Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an agreement with the country's antitrust watchdog CADE.
Prices for consumer electronic products like video game consoles and smartphones have been surging for months due to increased prices for memory chips. The price crunch is primarily caused by high demand for those chips by AI companies, which require massive amounts of memory to power servers in data centers.
Intel stock is getting a Trump bump today.
Apple Inc (NASDAQ:AAPL, XETRA:APC) plans to raise prices on some of its products as surging memory and storage chip costs pressure its supply chain, CEO Tim Cook told The Wall Street Journal in an interview. "Unfortunately, price increases are unavoidable," Cook told the publication.
For nearly three years, investors could explain much of the stock market with a single phrase: the Magnificent 7.
The Berkshire Hathaway annual meeting is in the rearview mirror, and investors are now parsing Greg Abel's early portfolio moves as CEO.
Demand for memory chips will continue to outpace supply in the near term despite efforts to add manufacturing capacity, an analyst says.
Apple's memory chip problem is bigger than a product cycle, which could affect its stock price. Here's what traders need to know.
Shares of Apple Inc NASDAQ: AAPL are trading just below $300 this week, having staged a steady recovery from last week's lows that followed the start of its Worldwide Developers Conference (WWDC).
U.S. and Iran signed a 14-point MoU, ending hostilities and outlining phased sanctions relief, boosting global market sentiment. Apple (AAPL) plans unavoidable product price increases due to rising memory and storage chip costs, with no specific products or timeline disclosed.
Just hours after Apple CEO Tim Cook said price hikes would be needed to cover the cost of microchips, the producers of those semiconductors pushed markets in South Korea and Taiwan to record highs.
Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with The Wall Street Journal published Wednesday.