UBS analysis shows Apple App Store revenue growth slowed to about 3% year-over-year in the June 2026 quarter, down roughly 440 basis points from the prior quarter. The US market saw a 6% revenue decline, while other regions grew about 9%. Despite slower App Store growth, UBS maintains its June-quarter Services revenue growth estimate at 14.3%, noting continued strength in Apple's Services segment. UBS also highlighted slowing growth in AI-related activity as a factor, and kept a $296 price target on Apple shares amid uncertainty around its AI strategy.
Apple has started testing DRAM chips from China's state-backed ChangXin Memory Technologies (CXMT) for devices sold within China. The company is lobbying the US government to allow broader use of CXMT's products despite rising geopolitical tensions a...
Samsung's earnings report caused a sharp decline in chip stocks, particularly those tied to AI hardware, as investors questioned demand for memory chips. This led to a sell-off in companies like Micron. However, investors rotated their focus back to ...
Netflix, Disney, and YouTube are among the companies interested in acquiring the U.S. broadcast rights for the 2030 and 2034 FIFA World Cups, with media executives budgeting between $1.5 billion and $2 billion for each tournament. FIFA plans to sell ...
Apple is closing the gap on Nvidia to reclaim the title of the largest U.S. company by market capitalization. Nvidia's valuation has fallen to levels last seen in 2013, while Apple shares have risen 15% year to date. This shift highlights Nvidia's de...
Semiconductor stocks dropped sharply after Samsung Electronics reported quarterly profits exceeding those of Nvidia and Apple, but failed to meet Wall Street's high expectations for AI-driven growth. Samsung's shares fell 8%, and related stocks like ...
