Tag: $Apple

Apple’s iPhone shipments dropped almost 10% in the first quarter as the tech giant found its market share dominance under pressure from Chinese rivals like Xiaomi, according to new research.

Apple Inc., aiming to boost sluggish computer sales, is preparing to overhaul its entire Mac line with a new family of in-house processors designed to highlight artificial intelligence.

Shares of Baidu Inc rose sharply in Hong Kong trade after multiple media reports suggested that the company was in talks with Apple Inc over using the Chinese internet giant’s AI models in Apple’s iPhone software in China. 

The European Union on Monday opened an investigation into Apple, Alphabet and Meta, in its first probe under the sweeping new Digital Markets Act tech legislation.

Apple was on Thursday sued by the U.S. Department of Justice, the latest antitrust action against Big Tech firms accused by regulators of operating monopolies and abusing their power.

Apple has been holding discussions with Google over a deal to use the Gemini artificial intelligence engine in the iPhone, Bloomberg reported.

Analyst firm Counterpoint Research said in a note Tuesday that iPhone sales plunged 24% in the period, as Apple faced stiff competition from local smartphone firms.

The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine.

Apple is set to be hit with a €500 million ($539 million) fine by the European Union over allegations it broke antitrust rules by hindering access to its music streaming rivals on its platforms, according to reports.

Apple reported fiscal first-quarter earnings on Thursday that beat estimates for revenue and earnings.

Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market.

Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on concerns of demand weakness.

Google-parent Alphabet has agreed to a $700 million settlement to resolve one of the antitrust claims around its app store.

Apple is stepping up efforts to diversify its supply chain outside of China amid tensions between the world’s second-biggest economy and the U.S.

Shares of Paramount  were rising after The Wall Street Journal reported the media company may bundle its streaming services with Apple.

Apple Inc. is enjoying strong holiday-season demand for its new iPhone 15, according to Wedbush analyst Dan Ives.

BEIJING (Reuters) — Apple saw a decline in the number of iPhones sold during China’s recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi, which recorded robust increases.

Apple reported fiscal fourth-quarter earnings on Thursday that beat analyst expectations for sales and earnings per share, but revealed that overall sales fell for the fourth quarter in a row. Every hardware business outside of the iPhone declined year over year, with big drops in the iPad and Mac segments.

AAPL 0.85% could suffer collateral damage from the Department of Justice lawsuit against Google, which alleges that the company competes unfairly in the market for internet search.

People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company’s sales in China.