Apple's App Store revenue increased by 0.6% year-over-year to $3.4 billion in the first 35 days of its fiscal fourth quarter, despite a 4% decline in total downloads to 3.3 billion. Revenue per download rose 4.7% to $1.02, showing stronger monetization. Growth was driven by an 8.7% revenue increase in China, even as downloads there fell 6.8%. Bank of America maintains a Buy rating on Apple, highlighting strong capital returns, AI leadership potential, and new product opportunities, with a price target of $380. Services revenue is expected to grow 10% in the quarter, supported by AI and hardware innovations.
Chinese President Xi Jinping is set to visit the U.S. from Wednesday to Friday, with several top American tech executives like Microsoft CEO Satya Nadella, Nvidia's Jensen Huang, and Apple's Tim Cook attending a key dinner in Washington, D.C. The Chi...
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...
