Apple plans to raise iPhone prices by 5-10% to offset rising memory chip costs, signaling significant inflation in chip prices. This move, highlighted by Tim Cook, suggests sustained pricing power for memory chip makers like Micron, whose stock has surged due to strong demand and limited supply. Micron forecasts continued tight supply and high prices into 2026, while other semiconductor firms like Western Digital and Intel also benefit from the trend. Investors await Micron's fiscal Q3 report for further confirmation of this structural pricing shift in the semiconductor sector.
U.S. stocks rose sharply with the Nasdaq 100 leading a 1.5% gain, driven by a semiconductor rally after a U.S.-Iran peace deal lowered oil prices to around $75 a barrel. The deal eased tensions by extending a ceasefire and reopening the Strait of Hor...
Bank of America analysts maintain a Buy rating on Apple, expecting the company to raise prices on Pro and Pro Max iPhones due to rising memory costs, following CEO Tim Cook's comments. The firm raised its price increase assumptions by $100 for these ...
Disney and Pixar's Toy Story 5 is expected to dominate the box office with a potential $145M-$150M domestic opening, driven by multi-generational appeal and strong marketing. Meanwhile, Take-Two Interactive announced pre-orders for Grand Theft Auto V...
Apple has opened its iOS app ecosystem in Brazil by allowing developers to distribute apps through alternative stores and process payments outside the App Store. This change follows Apple's agreements with Brazil's competition regulator CADE and mirr...
Apple's stock fell below $300 due to fears of Fed rate hikes, but strong Q2 FY2026 earnings and a $100 billion buyback plan boosted investor confidence. The company reported $111.18 billion in revenue, driven by iPhone 17 sales and record Services re...
