Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.
A number of high-profile American business leaders are in China this week for the country's second annual international supply chain expo, including Apple's Tim Cook. "We're very committed to China, that's the reason I have been here three times," Cook said in a video interview with Chinese state media, adding that he expects the relationship to "only get better.
Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre.
The NRF is predicting consumers to spend nearly $1 trillion across the November and December holiday shopping season. Ivan Feinseth shares the stocks he thinks will make big profits from all the sales.
CNBC's Jim Cramer and David Faber discuss what could move Apple ahead of Nvidia in market capitalization.
Despite bearish sentiment, I remain bullish on Apple due to expected earnings and revenue growth, especially in the Services segment. Apple's robust financials, including $108.81 billion in free cash flow and significant shareholder returns, highlight its profitability and shareholder-friendly nature. Potential risks include dependency on iPhone sales, lack of innovation, and economic factors like tariffs and interest rates, but the macroeconomic environment looks favorable.
Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.
Apple CEO Tim Cook is visiting China for the third time this year. Cook attended discussions focused on supply chain and trade issues, per Bloomberg.
Apple has done research to run large language models with limited memory.
The European Commission on Monday said U.S. maker of break resisting glass Corning had offered to waive all exclusive deals with mobile phone manufactures to address concerns over possible anticompetitive behaviour.
The S&P 500 (^GSPC 0.35%) index is up by 30% over the past year, and one-fifth of that gain is attributable to a single stock: Nvidia (NVDA -3.22%). The chip giant has delivered a return of 186% over the last 12 months, and with a valuation of $3.6 trillion, it represents 7% of the total value of the S&P 500.
India's antitrust regulator has reportedly rejected Apple's bid to suspend an investigative report. That means that the case against the iPhone maker can continue, Reuters reported Sunday (Nov. 24), citing an internal order from the Competition Commission of India (CCI).