U.S. light-vehicle sales regained momentum in April as cheap credit, low gasoline prices and rising consumer confidence helped drive more buyers to showrooms. Fiat Chrysler and Ford sales rose, while GM slipped on a fleet-business pullback.
As Apple’s recent share-price travails show, the tech giant needs to be about more than just the iPhone. But the company faces challenges in trying to diversify its business. In that regard, the performance of the Apple Watch is telling.