Apple shines in pandemic with $2 trillion value on horizon
4 years, 4 months ago

Apple shines in pandemic with $2 trillion value on horizon

The Hindu  

The initial spread of the novel coronavirus shut down the factories in China that assemble its iPhones and also closed its retail stores in a country that ranks as the company’s biggest market besides the U.S. Things looked even bleaker in March after the global pandemic shoved the U.S. economy into what now looks to be its deepest downturn since the Great Depression nearly a century ago. It looks like “a performance for the ages,” as Wedbush Securities analyst Daniel Ives described it last week after Apple released unexpectedly strong earnings for an April-June quarter during which most U.S. consumers were stuck at home and the company’s U.S. stores were closed most of that time. Factories in China reopened by March and Apple’s hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online. An upcoming four-for-one stock split that will make Apple’s shares more affordable to more investors also sparked a rally after it was announced last week.

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History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
1 week ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Apple tops the list of best-managed companies of 2024
2 weeks, 1 day ago

Apple tops the list of best-managed companies of 2024

Live Mint  

Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America’s best-run companies, with Apple unseating Microsoft at No. Apple’s winning formula Tech companies were the clear winners in this year’s ranking, having been able to emerge from a downturn that saw them laying off thousands of workers after a period of …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector
1 month, 2 weeks ago

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector

Firstpost  

The buzz around NVIDIA isn’t just politics. The company has become a major player in the US stock market’s tech rally, driven by a fierce competition among Microsoft, Alphabet, and others in the race to dominate artificial intelligence The AI chip giant saw its stock jump by 2.2 per cent, a bump that propelled NVIDIA's market capitalisation to $3.65 trillion, …

Nvidia surpasses $3.6 trillion market value after Trump win
1 month, 2 weeks ago

Nvidia surpasses $3.6 trillion market value after Trump win

The Hindu  

Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalisation of $3.57 …

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
1 month, 3 weeks ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

Nvidia Soars Past Apple to Become World's Most Valuable Company
1 month, 4 weeks ago

Nvidia Soars Past Apple to Become World's Most Valuable Company

Deccan Chronicle  

Nvidia surpasses Apple as the world's most valuable company, with its stock market value exceeding Apple's by a small margin. This surge in Nvidia's stock is attributed to insatiable demand for its specialized AI chips, boosting the company's market value to a record high. Meanwhile, Apple's stock remains stable, with its market value slightly higher than Nvidia's but still significantly …

Nvidia Soars Past Apple to Become World's Most Valuable Company
Trending News
1 month, 4 weeks ago

Nvidia Soars Past Apple to Become World's Most Valuable Company

Firstpost  

Nvidia surpasses Apple to become the world's most valuable company, with its market cap reaching $3.53 trillion. This surge in stock value is driven by insatiable demand for Nvidia's AI chips, which have become essential for various AI applications. Despite Apple's strong presence in the tech industry, Nvidia's dominance in the AI chip market has solidified its position as the …

Apple to increase its investment in China, Tim Cook says
2 months ago

Apple to increase its investment in China, Tim Cook says

China Daily  

Apple to increase its investment in China, Tim Cook says By Cheng Yu chinadaily.com.cn Updated: Oct 23, 2024 Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. Tim Cook, CEO of Apple Inc, said the company will continue to increase investment in China and contribute to the industrial and supply chains, as he met with …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
3 months, 3 weeks ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers
3 months, 3 weeks ago

Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze
4 months, 3 weeks ago

Apple breaks out of recent sales slump as it gears up to make its leap into the AI craze

Associated Press  

Apple snapped out of a prolonged sales slump during its most recent quarter as the trendsetting company prepares to launch into the artificial intelligence craze with an arsenal of new technology that’s expected to juice demand for its next iPhone. Sales of the iPhone — Apple’s marquee product — remained on a downward slope though, dipping 1% from last year …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
5 months, 1 week ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

