Tim Cook is stepping down as Apple CEO after 15 years, during which Apple shares surged over 2,740%, turning a $1,000 investment into about $28,418. Under Cook, Apple grew from a $350 billion to a $4.67 trillion company, driven by strong iPhone sales, expanding services revenue, and aggressive share buybacks. Cook’s operational expertise helped Apple navigate global challenges, while the company’s ecosystem grew to over 2.5 billion active devices. John Ternus will become CEO on September 1, with investors expecting a stronger focus on AI and product innovation, starting with a major product event on September 9.
The August jobs report is crucial for the Federal Reserve's decision on a potential September rate hike, with strong labor data increasing the odds. Broadcom faces downside risk ahead of earnings due to high AI expectations, while Apple transitions t...
In 2026, Vanguard's Growth ETF (VUG) has underperformed the slightly more expensive VOOG by about 5 percentage points, despite VUG's lower fee of 0.03% compared to VOOG's 0.07%. The performance gap arises from differences in how their underlying inde...
Apple Inc. continues to be the largest holding in Berkshire Hathaway's portfolio, demonstrating confidence in its growth and strategic position. The company reported consistent earnings growth for fiscal Q3 2026 and confirmed John Ternus as the new C...
Apple reported a 16% year-over-year revenue increase to $109.42 billion in Q3 2026, driven by strong iMac sales and a gross margin of 50.07%, outperforming peers. Despite short-term margin pressures from rising input costs and currency fluctuations, ...
Apple increased prices for its Apple TV+ streaming service and Apple One bundle, following a trend among major streaming platforms. This comes as Apple reported a record $109.4 billion revenue for the June quarter, driven by a 22% rise in iPhone sale...
