Apple Inc's (NASDAQ:AAPL, XETRA:APC) iPhone shipments in China rose 20% in the first quarter, the strongest growth of any major vendor in the world's largest smartphone market. The result arrived in a quarter when the overall Chinese smartphone market fell 4%, dragged down by supply chain disruptions and rising memory chip costs that forced rivals to push up prices on budget handsets.
Apple's iPhone shipments surged 20% in China in the first quarter, for the strongest growth among major vendors, despite an overall decline as rising prices of memory chips boosted costs, data from Counterpoint Research showed.
Apple plans to send “a significant chunk” of its Siri programmers to a weekslong bootcamp to learn to code using artificial intelligence, The Information reported Wednesday (April 15), citing unnamed sources.
Apple (AAPL) reached $266.43 at the closing of the latest trading day, reflecting a +2.94% change compared to its last close.
A single, massive deal redrew the landscape for satellite communications: Amazon's $11.6 billion acquisition of Globalstar. This move did more than consolidate the market; it sent a shockwave through the consumer electronics industry.
Apple Inc. enters FQ2 earnings with inventory at a multiyear low, signaling robust demand and highly efficient supply chain management. Inventory could become even leaner and margins could further expand due to strong services growth and rising AI-related commission revenues. The company's massive installed base positions AAPL well as a toll collector in the AI ecosystem, capturing growth without heavy capital outlays.
Apple (NASDAQ:AAPL | AAPL Price Prediction) is a Hold at around $260 per share.
Apple says it will close stores in Towson, Maryland, Trumbull, Connecticut, and Escondido, California, by June 11, citing declining mall conditions at each location.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is set to deliver a fiscal second quarter earnings report driven by continued momentum in iPhone sales and Services growth, prompting Bank of America to lift its price objective on the company to $325 from $320. “We expect a strong report and guide given ongoing strength in iPhone, Services and benefit from FX,” Bank of America's analysts wrote in a note.
Apple (NASDAQ: APPL) has received a new bullish nod from Bank of America, projecting that the stock is likely to rally past the $300 mark in the coming year.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Apple (NASDAQ:AAPL | AAPL Price Prediction) stock is getting an upvote on Wall Street ahead of a closely watched earnings report.