#apple

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    APPLE SHARES DROP AS IPHONE 16 FACES WEAK DEMAND AND SHORTER SHIPPING TIMES

    Apple’s stock tumbled nearly 3% on Monday following concerns that the new iPhone 16 Pro models are seeing softer demand than anticipated. Several analysts noted that delivery times for the latest iPhones are shorter compared to last year's iPhone 15 Pro, which may signal weaker consumer...
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    APPLE’S IPHONE 16 EVENT – MAJOR AI LAUNCHES AND HARDWARE UPGRADES

    Apple is preparing for its highly anticipated "Glowtime" event on September 9, 2024, at its Cupertino headquarters. The company is expected to introduce four new iPhones, the tenth-anniversary edition of the Apple Watch, and upgraded AirPods. While the hardware reveals are important, the...
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    Apple’s AI-Driven Stock Surge Faces Critical Test

    Apple Inc.’s stock has surged significantly ahead of its upcoming iPhone release, fueled by high expectations for its artificial intelligence (AI) features. Historically, Apple shares have experienced declines following iPhone launches, and September has proven to be a particularly challenging...
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    Apple CFO Luca Maestri to Step Down

    Apple has announced that Luca Maestri, its long-serving Chief Financial Officer, will step down from his role on January 1, 2025. In a planned succession, Kevan Parekh, currently Vice President of Financial Planning and Analysis, will assume the CFO position and join Apple’s executive...
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    Google's Antitrust Loss Could Put Billions at Risk for Apple

    In a significant legal setback, Google (GOOG, GOOGL) was dealt a blow as Judge Amit Mehta of the District of Columbia ruled in favor of the Department of Justice in an antitrust case against the tech giant. This ruling not only threatens Google's search and advertising business but also puts a...
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    Apple Investors Urged to Stay Calm After Buffett Slashes Stake

    Key Details: Stake Reduction: Berkshire Hathaway, led by Warren Buffett, sold nearly half of its stake in Apple Inc. during the second quarter of 2024. The remaining stake is valued at approximately $84 billion, down from about $140 billion. This decision has led to mixed interpretations, with...
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    Apple Beats Q3 Expectations Despite Iphone Sales Decline

    Apple (AAPL) surpassed analysts expectations for the third quarter, reporting an EPS of $1.40 on revenue of $85.5 billion, compared to the anticipated $1.35 EPS and $84.4 billion revenue. However, iPhone sales declined year-over-year, totaling $39.2 billion, short of last year's $39.6 billion...
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    APPLE STOCK PRICE TO WATCH AS AI FEATURES REPORTEDLY COMING AFTER iOS 18 LAUNCH

    Key Takeaways: Apple's highly anticipated AI features will not be included in the initial launch of its upcoming iPhone and iPad software updates. Apple plans to release Apple Intelligence in October as part of software updates, a few weeks after the September launch of iOS 18 and iPadOS 18...
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    Tesla, Apple Chip Supplier STMicroelectronics Q2 Earnings Hit by Weakness in Industrial and Automotive Sectors, Stock Plunges

    STMicroelectronics NV (NYSE: STM), a key supplier for Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL), reported its fiscal second-quarter 2024 earnings, revealing a significant revenue decline of 25.3% year-on-year to $3.23 billion, slightly above the analyst consensus estimate of $3.20...
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