Apple and Google face online gaming probe in UK by competition watchdog
The UK's competition watchdog is investigating the US tech giants, after suggesting they are imposing restrictions which could potentially hamper the growth in the sector
Company
Apple Inc
NASDAQ:AAPL
Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a variety of related services. The company's product categories include iPhone, Mac, iPad and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS and tvOS. Apple's services include advertising, AppleCare, cloud services, digital content and payment services.
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Hardware & electrical equipment
Apple warns iPhone 14 deliveries will be lower than expected
Apple failed to provide an exact figure on much production would be hit at the plant, but a report last week by Reuters said production could drop by 30%
Hardware & electrical equipment
Apple iPhone output at major China plant could fall by 30% amid COVID-19 curbs - Reuters
The newswire said manufacturer Foxconn is working to boost production at another factory in Shenzhen city to make up for the shortfall
Hardware & electrical equipment
Are Amazon and Apple still a Buy after disappointing earnings?
Despite reporting less-than-stellar results on Thursday, with Amazon in particular coming in far below expectations, Canaccord still had positive sentiments towards both companies
Big-tech damage report: How bad was it for Apple, Meta, Amazon, Alphabet and Microsoft?
This week’s big-tech earnings season had big losers, some pleasant surprises, and an US$800bn market rout
Hardware & electrical equipment
Apple fiscal 4Q earnings beat estimates but iPhone revenue comes up short
iPhone revenue came in at $42.63 billion, up 9.67% year-over-year, but short of Street expectations of over $43.2 billion
Hardware & electrical equipment
Apple Music raising prices is a ‘nice surprise’ for music giants like Universal Music Group, Barclays analysts say
For UMG, one of the big three music corporations along with Sony Music and Warner Music Group, that means more money for them too
Hardware & electrical equipment
City watchdog examines if big tech is harming UK financial industry
Big tech’s presence in the financial markets, according to the UK regulator, has been steadily increasing
Hardware & electrical equipment
Apple’s challenges pile on in lead up to full-year results
Mixed iPhone 14 reception and downgraded forecasts prove tech giant is not immune to market downturn
Hardware & electrical equipment
Apple impacted most as new EU electronic charging measures ratified
EU lawmakers voted overwhelmingly in support the measure, with 602 votes in favour versus only 13 against
Apple loses another legal appeal against Qualcomm
The companies have been in and out of legal battles since 2016
Hardware & electrical equipment
Apple's vice president leaves after vulgar comments in viral TikTok video
The video, posted on 5 September, received 1.3mln views
Hardware & electrical equipment
Apple stock plunges after Bank of America downgrades stock from ‘Buy’ to ‘Neutral’
“Although Apple’s long-term prospects remain favorable, we see incremental risk to earnings and valuation over the near term,” Bank of America analysts wrote
Hardware & electrical equipment
Apple U-turns on iPhone 14 production after lower-than-expected demand
California-based electronics seller told suppliers to slash production by as much as 6mln units in the second half of 2022
Hardware & electrical equipment
Apple makes iPhone 14 in India to accelerate production shift from China
The American technology giant has just 3.8% of sales in India, the world’s second-biggest smartphone market
Hardware & electrical equipment
Apple raises app prices in Europe, Chile and parts of Asia
Countries outside the eurozone to be impacted are Sweden and Poland from Europe, Japan, Malaysia, Vietnam, South Korea and Pakistan from Asia and Chile
Hardware & electrical equipment
iPhone users can now edit and unsend text messages
Users of iPhones may download the update at any time, though iPad users will have to wait until October
Hardware & electrical equipment
Apple unveils iPhone 14 at eagerly awaited launch event
The tech giant has launched a raft of new products including the iPhone 14, iPhone 14 Pro, Apple Watch Series 8 and AirPods Pro 2
Hardware & electrical equipment
Apple says to appeal Brazil sales ban of iPhone without charger as new products set for launch
On Tuesday, the Brazilian Justice Ministry fined Apple 12.275 million reais ($2.38 million) and ordered the company to cancel sales of the iPhone 12 and newer models, Reuters reported
Hardware & electrical equipment
Apple iPhone 14 series launch date is tomorrow
Apple is set to release its iPhone 14 series on September 7 at its 'Far Out' event, to be streamed live on Apple.com and YouTube
Hardware & electrical equipment
Apple plans to start manufacturing iPhone 14 in India as it seeks alternatives to China - report
The US tech giant has been working with suppliers to ramp up production in India and shorten the lag in manufacturing new iPhones from the typical six to nine months for previous launches, a Bloomberg report said
Hardware & electrical equipment
Apple, Microsoft, Salesforce: Which of the big techs stocks are worth buying?
The earnings collapse predicted in some quarters has failed to materialise in the tech sector, so what's in store going forward?
