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181.42
-1.21
(-0.66%)
Closed February 29 04:00PM
181.22
-0.20
(-0.11%)
After Hours: 07:59PM

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Key stats and details

Current Price
181.22
Bid
181.22
Ask
181.30
Volume
48,953,580
180.13 Day's Range 183.0714
143.90 52 Week Range 199.62
Market Cap
Previous Close
182.63
Open
182.58
Last Trade
9
@
181.22
Last Trade Time
Financial Volume
$ 8,859,757,447
VWAP
180.9828
Average Volume (3m)
54,802,678
Shares Outstanding
15,441,881,000
Dividend Yield
0.53%
PE Ratio
28.88
Earnings Per Share (EPS)
6.28
Revenue
383.29B
Net Profit
97B

About Apple Inc

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a var... Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally. Show more

Sector
Electronic Computers
Industry
Comp Personal/workstation
Website
Headquarters
Cupertino, California, USA
Founded
1976
Apple Inc is listed in the Electronic Computers sector of the NASDAQ with ticker AAPL. The last closing price for Apple was $182.63. Over the last year, Apple shares have traded in a share price range of $ 143.90 to $ 199.62.

Apple currently has 15,441,881,000 shares outstanding. The market capitalization of Apple is $2.80 trillion. Apple has a price to earnings ratio (PE ratio) of 28.88.

AAPL Latest News

Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News

Expedia (NASDAQ:EXPE) – Expedia revealed plans on Monday to cut approximately 1,500 jobs globally, about 9% of its workforce, as part of an “organizational and technological transformation...

Goldman Sachs Reconsiders Fed Cuts, LUNR Surges Over 40% in Pre-Market, and More

Intuitive Machines (NASDAQ:LUNR) – Intuitive Machines made history on Thursday when its Odysseus spacecraft became the first commercial probe to successfully land on the moon. The mission, carry...

Nvidia’s Earnings Skyrocket by 769%, BuzzFeed’s Pre-Market Shares Surge by 85%, and Other Highlights

BuzzFeed (NASDAQ:BZFD) – BuzzFeed shares surged over 80% in Thursday’s pre-market after announcing the sale of Complex and planning staff cuts. Complex was sold for $108.6 million to NTWRK...

Introducing Apple Sports, a new app for sports fans

The free app for iPhone delivers real-time scores, stats, and more, all designed for speed and simplicity Apple® today introduced Apple Sports, a free app for iPhone that gives sports fans access to r...

Barclays Surges with Cost Reductions and Billion-Dollar Shareholder Returns, Capital One Eyes Discover Acquisition, and More

Barclays Plc (NYSE:BCS) – Barclays’ shares jumped after announcing a major cost-cutting campaign and returning £10 billion to shareholders. The bank will reorganize operations and review m...

Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News

Nike (NYSE:NKE) – Nike will cut over 1,600 jobs, about 2% of its workforce, to reduce costs after forecasting lower profits. Nike outlined a $2 billion cost-saving plan over the next three years...

Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News

Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevro...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.72-0.395734857645181.94185.015179.5646757019182.68658421CS
4-5.82-3.11163387511187.04191.05179.2554118016185.1971283CS
12-13.23-6.80380560555194.45199.62179.2554802678189.10601564CS
261.130.627464045755180.09199.62165.70555985219183.61240255CS
5234.1723.2369942197147.05199.62143.956936855178.48033389CS
15657.4746.4404040404123.75199.62116.2176664887155.96208426CS
260137.64315.83295089543.58199.6242.37568140831136.96652248CS

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AAPL Discussion

View Posts
DiscoverGold DiscoverGold 6 hours ago
Apple $AAPL trading into the apex of this triangle ahead of tomorrow morning's PCE data... Explosive move incoming
By: TrendSpider | February 28, 2024

• Apple trading into the apex of this triangle ahead of tomorrow morning's PCE data... $AAPL

Explosive move incoming.



Read Full Story »»»

DiscoverGold
👍️0
mm41 mm41 13 hours ago
Apple has slept through the artificial intelligence trend. Competitors offer much more to their customers than Apple, at the same time are significantly cheaper. The company must therefore do something to avert nokia's fate
👍️0
DiscoverGold DiscoverGold 1 day ago
Apple (AAPL) Stock Could Notch New Record High
By: Schaeffer's Investment Research | February 27, 2024

• The tech stock has more room to run

• This could be investors' chance to buy AAPL on the dip

Apple Inc (NASDAQ:AAPL) stock sports a 21.7% year-over-year lead, but is already down 6.5% in 2024. The shares are today pacing for their third-straight daily drop, last seen down 0.2% at $180.76, and have recently slipped back below familiar pressure at the $166 level. AAPL hit a Dec. 14, record high of $199.62, and thanks to a historically bullish trendline may soon notch a fresh peak.

