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 financial results and a $100 billion buyback plan, investors face uncertainty as Apple’s growth story, especially in AI and new products, is seen as limited. The new CEO inherits complex geopolitical challenges and high expectations, with the stock currently reflecting little room for error in execution.
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...
Bank of America analyst Wamsi Mohan upgraded Apple's 12-month price target from $330 to $380, highlighting the company's strong position to benefit from AI advancements in 2026. Apple's dominance in smartphones and its control over supporting infrast...
Bill C-22 in Canada faces criticism from tech leaders and experts like Yanik Guillemette, who warn it threatens the digital economy by undermining data privacy and encryption. Major companies including Meta, Apple, and Signal express concerns that th...
