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pple shares, which have risen 37% so far this year, dropped 3.4% after-hours on Wall Street last night

Apple's forecast disappoints on iPad, wearables demand

Apple has given a sales forecast for the key Christmas quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading.

Business • 03 Nov 23

Apple has strongly denied that batteries in iPhones were defective, apart from in a small number of iPhone 6s models for which it offered free battery replacements

Lawsuit against Apple over iPhone battery can go ahead

Apple has today lost a bid to block a mass London lawsuit accusing it of hiding defective batteries in millions of iPhones by "throttling" them with software updates.

Business • 01 Nov 23

Apple is grappling with an uneven recovery in the world's second-largest economy and tougher competition from China's Huawei

Apple's forecast faces threat from Huawei, weak China

Apple investors will have one big question when the world's most valuable company reports earnings tomorrow - will Huawei's resurgence in China dampen its final quarter expectations?

Business • 01 Nov 23

The European Court of Justice today said there will be an opinion by the Advocate General on the Apple case on November 9

Opinion due on Commission appeal over Apple tax case

The European Court of Justice has confirmed there will be an opinion by the Advocate General on the Apple case on 9 November.

Business • 25 Oct 23

Apple CEO Tim Cook still owns about 3.3 million shares in the tech company after the recent sale

Apple CEO Cook makes $41m from latest stock sale

Apple chief executive Tim Cook made $41.5m after taxes in his biggest share sale in two years, a US securities filing showed.

Business • 04 Oct 23

Apple said today it would issue a software update for iPhone 12 users in France

Apple moves to defuse French iPhone 12 row

Apple today pledged to update software on iPhone 12s in France to settle a row over radiation levels, but concerns in other European countries signalled it may have to take similar action elsewhere.

Business • 15 Sep 23

Apple's iPhone 15 launch clouded by China problems

Apple is today expected to unveil a new iPhone 15 lineup as questions about market access in China and competition hang over the world's most valuable listed company.

Business • 12 Sep 23

Qualcomm is the leading designer of what are known as modem chips that connect phones to mobile data networks

Qualcomm to supply Apple with 5G chips until 2026

Qualcomm said today it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026.

Business • 11 Sep 23

Apple shares closed down 2.9% last night and suffered their worst two-day percentage decline since November

Concern in US as China widens iPhone restrictions

Beijing's widening curbs on iPhone use by government staff raised concerns among US politicians and fanned fears that US tech companies heavily exposed to China could take a hit from rising tensions between the countries.

Business • 08 Sep 23

The world's most valuable firm was set to lose around $100 billion in market value.

Apple tumbles, drags tech stocks lower

Apple fell nearly 4% today and sparked a selloff in tech stocks after reports that China has widened curbs on iPhone use by government staff in one of the US company's biggest markets.

Business • 07 Sep 23

A WSJ report claims that China has ordered officials at central government agencies to not use Apple's iPhones for work

China bans govt officials from using iPhones - report

China has ordered officials at central government agencies to not use Apple's iPhones and other foreign-branded devices for work or bring them into the office.

Business • 06 Sep 23

Apple posted a 2.4% decline in iPhone sales for its fiscal third quarter.

Apple expected to unveil new iPhones on Sept 12

Apple has said it will host an event on 12 September, setting the stage for what analysts believe will be the unveiling of a new line of iPhones and smartwatches.

Business • 29 Aug 23

Several internet giants - including Meta's Facebook and Instagram platforms and Apple's online App Store - will face new obligations in the EU from tomorrow

Big Tech braces for EU's Digital Services Act roll-out

More than a dozen of the world's biggest tech companies face unprecedented legal scrutiny, as the European Union's sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency.

Business • 24 Aug 23

Air - the story of Nike's deal with a young Michael Jordon - is just one of a wave of business-themed films to be released in the past year

Movie, business: The new wave of films about firms

The business world has long been a rich source of material for Hollywood, with even seemingly obscure stories telling us something about the human condition, writes Adam Maguire.

Business • 23 Aug 23

The Taiwanese company is the world's largest contract electronics maker

Foxconn's Q2 profit slips 1%, better than forecasts

Apple supplier Foxconn has today reported a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.

Business • 14 Aug 23

Apple posts weaker than expected quarterly iPhone sales

Apple has forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal third quarter.

Business • 04 Aug 23

Analysts have predicted that iPhone sales are likely to have fallen more than 2% in the three months from April to June

Apple heads for largest Q3 revenue drop since 2016

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.

Business • 02 Aug 23

Apple last month became the first company in the world to reach a market value of $3 trillion

Apple, Microsoft world's top 2 companies by market cap

Tech giants Apple and Microsoft remained the top two global companies by market capitalisation at the end of July after riding this year's rally in technology shares.

Business • 01 Aug 23

The company could make significant AI-related announcements next year, according to the report.

Apple tests generative AI tools to rival ChatGPT

Apple is working on offerings based on artificial intelligence similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported today, citing people with knowledge of the matter, sending the company's shares up 2%.

Business • 19 Jul 23

Nvidia shares are up well over 200% this year

Investors brace for earnings from 'Magnificent Seven'

The massive growth and technology names that have dominated the US stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year's equity rally.

Business • 17 Jul 23

It said users would be able to buy Apple products including iPhones, iPads and Macs from the store.

Apple opens store on China's WeChat platform

Tencent's WeChat has said that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the US firm's retail channels in the world's second largest economy.

Business • 11 Jul 23

Investors are betting on Apple's ability to grow its revenue even as it explores new markets such as virtual reality

Apple's market value breaches $3 trillion mark again

Apple's market capitalisation has today breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker's ability to grow its revenue even as it explores new markets such as virtual reality.

Business • 30 Jun 23

The latest gains in shares of Apple, the world's most valuable company, follow strong rebounds this year from several of Wall Street's technology-related heavyweights

Apple shares on cusp of $3 trillion market value

Apple's shares climbed to a record high close on Wall Street last night and were on the cusp of a $3 trillion market capitalisation.

Business • 29 Jun 23

Apple unveils new AR headset as it takes on Meta

Apple has barged into Meta's metaverse party, unveiling an augmented-reality headset called the Vision Pro in its riskiest and biggest bet since the introduction of the iPhone more than a decade ago.

Business • 06 Jun 23

Apple's rivals such as Sony and Pico have released mixed-reality headsets that hint at what is possible by blending the real and virtual worlds

Apple expected to unveil mixed-reality headset

Apple is widely expected to announce a new headset that will blend video of the outside world with the virtual one at its annual software developer conference next week.

Business • 02 Jun 23