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,...
Apple Stock in Correction Following August Slump
Apple finds itself in correction—whereby a stock declines by at least 10% from its peak—following what has been a chaotic month of August. Since the start of the month, the tech company's stock has slumped by 10.8% to $175.07; outpacing the 4.8% fall of...
Apple and Samsung to Invest in Arm at IPO
Apple and Samsung are both prepared to invest in SoftBank Group-owned chip designer Arm when it seeks to launch its initial public offering (IPO) in September. Both Apple and Samsung were among the 10 companies that Arm was in talks with over funding. Intel...
Apple Revenue Falls Amid Slump in iPhone Sales
Apple shares slumped by as much as 2.5% lower during after-hours trading on Thursday night following the release of the company's second-quarter financial results.
The tech giant's revenue for the three months ending June declined by 1.5% amid a third quarterly decline in iPhone sales....
Apple Stock Sees a Brief Jump Following News of AI Project
Apple’s reported entry into the world of complex artificial intelligence tools got the attention of investors and caused the company’s stock to have a brief jump on Wednesday. The shares of Apple jumped more than 2% at one point, reaching $197.18, before settling at...
Apple on Track to Close at Record High
Apple Inc. is on track to close at a record high after experiencing ahead of its most notable product launch event over the last decade. Shares in the company rose by 0.6% to $182.09 during premarket trading, thereby extending the iPhone maker's year-to-date growth...