The S&P500 (SP500) closed in the green on Friday, after investors digested quarterly results from big banks and data showing consumer prices cooling down in June, bolstering bets for a September rate cut. For the week, the Nasdaq (COMP:IND) lost 0.7%, while Dow (DJI) advanced 1%. Wall Street had aContinue Reading
Wachiwit A probe by the Competition Commission of India found that Apple (NASDAQ:AAPL) exploited its dominant position in the app stores market on iOS, and engaging “in abusive conduct and practices,” Reuters reported citing a confidential report. The Indian antitrust regulator has been probing Apple since 2021 for potentially abusingContinue Reading
FlashMovie Apple (NASDAQ:AAPL) suppliers, such as Taiwan Semiconductor Manufacturing Company (NYSE:TSM), stand to benefit as the Cupertino-based company looks to boost iPhone shipments this year. TSMC produces chips not only for iPhones, but also for iPads, Watches and Macs. Its shares ticked up 3% on Wednesday. Apple accounted for aboutContinue Reading
Apple (NASDAQ:AAPL) rose over 1% and was on track for a seventh straight session of gain, as the tech giant reportedly aims to ship at least 90M iPhone 16 devices in the latter half of this year. The stock was trading at $231.26 on Wednesday afternoon, after spiking 1.6% toContinue Reading
Shahid Jamil/iStock Editorial via Getty Images Apple (NASDAQ:AAPL) shares ticked up fractionally in premarket trading on Wednesday as investment firm Needham raised its price target, noting that the company is spending its capital on share buybacks instead of generative artificial intelligence infrastructure. Needham analyst Laura Martin raised her price targetContinue Reading
Robert Way Microsoft (NASDAQ:MSFT) has reportedly ditched its board observer seat at OpenAI, while Apple (NASDAQ:AAPL) will not take up a similar position, as tech giants face increasing scrutiny over investments in artificial intelligence startups, the Financial Times reported on Wednesday. Microsoft (MSFT), which has invested billions in the makerContinue Reading
JHVEPhoto Samsung Electronics (OTCPK:SSNLF) will launch a new health-tracking feature which Apple (NASDAQ:AAPL) watches do not yet have at the Galaxy Unpacked event on Wednesday, Bloomberg News reported. The South Korean tech giant is touting the event as the next frontier of Galaxy AI. The new Galaxy Watch models willContinue Reading
Wachiwit Apple (NASDAQ:AAPL) has filed a petition with a Chinese court in an effort to tweak a ruling that the company won, as it says the tech giant has a “dominant position” in the app market, Bloomberg reported. Apple wants China’s highest court to remove the references from the decisionContinue Reading
Justin Sullivan/Getty Images News Apple (NASDAQ:AAPL) is apparently receiving an observer role position on OpenAI’s board of directors, according to a report Tuesday afternoon by Bloomberg, which cited anonymous sources close to the situation. The position is going to Phil Schiller, a 30-year Apple veteran who currently leads the AppContinue Reading
Cesare Ferrari Apple (NASDAQ:AAPL) lost smartphone market share in China in May despite “deep” discounting, investment firm UBS said, citing data from Counterpoint Research. Shares rose 1.2% in early trading on Monday. Cupertino, Calif.-based Apple ended the month with 11% of the smartphone market, even as iPhone units rose 0.9%Continue Reading