Hardware & electrical equipment
Apple reveals major security risk for iPhones, iPads and Macs
The company has released a security update to fix these newly discovered vulnerabilities, which it says hackers “may have actively exploited."
Hardware & electrical equipment
Apple's share price wobbles after it discloses security flaws
The tech giant's shares dipped again in pre-market trades after it alerted the market to security flaws affecting its iPhones and iPads
Hardware & electrical equipment
Wedbush raises its target price for Apple to $220 per share from $200, repeats 'Outperform' rating
The Wedbush analysts said: "Our Asia supply chain checks on Apple over the last few weeks remain very firm (further slight improvement) as Cupertino is in the final stages of setting up for its iPhone 14 release in mid-September"
Hardware & electrical equipment
China tells Apple: Ditch Taiwan labels on imports
US tech titan faces supply-chain disruptions if China demands not met
Hardware & electrical equipment
Apple stock pops Friday after positive 3Q earnings report
Apple posted a June quarter revenue record of US$83 billion, up 2% year over year, and quarterly earnings per diluted share of US$1.20
Hardware & electrical equipment
Apple to slow hiring and investment ahead of potential downturn - report
The brakes will be put on recruitment in some departments
Hardware & electrical equipment
Apple's former co-chair of financial disclosure pleads guilty to insider trading
Apple's former lawyer Gene Levoff traded Apple stock during blackout periods despite notifying staff that they were prohibited from doing so
Apple, Google urged to remove TikTok from app stores by Republican
He alleged TikTok, owned by China's ByteDance, collected vast amounts of personal data on US users that could be accessed by ByteDance's employees in Beijing
Hardware & electrical equipment
Apple iPhone hits 15 and its legacy is still growing
As the iconic iPhone turns 15, it has served as a catalyst for the technologies introduced within
Hardware & electrical equipment
Apple's hearing bid on two Qualcomm patents rejected by US Supreme Court
Apple wanted to pay a lower amount to use Qualcomm technology in its devices, but Qualcomm filed a lawsuit against Apple for patent infringement, seeking a ban on sales
Hardware & electrical equipment
Apple could release VR headset this January
This isn’t the first time Kuo has made a prediction on the release, having said it could be released at some point this year
Britain's 'buy now, pay later' lenders to be regulated
FCA is set to regulate companies as borrowers flock to interest-free payments
Hardware & electrical equipment
Apple sued for £750mln in UK for secretly 'throttling' iPhones
As many as 25mln Britons who owned an older iPhone model in 2017 may be able to receive compensation from Apple if the lawsuit is successful
UK watchdog to investigate Apple, Google's dominance of mobile browsers
The CMA charged the two tech giants had a stranglehold over operating systems, app stores, and web browsers on mobile devices
Hardware & electrical equipment
Apple dealt a blow as EU orders single charging port for mobiles and laptops
The move will require all mobile phones, tablets, and cameras to have USB Type-C charging ports by late 2024
As Saudi Aramco shoves aside Apple as 'world biggest company', how are top six stocks performing?
The change in fortunes has been attributed to surging oil prices, which hiked shares in the Saudi state-owned giant higher, while a global mass technology stock sell-off hurt the iPhone maker
Hardware & electrical equipment
Apple's machine learning chief quits over return-to-office policy
He left a note to colleagues saying, "I believe strongly that more flexibility would have been the best policy for my team"
Don't buy FAANG stocks buy MANG, says broker
Earnings disappointments from some members of FAANG has led to a considerable derating in share prices this year, for the wider stock market too
Hardware & electrical equipment
Apple on the defensive over Apple Pay platform after European Commission preliminary finding
Only Apple's payment platform has access to the iPhone's near field communications chip. Apple makes huge profits every year. Are these two things by any chance connected?
Hardware & electrical equipment
Apple reports record-breaking March quarter off strong consumer demand
The company reported a higher-than-expected profit of $1.52 per share, ahead of analyst estimates of $1.43 per share
Hardware & electrical equipment
Apple to face additional EU antitrust charges
Among several probes, the tech titan was accused last year of distorting competition in the music streaming market by the European Commission
Big US tech back on investors' table as inflation risks ease - UBS
After the Nasdaq 100 de-rated 20% since November, some investors believe a larger drop is needed, but "we are less concerned" said the Swiss bank's strategists
Hardware & electrical equipment
Apple's Tim Cook rips into antitrust regulation, says rules would hurt iPhone users
Legislative efforts to break open Apple's 'walled garden' could erode people's privacy
Hardware & electrical equipment
Apple under further scrutiny from European Commission after Spotify complaint
Citing an unnamed source, the Reuters news agency said the European Commission’s investigation into Apple will now include a raft of additional anti-competitive charges.
