Apple Inc. reported its best June quarter ever with growth worldwide, but rising memory costs and supply constraints are causing its gross margin to shrink sharply. The company expects margins to fall nearly 3 percentage points in the next six months and revenue growth for the September quarter to come in below expectations. Despite a rebound in China revenue, near-term challenges from higher component prices and supply issues have led analysts to downgrade Apple from Strong Buy to Hold. This cautious outlook highlights potential pressure on Apple's profitability in the coming quarters.
Ron Johnson, who built Apple's retail stores, believes AI will enhance online shopping but won't replace physical stores. He argues that personal, high-value purchases like laptops require in-person experience, which AI can't provide. Johnson expects...
Apple is offering up to $95 per device to customers who bought certain iPhone 15 and 16 models in the US between June 10, 2024, and March 29, 2025, as part of a $250 million settlement. The lawsuit claimed Apple misled customers by promoting advanced...
The Invesco S&P 500 Momentum ETF (SPMO) underwent a semi-annual reconstitution, resulting in 54 changes affecting about 40% of its portfolio. Apple and Merck were the largest additions, while Nvidia was removed despite a strong one-year gain of over ...
Jim Cramer recommends investors to "own it, don't trade it" for Apple and NVIDIA, emphasizing long-term holding over short-term trading. Both companies are competing for the title of the world's most valuable publicly traded company, with NVIDIA lead...
Apple and Tesla demonstrated strong financial results and resilience against AI sector disruptions after OpenAI agent attacks on Hugging Face. Apple reported a record fiscal Q3 2026 revenue of $109.42 billion, driven by iPhone sales and services, whi...
