(Bloomberg) — A steady slide in Apple Inc. shares pushed the iPhone maker’s market value below $2 trillion, the latest casualty in the tech stock rout. Apple fell as much as 3.7% on Tuesday as concerns about iPhone supply in the important holiday quarter mount and investors lose faith in a reprieve from higher interest […]
Read More(Bloomberg) — More analysts covering Apple Inc. are cutting their share-price forecasts, signaling growing concerns about an economic slowdown that could hurt the sales of its products. Wells Fargo Securities and Morgan Stanley were the latest to lower their price targets, joining a drumbeat of brokerage firms that have recently reduced their stock forecasts ahead […]
Read More(Bloomberg) — The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Gene Levoff, Apple’s former director of corporate law, pleaded guilty on Thursday to six counts of securities fraud between 2011 and 2016. Levoff, 48, was co-chairman […]
Read More(Bloomberg) — Apple Inc. extended gains on Tuesday, in a winning-streak last seen nearly two decades ago, as improved risk sentiment is sending investors back to the largest U.S. technology companies. Apple rose for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached […]
Read More(Bloomberg) — Apple Inc. looks set to snap its longest win streak this year after a report that the iPhone maker is cutting production of its entry-level smartphone by a fifth amid lower demand for consumer electronics. After nine straight sessions of gains, the stock fell 2% as of 6:36 a.m. in New York premarket […]
Read More(Bloomberg) — Apple Inc. is working on a subscription service for the iPhone and other hardware products, a move that could make device ownership similar to paying a monthly app fee, according to people with knowledge of the matter. The service would be Apple’s biggest push yet into automatically recurring sales, allowing users to subscribe […]
Read More(Bloomberg) — Apple Inc. is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent, according to people with knowledge of the matter. The iPhone maker doled out the bonuses in recent days to a select group of employees in its software and […]
Read More(Bloomberg) — As the Nasdaq 100 Index once again threatens to fall into a bear market, Apple Inc. is living up to its reputation as a relative haven in a turbulent time for tech. While the shares have declined in 2022, the iPhone maker is the best performer among mega-cap companies, with a 10% drop […]
Read MoreEven with Apple’s stock (APPL) cooling down a touch this week as the company flirted with a $3 trillion market cap for the first time, pros say several positives remain in the cards that are likely to push shares higher soon. “It is entirely possible that we are seeing the perfect storm for Apple bulls […]
Read MoreMacro supply-chain pressures might have impacted Apple’s (AAPL) recent relatively disappointing FQ4 (September) print, but Tigress analyst Ivan Feinseth believes these issues are transitory. In fact, the analyst thinks product demand, new product introductions, and “accelerating” Services should all keep the bears at bay. It goes without saying, but Feinseth notes “demand is a good […]
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