Tag: apple
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Apple set to lose nearly $500 billion in value after weak forecast
July 31 : Apple shares fell nearly 10 per cent on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.The drop, if sustained, would mark the stock’s worst day since the pandemic-driven sell
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Apple tumbles as supply chain snarls mar forecast in Cook’s last earnings as CEO
July 31 : Apple shares fell 7 per cent on Friday after a disappointing forecast showed that the iPhone maker was struggling to secure enough components as the AI-driven data center boom strains global supply chains.The pre-market drop, if sustained, would erase more than $360 billion from Apple’s market capit
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Apple slides as supply snags cloud outlook, putting iPhone demand in focus
July 31 : Apple shares dropped 7.3 per cent before the bell on Friday as the tech giant warned that supply constraints would hurt growth, prompting investors to look beyond near-term shortages to gauge the hit from an expected iPhone price hike.The decline puts Apple on track to shed roughly $361.6 billion in
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company were down more than 3 per cent in
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Apple says UK App Store proposal amounts to price regulation
LONDON, July 29 : Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.In a submission to Britain’s Competition and Markets Authority, the iPhone maker sa
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Apple set for strongest June-quarter sales growth in 5 years
July 29 : Apple’s decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase.The consumer electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from
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Apple briefly tops $5 trillion market value for first time
July 28 : Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72 per cent at $339.33, giving it a market capitalization of $4.98 trillion. At a session high of $342.
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Apple briefly becomes second company ever to notch $5 trillion market value
July 28 : Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2 per cent at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89,
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Apple launches US device leasing program with Klarna
July 28 : Apple on Tuesday launched a device leasing program in the U.S. through payments firm Klarna, offering customers monthly plans for iPhones, Macs, iPads and Apple Watches.The program, called Apple Upgrade, expands the technology giant’s payment options and replaces its existing iPhone Upgrade Program
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Incoming Apple CEO aims to build on movie and TV progress
LOS ANGELES, July 27 : Apple’s incoming CEO, hardware chief John Ternus, said he was committed to building on the company’s momentum in the entertainment business when he takes the helm of the iPhone maker in September. The technology giant began offering original TV series and films through the Apple TV+
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