Apple records highest growth as the global PC market continues its recovery in Q2 2024
5 months, 1 week ago

Apple records highest growth as the global PC market continues its recovery in Q2 2024

The Hindu  

The global PC market delivered its second quarter of growth following seven consecutive quarters of decline. Worldwide shipments reached 64.9 million units in the second quarter of 2024 with the overall market benefitting from commercial refresh cycles, hype around AI PCs and promotional activity from consumer-oriented brands, IDC shared in a blog post. While there is buzz around AI, a …

Apple is world's most valuable company again after Microsoft briefly took title
6 months, 1 week ago

Apple is world's most valuable company again after Microsoft briefly took title

Hindustan Times  

Apple overtook Microsoft becoming the world’s most valuable company again flanked by improving investor sentiment over its growth and position with artificial intelligence. Since January, this marks the first time that Apple closed with a higher market value than Microsoft. Earlier this week, Apple closed in third place behind Nvidia Corp. Rhys Williams, chief strategist at Wayve Capital Management, said, …

Apple Intelligence pushes iPhone maker’s stock to record high, market cap at $3.18tn
6 months, 1 week ago

Apple Intelligence pushes iPhone maker’s stock to record high, market cap at $3.18tn

Firstpost  

Apple stock went up by over 7.26% after a day of Apple Intelligence getting announced. This also pushed Apple’s market cap to over $3.18 trillion, way clear of NVIDIA’s $2.97 trillion Apple stock has been through a rather rough phase this year. Following the debut of Apple Intelligence at WWDC 2024, Apple’s stock price soared to a record high, closing …

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
6 months, 2 weeks ago

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Monday's conference “represents the most important event for …

Nvidia passes Apple in market cap as second-most valuable public US company
6 months, 2 weeks ago

Nvidia passes Apple in market cap as second-most valuable public US company

Hindustan Times  

Nvidia passed Apple in market cap and is now the second-most valuable public company, behind Microsoft. The company hit a $3 trillion market cap milestone after shares rose over 5%. Microsoft is the most valuable publicly traded company with a market cap of $3.15 trillion. Apple was the first company to cross all milestones of $1 trillion, $2 trillion and …

Record breaking Q2 growth in India: Apple
7 months, 2 weeks ago

Record breaking Q2 growth in India: Apple

The Hindu  

Apple witnessed significant growth in India and the country remains a “major focus” said Apple Inc CEO Tim Cook. ‘’In terms of the operational side or supply chain side, we are producing there, from a pragmatic point of view, you need to produce there to be competitive,’‘ he said referring to India. In another India-involved call-out during the Q2 earnings, …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
7 months, 3 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple’s revenue drops, net sales of iPhone and iPad plunge
7 months, 3 weeks ago

Apple’s revenue drops, net sales of iPhone and iPad plunge

The Hindu  

Apple reported quarterly revenue of $90.8 billion, which was down 4% year over year, as it noted a drop in the net sales of iPhones, iPads, and wearables in the past one year. While it surpassed low expectations, Apple announced a record $110 billion stock buyback. The premium gadget maker has been looking to put together more of its handsets …

Apple stock rallies over upbeat forecast, record-setting stock buyback
7 months, 3 weeks ago

Apple stock rallies over upbeat forecast, record-setting stock buyback

Hindustan Times  

Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. “We believe we are well-positioned.” Cook said Thursday that Apple will stand out from its AI rivals by tightly integrating hardware and software, using in-house chips, and making …

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset
7 months, 3 weeks ago

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset

NPR  

Apple shows its steepest quarterly decline in iPhone sales since pandemic's outset Enlarge this image toggle caption Mark Lennihan/AP Mark Lennihan/AP Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic's outset, deepening a slump that's increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest …

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
7 months, 3 weeks ago

Apple’s quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news

Associated Press  

Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that generates most of Apple’s revenue. …

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic
7 months, 3 weeks ago

Apple suffers 10% drop in quarterly iPhone sales to start the year, biggest drop since pandemic

LA Times  

The sun is reflected on Apple’s Fifth Avenue store in New York. Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. It marked the biggest drop in iPhone sales since the July-September period in …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
8 months, 1 week ago

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?

