Apple is holding exploratory talks with Intel and Samsung about chip manufacturing to reduce its heavy reliance on Taiwan Semiconductor Manufacturing Company (TSMC). While TSMC is the leading chipmaker producing Apple's processors, dependence on a single supplier poses risks, especially amid chip shortages and geopolitical tensions around Taiwan. Apple is not planning an immediate shift but aims to build alternative supply options for future resilience. This move could also impact the chipmaking industry by boosting Intel and Samsung's foundry businesses in the US, supported by government initiatives like the CHIPS Act.
Bank of America raised its price target for Apple to $380 from $330, highlighting Apple's strong position to benefit from the emerging "agentic AI" smartphone market. This AI technology enables devices to complete tasks and manage workflows autonomou...
Apple CEO Tim Cook is stepping down after significantly growing the company’s market value to $4.535 trillion. Hardware chief John Ternus will succeed him, marking a major leadership change for the world’s most valuable company. Despite strong recent...
Apple Inc. reported a 16.3% year-over-year increase in its Services revenue, reaching $30.98 billion in Q2-FY26, with exceptionally high gross margins of 76.7%. This growth helped expand the company's overall gross margin to 49.3%, offsetting weaker ...
In the first half of fiscal year 2026, iPhone revenue increased by 22.7%, primarily due to higher average revenue per user (ARPU) driven by more memory upgrades and a shift towards premium models. Although ARPU growth is expected to slow down because...
The Magnificent 7, a group of leading megacap tech companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, represent the forefront of AI and future tech. While most have advanced AI integration and partnerships, Microsoft has...
