Apple company headlines, earnings, strategy, leadership, and market-moving business updates.
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Micron (MU), SanDisk parent Western Digital (WDC), SK hynix (SKHY) and Solidigm-linked chain Samsung ND? (SNDK) were cited among memory makers moving higher after executives at large cloud and consumer tech players pointed to rising memory costs and supply constraints.
THE APEX TIMES
THE APEX TIMES
In comments tied to its latest earnings period, Apple said it has reached milestones including record performance for the June quarter and reiterated an investment effort aimed at expanding manufacturing in the United States.
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Apple’s fiscal third-quarter results for the June period beat expectations, but the stock moved lower sharply as the market digested the close of its latest earnings call.
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Apple slid in late trading as component availability problems weighed on the company’s sales outlook, adding to evidence that industry supply constraints may be more persistent than expected.
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In comments reported by Yahoo Finance, Apple said a slowdown in mobile gaming and court-ordered App Store payment rule changes in the United States weighed on the pace of growth for its services business.
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The iPhone maker topped Wall Street expectations in its latest results, though its outlook for the current quarter left shares lower in post-earnings trading.
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In a video posted by Yahoo Finance, Apple CEO Tim Cook appears to mark the end of his tenure on the company’s quarterly earnings call, with Apple pointing to incoming CEO John Ternus for what comes next.
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Apple CEO Tim Cook suggested that access to a more capable, AI-powered Siri may eventually come with a price tag for the most frequent users, raising questions about how Apple will monetize its revamped assistant and manage privacy-focused expectations.
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Apple reported fiscal third-quarter results that topped expectations for overall revenue, but the pace of sales growth in China came in weaker than many analysts projected, according to a market recap. The company’s services business also remained in focus as investors weigh whether demand is broadening beyond the installed base.
