Apple Inc. (NASDAQ: AAPL) is one of the Magnificent 7 tech stocks and the first U.S.
It's been a rough first year for Apple Intelligence, while OpenAI, Meta and Google have made progress with their respective AI hardware strategies. "You may not need an iPhone 10 years from now," said Apple services chief Eddy Cue in court last month, adding that AI was a "huge technological shift.
Artificial-intelligence troubles, as well as tariffs, Google payments and App Store fees, weigh down the stock ahead of the WWDC.
A U.S. court denied Apple a stay on a ruling that requires the company to stop charging developers for payments made outside the App Store through links in apps.
Epic Games CEO Tim Sweeney celebrated his court victory against Apple this week. Sweeney was locked in a yearslong court battle with Apple over its App Store fees.
Apple Inc (NASDAQ:AAPL, ETR:APC) has suffered a setback in its long-running antitrust despite with Epic Games after a US judge rejected the iPhone maker's emergency request to delay a federal court order requiring sweeping changes to its App Store operations. The June 4 ruling in the US Court of Appeals for the Ninth Circuit upholds an earlier decision by US District Judge Yvonne Gonzalez Rogers, who found Apple in contempt of court for violating a 2021 injunction that required the company to allow app developers to direct users to alternative payment methods outside of the App Store.
Ahead of Apple's (AAPL) 2025 Worldwide Developers Conference kicking off this Monday, June 9, Needham analysts downgraded the iPhone maker from a Buy rating to Hold while removing its price target on the tech stock. Needham & Company senior media and internet analyst Laura Martin — the analyst behind the call — examines several of Apple's biggest problems as it faces pressures in China's consumer market and the team-up between OpenAI and former Apple designer Jony Ive.
Ahead of its Worldwide Developer Conference on June 9, Apple on Thursday offered a new update on its global App Store business, sharing that developers generated $1.3 trillion in billings and sales in 2024. The company stressed that 90% of those billings and sales did not involve paying Apple a commission.
Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the U.S. tech giant's supply chain, two people familiar with the matter said.
A federal judge had ordered the iPhone maker to immediately open its lucrative App Store to more competition.
Senator Elizabeth Warren (D-MA) reacts to President Trump's Truth Social post agreeing with her argument that the US should get rid of the debt limit entirely. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: Click Here Follow us on X: Click Here Subscribe to our Podcasts: Bloomberg Daybreak: Click Here Bloomberg Surveillance: Click Here Bloomberg Intelligence: Click Here Balance of Power: Click Here Bloomberg Businessweek: Click Here Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Click Here Android Auto: Click Here Visit our YouTube channels: Bloomberg Podcasts: Click Here Bloomberg Television: Click Here Bloomberg Originals: Click Here Quicktake: Click Here
Apple stock was downgraded to Hold from Buy by Needham analyst Laura Martin in a research note on Wednesday.