Hindustan Times  

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India. The Cupertino, California-based company has struggled to sustain sales …

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high
9 months, 2 weeks ago

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high

Firstpost  

Apple’s slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by about 10 per cent since it reached an all time high in December 2023. This has caused its market cap to go down by $300 billion Apple's slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by …

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge
10 months, 3 weeks ago

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge

Firstpost  

Meta and Amazon witnessed a substantial surge in their stock market values, collectively adding $280 billion, while Apple’s value dipped by $70 billion following the release of their respective quarterly results. In contrast, Apple’s quarterly results exceeded analysts’ expectations, but a 3.3 per cent dip in its stock value occurred as sales in China fell short of estimates. However, analysts …

Amazon and Meta surge after results, while Apple drops
10 months, 3 weeks ago

Amazon and Meta surge after results, while Apple drops

The Hindu  

Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results. Investor optimism about generative AI drove rallies in the U.S. stock market's most valuable companies last year, with many hitting all-time highs in …

Amazon and Meta surge after results, while Apple drops
10 months, 3 weeks ago

Amazon and Meta surge after results, while Apple drops

Live Mint  

Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results. Meta's stock surged over 14% to a record high $451 after the bell, elevating its market capitalization by $148 billion to $1.16 trillion …

Apple China sales lag overshadows quarterly profit, revenue beats
10 months, 3 weeks ago

Apple China sales lag overshadows quarterly profit, revenue beats

Live Mint  

Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall sales and profit that beat analysts' targets, powered by iPhone growth. Wall Street had been targeting just under $96 billion in sales, a small year-over-year rise, according to LSEG data, compared with Apple's forecast of roughly $90 billion, which is $5 billion below last year's figure. Apple …

Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips
10 months, 3 weeks ago

Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips

Associated Press  

SAN FRANCISCO — Apple snapped out of a yearlong sales funk during its holiday-season quarter, propelled by solid demand for the latest model of its iPhone and still-robust growth in a services division facing legal threats that could undermine its prospects. The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
10 months, 3 weeks ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Investors see Microsoft's stock market value leaving Apple behind
10 months, 3 weeks ago

Investors see Microsoft's stock market value leaving Apple behind

The Hindu  

Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week. Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple …

Microsoft hits $3 trillion market value, briefly surpasses Apple Inc as world's most valued company
10 months, 4 weeks ago

Microsoft hits $3 trillion market value, briefly surpasses Apple Inc as world's most valued company

Hindustan Times  

As the company shares rallied on the stock market, tech giant Microsoft's market value hit $3 trillion for the first time on Wednesday, briefly making it the most valued company in the world. Microsoft market value surpasses $3 trillion on Wednesday Eventually, Microsoft retained its position as the second most valued company in the world, just behind iPhone maker Apple. …

Microsoft overtakes Apple as world's most valuable company
11 months, 1 week ago

Microsoft overtakes Apple as world's most valuable company

The Hindu  

Microsoft overtook Apple as the world's most valuable company on Thursday after the iPhone maker began 2024 with its worst start in years due to growing demand concerns. Shares of Redmond, Washington-based Microsoft rose 1.5%, giving it a market valuation of $2.888 trillion as its early lead in the race to make money from generative artificial intelligence helped draw investors. …

Microsoft becomes world's most valuable company overtaking Apple
11 months, 1 week ago

Microsoft becomes world's most valuable company overtaking Apple

India TV News  

In the race to be the most valuable IT company, Microsoft overtook Apple on Thursday. Washington-based Microsoft became the world's most valuable company after the iPhone maker's shares made a weak start to 2024 due to growing concerns over demand. What analyst said DA Davidson analyst Gil Luria said, "It was inevitable that Microsoft would overtake Apple since the former …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
1 year, 1 month ago

