Apple Inc. (AAPL)
Peloton surges 30% after naming former Apple executive as new CEO
Stern will step down from his role at Ford and step into the chief executive role at Peloton on Jan. 1, the company said. He will be Peloton's third CEO.
Tech still investing big in AI development despite few breakout products
CNBC's Steve Kovach joins 'Money Movers' to discuss big tech's AI spending.
Apple poised to deliver strong Q4 guidance as AI rollout drives iPhone demand
Apple Inc (NASDAQ:AAPL, ETR:APC) is expected to deliver a small revenue beat for the September quarter and better-than-expected guidance for the December quarter, analysts at the Bank of America have projected ahead of the iPhone maker's Q3 earnings drop after tonight's closing bell. Wall Street analysts on average expect Apple to report earnings per share (EPS) of $1.53 on revenue of $94.32 billion, which marks growth of about 5% year-over-year for both measures.
Peloton Picks Apple Fitness+ Vet Peter Stern as New CEO
Peloton appointed the co-founder of Apple Fitness+ to serve as its new leader. Peter Stern, who joins the digital fitness brand from a position at Ford, is slated to become president and CEO beginning Jan. 1, according to a Thursday (Oct. 31) press release.
Apple Earnings Preview: Numbers and Themes To Watch
UPDATE—Oct. 31, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
Apple to report earnings as investors worry about 'mixed' iPhone demand
Apple's Thursday earnings report is the last of the company's fiscal year, and it's the first quarter with some sales from the September launch of the iPhone 16. The most critical item will be what Apple signals to investors about its December quarter, which is its largest seasonal sales period of the year.
Initial Claims Lower-Than-Expected
Jobs Week trudges along this morning, with Friday morning's big Employment Situation report now on the horizon. Behind this stands the 2024 General Election — which could obviously sway the balance of executive and legislative branches of the U.S. government — and a new Fed decision on monetary policy a week from today.
Apple supercycle may be elongated with extended rollout of AI features
CNBC's Steve Kovach joins 'Squawk on the Street' to discuss expectations for Apple's earnings.
Apple: Looking At Arguments For A Strong Earnings Report
iPhone demand looks solid, with a demand acceleration expected for 2025. App Store revenues rose 13.6% YoY to $7.8 billion in Q4, with total downloads increasing by 5.5% YoY. Apple aims to monetize Siri through an auction-based platform, potentially generating $3 billion annually by 2026 and $50 billion by 2036.
Apple iPhone 16 Feedback Is Negative, Ferragu Says
New Street Research Tech Infrastructure Head Pierre Ferragu says feedback on the iPhone 16 is already negative. He talks about demand in China as Apple prepares to report earnings.
Peloton's stock soars premarket after earnings top estimates and company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.
How To Earn $500 A Month From Apple Stock Ahead Of Quarterly Earnings
Apple Inc. AAPL will release earnings results for its fourth quarter, after the closing bell on Thursday, Oct. 31.
