Apple reported a 16% revenue increase to over $109 billion for its fiscal third quarter ending in June, driven by strong iPhone sales and growth in Mac and Services. Despite missing some Wall Street forecasts in Services revenue, the quarter marks CEO Tim Cook's last before John Ternus takes over on September 1. The company also introduced a new leasing program for devices and faces supply challenges due to chip shortages amid the AI boom. Investors await further insights on product demand, tariffs, and AI developments in Cook's final earnings call.
On November 5, 2026, two ETFs, Invesco QQQ Trust and Direxion Daily Semiconductor Bull 3X ETF (SOXL), set new single-day trading volume records amid a sharp market sell-off. The surge in ETF trading volume is seen as a fear indicator, with the CBOE V...
Researcher Derik Kauffman revealed that Apple's iOS keyboard uses a secret 'gray list' of over 100,000 words and phrases that it blocks from autocomplete and swipe-typing suggestions. The list includes vulgar, offensive, drug-related, and politically...
Apple announced that more than 100,000 apps are now optimized for its foldable iPhone Duo, addressing early criticism about the lack of Duo-ready apps. Popular apps like Microsoft Word, Zoom, and NBA sports apps have joined existing optimized apps su...
Apple's market capitalization reached $5 trillion, surpassing Nvidia by about $615 billion after Nvidia's shares dropped over 9% due to concerns about tougher AI regulations from a Democratic-controlled Congress. Nvidia, heavily reliant on AI data ce...
Apple's business model, which relies on renting server capacity rather than owning data centers, insulates it from potential political risks associated with capital-intensive tech investments. Despite a strong fiscal Q4 with $114.48 billion in revenu...
