Earnings watch: Apple, Amazon, and Meta reports to set market tone February 1, 2024 Earnings reports from tech titans Apple Inc, Amazon.com, and Meta Platforms Inc, slated for Thursday, are poised to steer stock movements this week.
Apple faces second downgrade, shares hit eight-week low January 5, 2024 Apple is grappling with a challenging start to the new year as concerns about iPhone sales lead to a second downgrade within just one week. Piper Sandler’s recent rating downgrade caused a substantial drop in Apple’s shares, hitting an eight-week low on Thursday. Harsh Kumar from Piper Sandler & Co. has downgraded his rating on [...]
Apple supplier Foxconn cautious despite beating earnings forecasts August 14, 2023 Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector – but the firm retained a cautious outlook for this year due to global economic uncertainties. The world’s largest contract electronics maker downgraded its outlook for full-year revenue to a slight decline from a previous guidance of flat as it [...]
Apple races to salvage watch business amid US ban threat December 19, 2023 Apple engineers are racing to modify the software which powers the company's smart watches as the US looks to ban the products.
Apple’s first reported revenue drop in four years adds to tech woes with Google also reporting a decline in sales February 3, 2023 Apple posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone . The company’s sales of $117bn (£96bn) between October and December period were down five per cent on the same quarter the previous year, a deeper downturn than analysts had projected. [...]
Apple cut at least 600 employees when it ditched its car project April 5, 2024 Apple's layoffs affected employees across various California addresses, with most from sites linked to the company's now-defunct car unit dubbed Project Titan.
Apple sued by US justice department over antitrust law violation claims March 21, 2024 The US Justice Department has launched an antitrust lawsuit against tech giant Apple over allegations of the company violating antitrust laws. The lawsuit was filed to a federal court in New Jersey, in addition with 16 State Attorney Generals, along with the District of Columbia. The Department of Justice held a press conference on Thursday [...]
Apple reveals iPhone 15 amid stock price struggles September 12, 2023 Apple is trying to clamber back from a share price topple last week and grapple with falling global phone demand with the reveal of its latest innovations in California.
EU takes a bite out of Apple with £1.6bn antitrust fine March 4, 2024 The European Commission has fined Apple €1.84bn (1.57bn) for favouring its own music streaming app over rivals.
Apple faces major UK investor rebellion over lack of AI transparency February 25, 2024 Legal & General Investment Management and Abrdn are planning to challenge Apple's AI disclosure practices at its upcoming annual meeting.