The company will start paying the quarter-billion-dollar sum to settle a lawsuit over delayed and missing AI features.
Apple (NASDAQ:AAPL | AAPL Price Prediction) just posted its best March quarter ever at $111.18 billion, while Intel (NASDAQ:INTC) followed with a sixth consecutive revenue beat.
Apple will let users choose from a range of outside AI services to power features across its software, according to sources. Bloomberg's Mark Gurman explains how this builds on a strategy to turn its devices into a comprehensive AI platform.
Shares of Intel Corporation NASDAQ: INTC are trading around $110 following another explosive week for the stock. It has seen a move of more than 400% over the past 12 months and more than 150% since the start of April alone.
Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th US Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees.
Apple (AAPL) delivered robust Q2 results: revenue up 16.6% YoY, gross margin at 49.3%, and strong iPhone and Services growth. Greater China revenue surged 28.1%, driven by strategic iPhone pricing and subsidy timing, with a second consecutive quarter of strong expansion. AAPL guided June-quarter revenue 14–17% higher YoY, well above consensus, but margin guidance reflects rising memory costs and supply constraints.
Apple has agreed to pay $250 million to settle a class-action lawsuit over how it marketed its AI features ahead of the launch of the iPhone 16. The Financial Times was the first to report the news.
Apple agreed to pay $250 million to settle a shareholder lawsuit that alleged that the company failed to add artificial intelligence features to its iPhone at the time it had promised, Reuters reported Tuesday (May 5).
If approved, the settlement would be one of the largest-ever from Apple and result in cash payments of up to $95 for owners of roughly 37 million iPhones bought in the US.
Samsung has become the second $1 trillion stock in Asia, and that carries two messages: first, the AI fever is back, and second, “chipflation” could become the next Hormuz-style sticker shock.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) just rewrote what a Mag 7 quarter is supposed to look like.
On January 9, 2007, Steve Jobs stood on stage at Macworld and introduced three products. An iPod with a bigger screen and touch controls, a mobile phone, and something he described as a breakthrough internet communications device.