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones

Associated Press  

Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company. The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch …

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone
1 year, 4 months ago

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone

India TV News  

Apple's CEO Tim Cook announced that the company achieved record-breaking June quarter results in India, driven by strong iPhone sales. Apple's local manufacturing also achieved record-breaking success, with iPhone exports reaching Rs 10,000 crore in May, contributing to total mobile shipments of Rs 12,000 crore that month. Luca Maestri, Apple's CFO, highlighted an all-time revenue record for iPhone in India …

Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter
1 year, 4 months ago

Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter

Associated Press  

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a showing that may not be enough to sustain investor enthusiasm that recently made the iPhone maker the first publicly held U.S. company to be valued at $3 trillion. Investors have remained upbeat about Apple’s prospects despite the company’s modest sales erosion, largely because …

Apple now becomes world's first $3 trillion company | DETAILS
1 year, 5 months ago

Apple now becomes world's first $3 trillion company | DETAILS

India TV News  

Apple on Friday became the first publicly traded company to close a trading day with a USD 3 trillion market value. Market value earlier pushed below USD 2 trillion The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a USD 3 trillion market value on back-to-back days in January 2022, but couldn't hold on by the …

Apple becomes the first publicly traded company to be valued at $3 trillion
1 year, 5 months ago

Apple becomes the first publicly traded company to be valued at $3 trillion

The Hindu  

Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value on back-to-back days …

Apple is now the first public company to be valued at $3 trillion
1 year, 5 months ago

Apple is now the first public company to be valued at $3 trillion

Associated Press  

SAN FRANCISCO — Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value …

Apple secures $3 trillion valuation for second time in iPhone maker's history
1 year, 5 months ago

Apple secures $3 trillion valuation for second time in iPhone maker's history

The Telegraph  

Apple has become a $3 trillion company for the second time in its history as consumers continue to snap up its iPhones despite the cost-of-living crisis. Apple previously briefly notched a $3 trillion market value in January 2022, but failed to maintain that momentum and its shares later fell on the back of supply chain challenges and lockdowns in China. …

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch
1 year, 6 months ago

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch

Live Mint  

Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. “Even with how much it has risen, it still feels like a quality company, with a lot of cash, continued innovation, a fortress balance sheet, and a …

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets
1 year, 7 months ago

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets

Firstpost  

Apple Inc reported their earnings that have gone above forecasts on Thursday, demonstrating the tech giant’s resilience in a slowing global economy thanks to higher-than-expected iPhone sales and significant gains in India and other emerging economies. Apple’s stock gained 2 per cent after the firm topped Wall Street’s revenue and profit projections for the first quarter ended April 1. Also …

Global PC Shipments Slide In Q1, Apple Takes Biggest Hit: Report
1 year, 8 months ago

Global PC Shipments Slide In Q1, Apple Takes Biggest Hit: Report

News 18  

Global shipments of personal computers fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation said global PC shipments numbered 56.9 million in the first quarter of this year, …

Computer sales plunge, Apple’s 40% drop steepest: Report
1 year, 8 months ago

Computer sales plunge, Apple’s 40% drop steepest: Report

Hindustan Times  

Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. The slowdown in consumer spending over the past year has led to double-digit declines in smartphone shipments and an accumulating glut among the world’s foremost memory chip suppliers. “Though channel …

Meta, Amazon, Alphabet, Apple earnings: Big tech’s bad year is over.
54 years, 11 months ago

Meta, Amazon, Alphabet, Apple earnings: Big tech’s bad year is over.

Slate  

This article is from Big Technology, a newsletter by Alex Kantrowitz. As tech analyst Dan Ives put it in a DM Thursday, “Huge rebound underway.” Big Tech’s share prices are still well below their all-time highs—and the ascent will be slow—but they’re poised for improvement now that certainty is returning to the economy. As inflation soared in 2021 and 2022 …

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