Tag: $Apple

Apple (AAPL.O),shares fell more than 3% in trading before the bell on Friday after the company trimmed its stock buyback program and CEO Tim Cook flagged a $900 million tariff-related hit to costs this quarter amid a raging Sino-U.S. trade war.

The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws.

Apple and Meta Platforms are facing the likelihood of regulatory fines. However, the blow could be less than feared due the policies of President Donald Trump.

Apple’s iPhone 16 series will be available in Indonesia from April 11, it said on Wednesday, after Jakarta lifted a ban on its sale following the company’s more than $300 million investment plan.

EU antitrust authorities are anticipated to conclude their year-long investigation into the browser options provided by Apple (NASDAQ:AAPL) on its iPhones, according to a Reuters report on Tuesday.

Apple on Tuesday launched new versions of its iPad Air, enhancing the mid-tier tablet with its M3 chip and artificial intelligence capabilities in a bid to spur upgrades among customers.

Apple said it plans to spend more than $500 billion over the next four years to expand its manufacturing footprint in the U.S.

Apple is set to launch its latest budget iPhone model on Wednesday as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such Samsung and China’s Huawei.

Taiwanese electronics companies are planning more investments in the U.S. state of Texas, with announcements possible in May to coincide with President Donald Trump’s first 100 days in office, the head of an industry body said on Tuesday.

Apple will work with Chinese tech giant Alibaba to roll out AI services in the world’s biggest market for mobile phones, in a move that removes months of uncertainty for the Cupertino-based firm.

Apple reported its fiscal first quarter earnings after the bell on Thursday, beating expectations on the top and bottom lines but falling short on iPhone revenue. Sales out of the company’s Greater China region were also lower than Wall Street anticipated in the quarter.

Local smartphone makers Vivo and Huawei leapfrogged Apple to become the top two sellers in the Chinese market last year, dealing a blow to the iPhone maker as it struggles to introduce AI features on the mainland and fight competition from domestic rivals.

Apple has abused its dominant position by charging app developers an unfair 30% commission through its App Store, costing British consumers up to 1.5 billion pounds ($1.8 billion), a London tribunal heard on Monday.

Tech group now a force in driving revenues for publishers in US, UK, Canada and Australia

Shipments to China of foreign-branded smartphones, including Apple Inc’s iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm, down for the fourth month.

Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy.

Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales.

Artificial intelligence may not be the only area where Apple is branching out into new areas as it looks to get smartphone sales growing again. But iPhone users will still have to wait for serious upgrades.

Apple on Wednesday started integrating OpenAI’s ChatGPT into its devices, delivering on a long-awaited feature that investors hope will help drive sales of its latest iPhones.