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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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108.485 USD   -5.93%
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Chevron asks employees to delete WeChat after U.S. ban - Bloomberg News

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09/23/2020 | 05:22am EDT
FILE PHOTO: Illustration picture of Wechat app on a mobile phone

U.S. oil giant Chevron Corp has asked employees globally to delete Tencent Holdings Ltd's WeChat from their work phones, following the Trump administration's executive order to ban the social media app, Bloomberg News reported on Wednesday.

A U.S. judge on Sunday blocked a government order requiring Apple Inc and Alphabet Inc's Google to remove WeChat for downloads on national security grounds.

The U.S. Commerce Department said on Monday it would challenge the order.

WeChat is an all-in-one mobile app that combines messaging, social media, payment functions and other services and boasts more than a billion users globally.

Chevron, in a staff email, identified WeChat as a "non-compliant application" and asked those with the app on their work handsets to delete it before Sept. 27 or face disconnection from the company's network, according to the Bloomberg report.

Chevron and Tencent, which has denied its apps pose a national security risk, did not immediately respond to requests for comment.

The United States has launched a series of measures in recent months cracking down on Chinese tech firms and apps, as the world's two largest economies butt heads on issues ranging from trade and technology to the handling of the COVID-19 pandemic.

(Reporting by Rama Venkat in Bengaluru; Editing by Ramakrishnan M.)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 4.19% 1624.9 Delayed Quote.16.24%
APPLE INC. -5.84% 108.6 Delayed Quote.57.09%
CHEVRON CORPORATION -0.48% 68.625 Delayed Quote.-42.91%
LONDON BRENT OIL -0.32% 37.64 Delayed Quote.-38.33%
TENCENT HOLDINGS LIMITED -2.31% 591 End-of-day quote.57.35%
WTI -2.53% 35.345 Delayed Quote.-36.69%
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Financials (USD)
Sales 2020 273 B - -
Net income 2020 56 825 M - -
Net cash 2020 72 447 M - -
P/E ratio 2020 35,6x
Yield 2020 0,69%
Capitalization 1 958 B 1 958 B -
EV / Sales 2020 6,91x
EV / Sales 2021 6,00x
Nbr of Employees 137 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 124,02 $
Last Close Price 115,32 $
Spread / Highest target 30,1%
Spread / Average Target 7,55%
Spread / Lowest Target -30,6%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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