Apple's Stock Surges on Record Buyback and Solid Earnings
Apple's shares saw a significant jump, soaring over 7% on Friday after the tech giant reported impressive second-quarter earnings.
US Justice Department Sues Apple for Alleged Monopoly in Smartphone Market
The US Justice Department and multiple states are suing Apple, accusing it of monopolizing the smartphone market.
Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
Apple's $10 Billion 'Project Titan' Automotive Dream Derailed
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
Apple Hits Pause on Electric Car Project
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
FTC Probes Big Tech's Cloud Investments in AI Startups Amid Competitive Concerns
The FTC is investigating Big Tech's investments in cloud services for smaller AI companies like OpenAI and Anthropic.
Apple Vision Pro Mixed-Reality Headset to Launch Ahead of Schedule in 2024
Apple is gearing up to mass ship its Vision Pro mixed-reality headset in the first week of January, with plans to launch it in Apple Stores in late January or early February, according to analyst Ming-Chi Kuo.
President Xi Jinping Dines with Top U.S. CEOs Amid Criticism and Controversy
China's President Xi Jinping attended a dinner in San Francisco with prominent American CEOs, including Tim Cook of Apple, Elon Musk of Tesla, and Larry Fink of BlackRock, among others.
China's Potential iPhone Ban Expansion Raises Concerns for Apple
China is reportedly planning to expand its ban on iPhones in sensitive departments to include government-backed agencies and state-owned companies, posing challenges for Apple in its largest foreign market and primary production base.
Tech Giants Commit to AI Safeguards in Deal with Biden Administration, But Regulation Concerns Remain
Several major tech companies, including Amazon, Google, Meta, Microsoft, and others, have made voluntary commitments to meet a set of artificial intelligence (AI) safeguards brokered by the White House.
Steadying the Ship: Apple iPhone Supply Finds Stability Following Disruptions in China
Apple has successfully addressed the production disruptions it faced last year, with CEO Tim Cook stating that iPhone supply was not an issue during Q2.
Apple Aims for 100% Recycled Cobalt in Batteries
Apple has recently declared that by 2025, they will use 100% recycled cobalt in their batteries, as well as all their magnets to be made with recycled earth elements.
Apple's Sales Performance in India
Apple has announced its plans to establish retail stores in India, aiming to attract a significant number of consumers.
Apple's Decarbonization Efforts Attract More Participants
Apple has announced that more suppliers have promised to use carbon-conscious energy.
Russia’s Kremlin orders government ban on the iPhone
The Kremlin of Russia has ordered all government officials to immediately cease use of Apple iPhones due to the phone’s perceived vulnerability to western intelligence breaches.
Apple is trying to break up with China
Heavily reliant on the country, Apple’s business has suffered after several years of strict Covid lockdowns in China.
Production of Apple products is shifting from China to India and Vietnam
Apple sent notice to its suppliers that the company was actively looking to focus its production in other Asian countries.
Foxconn’s iPhone factory shutdown will cost Apple $1 billion in iPhone sales per week
Chinese authorities imposed a seven-day lockdown of the central Chinese city of Zhengzhou last week, shutting down Apple’s iPhone factory in the location.
Covid-19 restrictions have shut down a key Chinese facility for Apple iPhones
The company’s primary assembly facility in Zhengzhou, China is operating at a “significantly reduced capacity” due to the country’s strict restrictions regarding the Covid-19 virus.
Apple asked Taiwan-based suppliers to re-label products as “Made In China”
Apple has raised an eyebrow or two after asking its Taiwan-based suppliers to begin labeling their products as “Made in China”.