and it is difficult for him to lie flat without choking.Last week, Ohio Gov. John Kasich said that he would not put a stop to the execution, despite a clemency request by Campbell's attorney.Campbell has also requested to be executed by firing squad, citing that a prison nurse was unable to find a suitable vein for an IV. A federal judge ruled out that as an option for Campbell. The Dispatch reported, citing court records, that Campbell uses a walker, relies on an external colostomy bag and requires four breathing treatments a day. He also may have lung cancer. 1173
As investigators piece together what caused the limo crash that killed 20 people in upstate New York, more details are coming out about the 17 passengers, who had gotten together to celebrate a birthday.Authorities have not released all of the victims names, but the close-knit group were newlyweds, artists, athletes and young parents. Four were sisters.The limo failed inspection. And the driver wasn't properly licensed."Everyone's lives were cut way too short, and I don't know what to say about it. It just hurts," Karina Halse told CNN on Monday while visiting the scene of the accident where her older sister, Amanda Halse, was killed.Here's what we know about the victims: 688
An engineer for the company that designed a pedestrian bridge that collapsed Thursday, killing at least six people, left a voice mail two days earlier for a Florida Department of Transportation employee advising there was "some cracking that's been observed on the north end of the span."The state employee was out on assignment Tuesday and didn't hear the voice mail from W. Denney Pate of FIGG Bridge Engineers until he returned to the office Friday, the DOT said. 474
An additional 13 sets of human remains were discovered Monday in Northern California, bringing the death toll from the Camp Fire to 42, making it the deadliest wildfire in the state's history, the sheriff of Butte County said.The increased death toll comes as first responders continue battling blazes on both ends of the state, bringing the statewide toll to 44.They are fighting fierce winds to contain the Woolsey Fire and save lives and homes in populous Southern California. Meanwhile, harrowing stories of nightmarish escapes from burning homes and cars are trickling out of the rural northern part of the state, where firefighters made progress Monday in containing the Camp Fire, which also is the most destructive fire in state history. 753