Apple Closes in on $3 Trillion Stock Valuation
Apple is approaching a valuation of $3 trillion after its stock surged throughout since the start of the year. The company's shares are up 35% for the year to date, outpacing the 9% growth of the S&P 500.
The highest-valued company on the New York...
Apple Earnings Beat Estimates; iPhone Sales Surge
Apple's stock rose by 2% on Friday after the tech giant reported better-than-expected earnings for the first quarter of 2023. CEO Tim Cook admitted that the company's earnings were better than he expected.
Despite a fall in overall sales, Apple's iPhone sales surged by $51.33...
Apple Will Start Offering High-Yield Savings Accounts to Apple Card Holders
iPhone maker Apple continues to expand its financial services business. After introducing the “buy now, pay later” service Apple Pay Later last month, the company now announced that it would start offering high-yield savings accounts to its users.
Created in partnership with Goldman Sachs, the...
Apple Triples India iPhone Production, Shifting Output From China
Apple Inc. produced over $7 billion worth of iPhones in India during the last fiscal year, thereby tripling its annual production in the country. This comes as the company transitions away from its reliance on Chinese production.
Now, Apple manufactures around 7% of its iPhones...
Apple Shipments Plummet in First Quarter
Apple Inc.'s personal computer shipments fell by 40.5% during the first fiscal quarter, thereby following the industry trend of companies struggling to sell excess inventory. The company's shares fell by 1.7% following the announcement.
During the same period of Apple's decline, shipments across PC makers...
Apple Officially Launches Its “Buy Now, Pay Later” Service
Apple has officially entered the “buy now, pay later” game. On Tuesday, the tech giant launched its Apple Pay Later service that will allow users to split the cost of their purchases into four payments across six weeks.
The service, which was announced in the...