Hardware & electrical equipment
EU targets Big Tech with landmark rules
EU rules are designed to tackle Big Tech dominance
Hardware & electrical equipment
Apple expands payment technology arsenal with $150mln Credit Kudos deal
The tech-giant has been expanding its payment offerings and may use the UK startup to help launch a UK version of its Apple Card
Hardware & electrical equipment
Apple supplier Foxconn closes Chinese factories on lockdown amid Covid-19 outbreak
Chinese markets slumped on Monday morning, with the Hang Seng Tech index of large technology stocks down approximately 11% and China’s CSI 300 index falling 3.1%
Hardware & electrical equipment
Apple to launch new iPhone SE into huge pent-up demand - broker
Wedbush believes investors are underestimating the demand
Apple pulls products and limits services in Russia
Sales of products like iPhone, iPad and Macs halted while Pay and Maps services limited
Archive
US stocks end higher as Apple results spark equities
At the close, the Dow gained 565 points to 34,726, while the S&P 500 added 105 points at 4,432 and the tech-heavy Nasdaq climbed 418 points to 13,771
Hardware & electrical equipment
Apple reassures with stellar festive sales and excites with augmented reality products move
Boss Tim Cook said costs were "very elevated" and while he hoped there would be some easing, he acknowledged "the world has changed and we’ll see”
Five at Five: FTSE 100 given a shot by Diageo; Downing a few drinks; taking the P out of IPOs; Federal Unreserved; summer hols ahoy!
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Hardware & electrical equipment
Apple to provide some tech reassurance with record sales
Stockbroker Wedbush said iPhone 13 sales were robust globally during a strong festive season
Archive
US stocks close down amid continuing volatility
The three major averages are solidly in negative territory this month following a series of roller-coaster sessions
Hardware & electrical equipment
Apple to announce record sales as tech giant remains ‘outperform’ - broker
This performance was despite an unprecedented chip shortage out of Asia’s supply chain
Hardware & electrical equipment
Apple chief Tim Cook lands US$100mln in 2021
The Apple boss became a billionaire in August 2020 joining fellow tech giants Elon Musk and Jeff Bezos, although unlike the duo Cook did not found Apple
Hardware & electrical equipment
US stock close lower day after massive sell-off in tech stocks on Fed tightening
The 10-year Treasury yield also pushed as high as above 1.75%, after ending 2021 at 1.51%.
Hardware & electrical equipment
US stocks end Tuesday on mixed footing; Dow hits new record high
The Dow Jones Industrial Average set a new closing record on Tuesday at 36,799 points after optimistic economic data helped to propel the index above its previous highs
Hardware & electrical equipment
Apple becomes world’s first company to hit US$3trn market value
The shares rose by over 40% last year to drive what was a watershed moment for Big Tech, one analyst said
Archive
15 investment tips for 2022: stocks, funds and crypto ideas from the professionals
Proactive's Xmas list offers investment top tips for the year ahead, ranging from large and small-cap stocks, to investment funds and crypto
Hardware & electrical equipment
Apple closes all 12 New York City stores to indoor shopping as Omicron variant cases surge
The company, which has closed about 20 of its retail stores nationwide for both health and staffing issues, said customers will be able to pick up online orders at the NYC stores
US shares close mixed as Omicron worries crimp market optimism
The Dow Jones Industrial Average ticked up 0.3%, while the tech-dominated Nasdaq Composite fell 0.6% to close at 15,781.72
Apple and Google have "vice-like grip" over mobile devices, UK competition watchdog warns
The Competition and Markets Authority said it is concerned that the two companies’ duopoly is leading to less competition and meaningful choice for customers
US stocks go green at Wednesday's close on Omicron vaccine optimism
Wall Street extended its winning streak for a third straight day
Hardware & electrical equipment
Wedbush says 10 million Apple iPhones set to be sold over blowout Black Friday weekend
Analysts at Wedbush Securities maintained an 'Outperform' rating and 12-month $185 price target on the iPhone maker
Hardware & electrical equipment
Apple sues spyware company NSO Group
It claims to have provided new information on the attacks by the Israeli company
Hardware & electrical equipment
Amazon and Apple fined over €200mln by Italian antitrust authority - report
Both Apple and Amazon plan to appeal against the fines
Hardware & electrical equipment
Apple denied delay to Epic Games change in app store payments
The iPhone maker has to allow links to third-party payment in the coming weeks after an appeal was denied.
