Afternoon Coffee: Apple Staffing is Retooled for Life after iPhone; Ivalua Details 2018 Growth Stock

Apple has made some key hires and put new people in place to run divisions that the company hopes will diversify the business and make it less dependent on iPhone sales, The Wall Street Journal reports.

Changes have been seen in services, artificial intelligence, hardware and retail divisions, the Journal reports.

“This is a sign the company is trying to get the formula right for the next decade,” Gene Munster, a longtime Apple analyst and managing partner at venture-capital firm Loup Ventures, told the Journal. “Technology is evolving, and they need to continue to tweak their structure to be sure they’re on the right curve.”

Ivalua Looks at 2018, 2019

Ivalua, a provider of spend management solutions, announced that in 2018 its overall revenue growth exceeded 50% and the company again maintained profitability.

It said “2019 revenue is expected to continue to grow rapidly and exceed $100 million.”

The announcement also championed Ivalua’s high customer retention, its global reach, new products and innovation investment. “Ivalua invested heavily to accelerate its already significant level of innovation, increasing R&D resources by 94%,” it said.

The announcement said the number of partner-certified consultants and engineers more than doubled in 2018, and Ivalua’s ecosystem of partners now consists of 32 across the globe.

Trump Adding Car Tariffs on EU?

A confidential U.S. Commerce Department report that was given to President Donald Trump over the weekend could clear the way for him to impose auto tariffs of up to 25% on Europe, Reuters reports.

European Commission President Jean-Claude Juncker said Trump promised him that no tariffs would be levied, but Juncker said if tariffs did come, Europe would be ready to respond.

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