With the iPhone business maturing, investors are wondering what the next big growth driver will be for Apple stock. Recently, two businesses have given Apple’s sales and profits a boost: services and wearables. In the December quarter, Apple’s services revenue rose 6% year over year to $20.77 billion. Meanwhile, its hardware sales declined 8% to…
Apple's annual shareholders' meeting has concluded and despite controversies and disagreements, this time it won support for all of the positions it held on every proposal. The annual shareholders' meeting is a legal requirement for Apple, and the details of what will be discussed are filed — and disputed — long in advance. In this…
Apple continues to be the best stock pick among computer producers, according to Morgan Stanley, with the overall PC market hitting its lowest point in about two decades. The global PC market has suffered considerably in recent years, with it trying to recover from a horrific holiday season. Amid one report's poor forecast for the…
New research says that ARM-based computers including Apple Silicon are doing fairly well in a collapsing global PC market, as the market does a slow shift away from Intel-based processors. ARM is still working toward that possible IPO in 2023. In the meantime Counterpoint Research says that the use of the company's technology is going to…
While tech giants like Amazon, Google, and Meta have laid off thousands of employees recently, Apple has avoided doing so. In a new interview with the Wall Street Journal, Apple CEO Tim Cook acknowledged this and said that he views layoffs as a “last resort kind of thing.” Tim Cook on Apple layoffs Cook acknowledged that Apple has made changes to its spending…
Apple's annual shareholders meeting is set to take place Friday, March 10 at 9:00 a.m. Pacific Time, according to an SEC filing released today. Those who want to attend, vote, and submit questions during the annual meeting can visit the virtual meeting website and enter a control number included in the Notice of Internet Availability…
Last quarter, worldwide sales for all PCs manufacturers were down almost 30% versus the 2021 holiday quarter — but Apple's fell only 2.1% in a quarter without any new Macs. IDC has previously had mixed success with reporting Mac shipments, and iPhone sales, but its latest Tracker report is based on data from global sales…
Sources in China say Apple has reduced its orders from suppliers for almost all of its products, and the news has seen AAPL shares drop. Apple shares had risen on the news that production in Foxconn's major iPhone plant in Zhengzhou is back to 90% capacity. However, a new report about Apple cutting orders has…
Apple’s recent record results are encouraging and the company’s consumer demographics suggest that it could be resilient, even amid inflation. Plus, a very strong profit margin gives the company plenty of flexibility to absorb rising prices should the need arise. This resilience in the business demonstrates the brand loyalty the company enjoys and why it…
Apple's market value this week briefly eclipsed the value of Alphabet, Amazon, and Meta combined, according to market data by Yahoo Finance. When markets closed earlier this week, Apple had a market value of $2.307 trillion, while the market value of Amazon, Alphabet, and Meta combined was $2.306 trillion. Alphabet leads the group with a…
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