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Tag: Apple


Finance Tech, Industries, Mobile Banking & Payments, Others

Apple and Amazon beat expectations but still see profits slip as inflation bites

July 29, 2022

Via: Sky News

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]


Finance Tech, Mobile Banking & Payments

EU Accuses Apple of Abusing Mobile-Payment Market Power

May 2, 2022

Via: The Wall Street Journal

European Union antitrust authorities on Monday charged Apple Inc. AAPL -2.46%▼ with abusing its dominant position by restricting access to the technology underpinning contactless payments on its mobile devices, adding to the bloc’s efforts to clamp down on alleged anticompetitive […]


Finance Tech, Mobile Banking & Payments

Apple could be working on a whole host of financial and banking tools

March 31, 2022

Via: TechRadar

Apple is reportedly working on a multi-year plan to develop its own payment processing technology and infrastructure in an effort to further build out its portfolio of financial products. As reported by Bloomberg, the move would allow the iPhone maker […]


Enterprise, Industries

Apple Takes Smartphone Lead in China, Helping Drive Record Profit

January 28, 2022

Via: The Wall Street Journal

Apple Inc.’s latest record holiday quarter came in part because of excitement for the iPhone 13 in China, where homegrown Huawei Technologies Co. has seen a decline in its market share following U.S. sanctions. Greater China revenue rose 21% to […]


Industries, Manufacturing

Apple shares tumble as iPhone 13 production reportedly slashed

October 13, 2021

Via: Sky News

Apple is going to make 10 million fewer devices than it had initially planned, reported Bloomberg News, due to the ongoing global shortage of computer chips. The expected impact on the company’s business caused Apple’s share price to go down […]


Finance Tech, Trading

At a $2 Trillion Market Value, Saudi Aramco Races Apple for Most Valuable Company

October 6, 2021

Via: Time

Saudi Aramco is close to claiming the prized position of the world’s most valuable company from Apple Inc. The Saudi state oil giant has soared on the back of higher energy prices, bringing its market value to $2 trillion, just […]


Enterprise, Industries

Globalstar soars 68% amid speculation that upcoming iPhone 13 will include its satellite technology

August 30, 2021

Via: Markets Insider

Shares of Globalstar popped as much as 68% on Monday amid ongoing speculation that its satellite-based technologies may be included in the upcoming iPhone 13. According to MacRumors, citing an analyst note from Ming-Chi Kuo of TFI Securities, Apple may […]


Capital, Finance Tech

Former Apple, Microsoft, Intel, and Square Security Leader Window Snyder Secures $2.5 Million Seed Investment to Launch Security Company Thistle Technologies

April 22, 2021

Via: Markets Insider

Thistle Technologies, a new security company addressing the connected device market, today announced $2.5 million in seed funding from True Ventures. Thistle was founded by Window Snyder, who formerly served as chief security officer at Square, Mozilla, and Fastly, in […]


Enterprise, Industries

Fisker and Lordstown Motors slide as Goldman Sachs downgrades the stocks on electric-vehicle industry competition

April 22, 2021

Via: Markets Insider

Shares of Fisker and Lordstown Motors dropped Thursday after Goldman Sachs downgraded the ratings of both electric-vehicle makers. The firm cited increasing competition and concerns about product timing. Fisker was cut to sell from a neutral rating, and its 12-month […]


Enterprise, Industries, Manufacturing

Daimler CEO expects ‘intense competition’ if Apple and Alibaba enter electric vehicle market

April 15, 2021

Via: CNBC

The chief executive of Germany’s Daimler believes the automaker will face stiff opposition from tech giants like Google, Apple and Alibaba if they decide to launch their own electric vehicles. While the tech giants are yet to start selling their […]


News

5 things to know before the stock market opens Friday

March 12, 2021

Via: CNBC

Nasdaq futures fell about 200 points or 1.5% on Friday, one day after the tech-heavy index soared 329 points, or 2.5%, on gains in the likes of Apple, Facebook and Google-parent Alphabet. However, as bond yields ticked back up Friday, […]


Finance Tech, Trading

Why this rate-driven sell-off is hitting tech stocks hardest

March 5, 2021

Via: CNBC

What’s behind the drop in tech stocks? A model Wall Street uses to value stocks is flashing caution. Tech stocks are in a correction. The Nasdaq 100, the largest 100 nonfinancial stocks in the Nasdaq, is 10% off the historic […]


Finance Tech, Trading

Stocks are off to a mixed start on Wall Street; yields rise

February 24, 2021

Via: ABC News

BANGKOK — Major indexes are off to a mixed start on Wall Street as gains for banks and industrial companies are offset by losses in Big Tech stocks like Apple and Amazon. The S&P 500 was down 0.2% in the […]


News

How water-resistant is the iPhone? Italian watchdog says Apple’s claims are overblown

November 30, 2020

Via: Fortune

Apple has been offering water-resistant iPhones for several years now, but are its protection claims actually justified? The Italian Antitrust Authority (AGCM) thinks Cupertino has been overstating the handsets’ water resistance. The agency, which is in charge of consumer protection […]


Enterprise, Industries

Apple’s $44 billion China market threatened by Trump WeChat ban

August 13, 2020

Via: Fortune

Apple spent years building China into a $44 billion growth driver. Then the U.S. president last week cast all that in doubt. IPhone loyalists across China are now reconsidering their attachment to the device after Donald Trump issued an executive […]


Enterprise, Industries

Apple beats on earnings and announces stock split, sending shares toward record high

July 31, 2020

Via: Market Watch

Apple Inc. brushed off the COVID-19 crisis to report record results Thursday, and the company said it plans to split its stock in an attempt to make it “more accessible to a broader base of investors.” Apple shares AAPL, +1.21% […]


Industries, Others

Apple and Samsung have topped the smartphone market for 9 years. Now there’s a new leader

July 30, 2020

Via: Fortune

China’s Huawei Technologies toppled Samsung in the second quarter to become the world’s largest smartphone company based on shipments, according to a report from Canalys, a market research firm. Huawei had already surpassed Samsung in monthly sales in April and […]


Finance Tech, Liquidity

The Fed reveals which companies make its corporate-bonds shopping list

June 29, 2020

Via: Fortune

The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of […]


Industries, News, Retail & Wholesale

Apple fined $1.2 billion by French antitrust regulators over anti-competitive supplier deals

March 16, 2020

Via: Fortune

Apple Inc. was fined a record 1.1 billion euros ($1.2 billion) by French antitrust regulators for anti-competitive agreements with suppliers that thwarted independent resellers. The French competition authority also fined two of Apple’s wholesalers — Tech Data and Ingram Micro […]


Industries, Manufacturing

Apple’s iPhone maker expects its China plants to be operating normally within weeks

March 3, 2020

Via: Fortune

Hon Hai Precision Industry Co., Apple Inc.’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labor shortages brought on by the coronavirus outbreak. The Taiwanese company, which assembles […]