Apple's Services segment surged 15% YoY to $28.8B, outpacing overall revenue growth and reducing dependence on volatile hardware sales. The company's 2.35-billion-device ecosystem and strong iPhone 17 demand underpin recurring high-margin revenue expansion and reinforce long-term profitability. Exceptional efficiency metrics, 26.92% net income margin, and a 171.42% ROCE, enable Apple to self-fund rapid AI-driven CapEx growth.
The recent series of executive departures from Apple has reportedly been accompanied by moves further down the org chart. Those moves include dozens of employees who left Apple for OpenAI and Meta in recent months, the Wall Street Journal reported Friday (Dec. 5), citing its study of LinkedIn profiles.
Apple (AAPL) has an impressive history of swift increases, with rallies exceeding 30% within a period of less than two months during years like 2010, 2019, and 2024. Significantly, there were two instances where gains surpassed 50% within about two months, specifically in 2012 and 2020.
India's government is reviewing a telecom industry proposal to force smartphone firms to enable satellite location tracking that is always activated for better surveillance, a move opposed by Apple, Google and Samsung due to privacy concerns, according to documents, emails and five sources.
Four top lieutenants have left the past 12 months while dozens of others defect to rivals.
Apple announced some executive transitions Thursday (Dec. 4), saying two executives are preparing to retire. Lisa Jackson, vice president for environment, policy and social initiatives, will retire in late January 2026, while Kate Adams, general counsel, will retire in late 2026, Apple said in a press release.
Lisa Jackson, who led sustainability initiatives at Apple, will retire in January., and Kate Adams, the company's general counsel, will retire late next year.
Apple on Thursday announced that Meta Platforms' chief legal officer, Jennifer Newstead, will join the company as its general counsel and senior vice president.
Apple's executive shake-up continues. Days after announcing AI chief John Giannandrea's departure, and the loss of design exec Alan Dye to Meta, the iPhone maker shared the news of two more exec retirements.
Apple's general counsel, Kate Adams, and its vice president for environment, policy, and social initiatives, Lisa Jackson, will retire from Apple, the company announced on Thursday. The two executives previously reported to Apple CEO Tim Cook and represent the latest sign that Apple's senior leadership is seeing a slew of exits.
Investors are on edge. AI valuations have skyrocketed, data center expenditures are at an all-time high, and every earnings call now hints at even larger GPU clusters.
Russia has introduced restrictions against Apple's video-calling app FaceTime, widely used in the country after the government restricted WhatsApp and Telegram call services, Russian news agencies reported on Thursday.