Apple Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk's X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots.
Tesla is reportedly developing support for Apple CarPlay in its vehicles. That's according to a report Thursday (Nov. 13) from Bloomberg News, which noted that this is one of the most-requested features from Tesla's customers.
Apple reportedly reached a payments agreement with Chinese tech giant Tencent. The new arrangement will see Apple handle payments and take a 15% cut of purchases of mini games and apps from Tencent's WeChat social media platform, Bloomberg reported Thursday (Nov. 13), citing unnamed sources.
Apple Inc. remains a strong consumer brand but faces stagnating growth and a lack of innovation, making it a sell at current valuations. Q4 earnings beat expectations, with record revenue and margins, yet growth lags behind other mega-cap tech peers. AAPL's reported $1 billion AI deal with Google highlights strategic weaknesses and dependence on external innovation for Siri.
Apple is choosing Google over Anthropic because of cost, per report.
Lower developer fees implemented by Apple to comply with European Union tech regulations have not reduced prices for users, the iPhone maker said on Wednesday, renewing its criticism of Europe's efforts to rein in its market power.
Apple Inc. is rated a Buy with a $300 price target, offering a 12% upside and potential market outperformance. AAPL delivered its 9th consecutive double-beat quarter, driven by strong iPhone and services growth, with solid top and bottom-line expansion. The company's sticky ecosystem, shareholder-friendly buybacks, and global diversification support its status as a technology consumer staple.
Warren Buffett's Berkshire Hathaway is currently sitting on an unprecedented and massive cash pile, with approximately 31% of its portfolio held in cash and short-term Treasury bills—a record $381 billion.
Strong cash flows reflect financial stability, allowing companies to pay down debt, pursue growth opportunities, and shell out dividend payments.
CNBC's Alex Kovach and Big Technology's Alex Kantrowitz join 'Closing Bell' to discuss Apple's AI strategy, challenges with minimal spend and much more.
Follow-up model -- internally known as “V62” -- had been slated to debut in fall 2026 alongside the iPhone 18 Pro and Apple's first foldable iPhone.
Apple stock (NASDAQ:AAPL) has a robust history of quick up moves, with rallies of over 30% in less than two months during several years including 2010, 2019, and 2024. Particularly, there were two instances where the gains surpassed 50% within approximately two months, notably in 2012 and 2020.