Apple will delay the next version of the iPhone Air amid weak sales and it will not be released in the fall of 2026, the Information reported on Monday, citing sources familiar with the matter.
Apple (NASDAQ:AAPL) stock has been a surprisingly good performer in the last few months, thanks in part to some decent quarterly earnings results and optimism about iPhone 17 going into the holidays and beyond.
Intuit posted a quarter that met expectations, but its revenue forecast was below consensus, sending the stock lower. We initiated a position in Oracle during the period but were underweight on average, which detracted from performance compared with the benchmark. Despite Progressive's solid businesses, the insurance sector faced pressure, and we opted to redeploy capital into areas with stronger secular growth potential.
If any investor has stood the test of time, it is Warren Buffett, and with good reason.
13F filings this week will reveal hedge fund and institutional moves, offering insight into smart money positioning amid recent market highs. Earnings season is winding down, with 90% of S&P 500 companies reporting; most beat estimates, but guidance remains cautious.
While Apple's iPhone already supports texting, calling emergency services, and contacting roadside assistance via satellite connectivity, the company has many more satellite-powered features in the works, according to Bloomberg's Mark Gurman.
Shares of Apple (NASDAQ:AAPL) have been making up for lost time in the year's second half, now up more than 26% in the last three months, putting the iPhone maker up just shy of 11% year to date.
With stocks wobbling in the past week over potential AI valuation worries, investors might have noticed that much of the Magnificent Seven has been increasingly choppy while Apple (NASDAQ:AAPL) has acted like a steady rock, holding its ground at around $270 per share.
Just one in 10 iPhone 17 buyers opted for Air in the early weeks of sales, a consumer survey found, with some users dissatisfied with the Air's camera, sound quality, battery and price.
South Korean tech giant and Barclays are in advanced talks to launch a credit card, with both seeking bigger inroads into Americans' financial lives
CNBC's Paulina Likos and Zev Fima break down big tech's massive artificial intelligence spending spree
Apple Inc. (NASDAQ: AAPL) has long attracted students and tech-minded users with its ergonomic approach to computing and communications.