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Apple Plans to Invest $500 Billion in U.S. in Next 4 Years, Hire 20,000 People

iPhone maker Apple announced on Monday that it plans to invest $500 billion in the United States over the next four years and hire 20,000 people in the process. Apple's domestic spending will also consist of building a new server manufacturing plant in Houston, Texas,...

Apple Replacing Longtime CFO Luca Maestri

iPhone maker Apple announced a major change in its executive ranks. The tech giant announced that its longtime Chief Financial Officer (CFO) Luca Maestri will leave the role effective January 1, 2025. Maestri won’t leave the company altogether and will instead work as a leader...

Third Point’s Daniel Loeb Says Apple Stock Has “Room For Significant Upside”

The shares of iPhone maker Apple are already 22.19% up-year-to-date. However, billionaire Daniel Loeb, founder of hedge fund Third Point, believes the stock has yet to reach its peak and has plenty of room to grow. In a letter sent to investors earlier this week,...

Apple to Delay the Launch of AI Features

iPhone maker Apple is set to delay the launch of its highly-anticipated artificial intelligence features known as Apple Intelligence. According to a recent report by Bloomberg, Apple Intelligence will not be part of the upcoming launch of iOS 18 and iPadOS 18, which is...

Apple and Meta Had Discussions About AI Partnership

iPhone maker Apple and Facebook’s parent company Meta could soon become partners instead of rivals. At least, that is what a recent report from The Wall Street Journal is indicating. According to The Wall Street Journal, Apple and Meta have recently discussed a potential partnership...

iPhone Shipments Drop By 10%, Get Overtaken By Samsung as World’s Largest Phone Seller

2024 is shaping up to be a challenging year for tech giant Apple. The company saw its iPhone shipments drop by almost 10% in the first quarter, allowing Samsung to once again claim the spot as the world’s largest phone seller. Data released by IDC,...