Tag: Apple

July 3, 2023

Tesla – Tesla shares popped nearly 7% after the electric vehicle company posted second-quarter delivery and production numbers that topped Wall Street’s expectations. Deliveries rose 83% year over year. Electric vehicle stocks – Electric vehicle stocks rose broadly after Tesla […]

May 5, 2023

Apple was at the head of a widespread rally on Wall Street Friday after the market’s most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from […]

March 8, 2023

Wedbush analysts raised the price target on Apple (NASDAQ:AAPL) stock to $190 per share from $180 to reflect positive Asia checks on iPhone demand. They also reaffirmed the Outperform rating and Apple’s place on Webush’s Best Idea List. Asia checks […]

July 29, 2022

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 […]

May 2, 2022

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 […]

March 31, 2022

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 […]

January 28, 2022

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 […]

October 13, 2021

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 […]

October 6, 2021

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 […]

August 30, 2021

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 […]

April 22, 2021

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 […]

April 22, 2021

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 […]

April 15, 2021

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 […]

March 12, 2021

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, […]

March 5, 2021

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 […]

February 24, 2021

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 […]

November 30, 2020

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 […]

August 13, 2020

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 […]

July 31, 2020

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% […]

July 30, 2020

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 […]