Tag: Tim Cook
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AirPods maker Luxshare slides over 5% in Hong Kong debut
The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion).
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Apple commits $30 billion to Broadcom for U.S. chipmaking push
Apple is expanding its Broadcom partnership in a $30 billion-plus chipmaking agreement, its largest American manufacturing commitment to date.
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Micron CEO: Customers driving hard bargain on price contributed to memory shortage
Micron CEO Sanjay Mehrotra said years of aggressive pricing pressure left the memory industry underinvested, contributing to today’s supply shortages.
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The AI trade cooled and oil sank. A closer look at Wall Street’s volatile week
Micron finished the week in the red despite a blockbuster earnings report. But falling oil prices was good news for the fight against inflation.
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The memory shortage shaking Apple and Microsoft is ‘existential crisis’ for smaller players
While Apple and Microsoft raise prices on key devices to help cover the soaring costs of memory, smaller consumer electronics companies are in dire straits.
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‘The cult of Elon’: SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
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Apple stock gets slammed on bigger Mac, iPad price hikes. Why it can weather the storm
The stock had its worst session in more than a year as management made its first official move to pass higher memory costs onto consumers.
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Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it’s increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
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Apple raises prices on MacBook and iPad due to memory crunch, hints at more to come
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.
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Micron is tech’s new margin king as memory crisis pushes company past Nvidia and Meta
Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.
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