Hardware & electrical equipment
COP26: US President Biden to launch clean energy coalition, Apple founding member
The First Movers Coalition is a platform for building private-sector demand to speed clean energy technology innovation
Hardware & electrical equipment
US stocks close higher despite Apple and Amazon earnings misses
About half of the S&P 500 have reported quarterly results with more than 80% beating earnings estimates
Hardware & electrical equipment
Apple continues descent after mixed update
Investors were spooked by supply chain issues, while sales missed market expectations despite setting new records across the board
Hardware & electrical equipment
Apple Inc ‘very likely’ to face lawsuit – report
The US Department of Justice has made actions that have seemingly sped up the investigation
Hardware & electrical equipment
Apple's iPhone sales to be affected by chip shortages predicts JP Morgan
JPM expects iPhone revenue of $63bn for the first quarter of fiscal 2022
Hardware & electrical equipment
Apple expected to unveil more powerful Mac - report
The new MacBook Pro models are expected to feature a more powerful generation of the company's in-house-designed chip, Reuters reported
Apple Pay "express transit" vulnerability still not fixed, researchers claim
The weakness lies in the ApplePay and Visa systems working together and does not affect other combinations, such as Mastercard in iPhones, or Visa on Samsung Pay.
Apple co-founder launches space company with mission to be confirmed
More details will apparently be shares at a conference later on Thursday
Hardware & electrical equipment
Mobile games sector unlikely winner after lose-lose Apple vs Epic ruling
Mobile game makers, in particular, may benefit from improved margins, if customers make payments on other platforms.
Apple in another climbdown as Japanese regulator puts its foot down over reader apps
Apple said it would apply the change globally to all reader apps in its massively lucrative Apps store.
Hardware & electrical equipment
Apple targets rising interest in classical music with Primephonic buy
The iPhone maker said it would launch an upgraded dedicated classical music streaming app next year
Hardware & electrical equipment
US stocks close sharply higher as Powell talks down tapering
At the session’s end, the Dow gained 0.7% to 35,455, while the S&P 500 rose 0.9% to 4,509 and the tech-heavy Nasdaq climbed 1.2% to 15,130.
Hardware & electrical equipment
Apple boss Tim Cook trousers hundreds of millions after latest share award
The Apple share price has risen from around US$13.30 (adjusted) to around US$147 in the 10 years Cook has been in charge of the company
Demand for Apple’s iPhone 13 looking strong, says broker
The launch of the iPhone 13 is expected to benefit from a post-pandemic reopening environment
Apple, Google and Microsoft all upgraded after bumper earnings
All three underlined their strength and market dominance said brokers
Hardware & electrical equipment
Apple delivers best-ever third quarter as iPhone sales soar
Sales of the tech giant's iconic smartphone surged 49.8% to US$39.6bn during the quarter, while its key services arm also jumped 32.9% to US$17.5bn
Plenty riding on Apple, Microsoft and Alphabet earnings on Tuesday
The trio are worth a combined US$6.5 trillion and, combined with Amazon, represent around 20% of the entire weight of the S&P 500
Hardware & electrical equipment
Apple: Analysts eyeball US$3 trillion as they await Q2 earnings
Apple releases its second-quarter earnings on Tuesday.
Hardware & electrical equipment
Apple gets earnings estimates, price target hike by Canaccord Genuity ahead of tech giant's third-quarter earnings
Based on the increased iPhone estimates and expectations for strong growth trends continuing across all product lines, the Canaccord analysts increased their third-quarter 2021 EPS estimate for Apple to $1.03 from $0.94
Archive
US stocks close higher, recouping last week's losses
Fears over an increasingly hawkish Fed appear to have been eased today, said IG analyst Mahony
Rainbow rewards: LGBT+ inclusive firms outperform global equities overall
A report from Credit Suisse reported that its list of LGBT+ inclusive firms had outperformed that MSCI ACWI global equities benchmark by 432 basis points per year since 2010
Hardware & electrical equipment
Apple said to be developing wireless charging version of the iPad Pro
Apple was very, very late to the wireless charging party but seems now to be getting the hang of it.
Archive
Dow plunges nearly 475 points; Nasdaq buoyed by late tech gains
The Nasdaq initially appeared headed for a soundly negative session, but big tech found its footing as the day went on
Hardware & electrical equipment
Apple slapped with UK class action over app payments
Apple generates “unlawfully excessive levels of profit” from app store payments according to claims
A bite of Apple to mark latest Big Tech earnings, Facebook opens its account books
The iPhone maker and the social networking giant are due to report quarterly numbers after Wednesday's close on Wall Street
Hardware & electrical equipment
Apple unveils new iMac and iPad Pro ranges in latest product launch
The tech giant also announced its new range of AirTag tracking devices as well as well as a new paid subscription capability for its podcast app
Hardware & electrical equipment
Apple’s MacBook and iPad production hit by computer chip shortages
The tech giant has reportedly postponed some iPad assembly due to a shortage of display components, while a lack of chips has also delayed a key step in the MacBook production cycle
Hardware & electrical equipment
Apple's electric car plans are key for big upgrade from UBS
The real option value of Apple's move into the BEV space is worth at least an incremental $14 share
Hardware & electrical equipment
Apple under investigation by the Competition and Market Authority
Apple takes a more totalitarian approach to its App Store compared to Google