Apple stock is within one standard deviation of its 260-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White's data, the equity saw three similar signals in the past three years, defined for this study as having traded north of this trendline 80% of the time in the last two months, and in eight of the last 10 trading days.



Just one month later after 67% of those instances, the security was higher, averaging an 11.8% gain. A comparable move from its current perch would place AAPL at a brand-new record high of $202.08.

Now looks like the right time to speculate with options, too, which are affordably priced. Apple stock's Schaeffer's Volatility Index (SVI) of 19% sits higher than 19% of readings from the last 12 months -- a relatively low reading.

Read Full Story »»»

DiscoverGold
👍️0
DiscoverGold DiscoverGold 1 day ago
MASSIVE intraday reversal for Apple after the company announced plans to abandon EV's and focus on AI.
By: TrendSpider | February 27, 2024

• MASSIVE intraday reversal for Apple after the company announced plans to abandon EV's and focus on AI.



Read Full Story »»»

DiscoverGold
👍️ 1
DiscoverGold DiscoverGold 2 days ago
Unusual $1M+ $AAPL & $AMD OTM Call Orders
By: Cheddar Flow | February 27, 2024

• Unusual $1M+ $AAPL & $AMD OTM Call Orders

The Apple order has a near-term expiration and the AMD order is a call LEAP



Read Full Story »»»

DiscoverGold
👍️0
Investors3 Investors3 2 days ago
Get ready, Apple’s iOS 17.4 will deliver a slew of changes, features, and improvements!
Friday, February 23, 2024 5:57 pm
1 Comment

iOS 17.4 is currently in beta testing. When released to the public, it will deliver some major changes to the App Store and the iPhone ecosystem in the European Union alongside new emoji, a CarPlay upgrade, Siri improvements, and much more.

Chance Miller for 9to5Mac:

One of the biggest changes included in iOS 17.4 is support for alternative app marketplaces for the first time.

iOS 17.4 includes a change for Stolen Device Protection. Now, users can choose to always require a security delay when changing security settings. Previously, the only option was to enact the delay when away from familiar locations.

By far my favorite change in iOS 17.4 is support for transcripts in Apple Podcasts. These transcripts are automatically generated by Apple and are available shortly after an episode is published.

Siri has been upgraded in iOS 17.4 with support for reading messages in additional languages, not just the assigned language used for Siri for all other tasks.

MacDailyNews Take: Read more about all that iOS 17.4 will deliver in the full article – with screenshots – here.

https://macdailynews.com/2024/02/23/get-ready-apples-ios-17-4-will-deliver-a-slew-of-changes-features-and-improvements/
👍️0
bgpipper bgpipper 5 days ago
They should just buy Oura. I have used their ring for a couple years and it works great. Software is nice too.
👍️0
Investors3 Investors3 5 days ago
Reports of ‘imminent’ Apple Ring is bad news for Oura, Movano, Samsung
Friday, February 23, 2024 1:20 pm
No Comments

Apple is reportedly speeding up development of the long-rumored Apple Ring wearable smart ring that would continuously collect wearers’ health data, ETNews reported this week.

Maria Diaz for ZDNet:

[A]pple is reportedly working on the launch timing of its smart ring. This would be another new device released on the heels of the Apple Vision Pro, the first new device category launched by the company in nearly a decade.

It would make sense to learn that such a device could be nearing commercialization, especially after Samsung announced its own…

The global smart ring market is projected to grow by over 29% by 2028, from $234 million in 2022 to $1.1 billion in 2028. Oura leads the smart ring market with a 53% share, but this number will likely take a hit once Samsung officially launches its Galaxy Ring this year. This could be the opportunity Apple has been waiting for to perfect its smart ring technology and launch the device.

Whether Apple announces a new smart ring during WWDC 2024 event or not, I don’t think we’ll go two more years without an Apple Ring, especially if the Samsung Galaxy Ring does well with users.

MacDailyNews Take: “$1.1 billion in 2028” is a prediction will turn out to be quite the undershot if/when Apple gets involved.

See also: Evie Ring by Movano is now using Liquidmetal

Related

Apple may be prepping a smart ring
Tuesday, January 23, 2024
In "Rumor"

Apple is reportedly speeding up development of Apple Ring wearable
Tuesday, February 20, 2024
In "News"

Apple Ring: Cupertino sees smart ring in its future
Thursday, October 1, 2015
In "News"

https://macdailynews.com/2024/02/23/reports-of-imminent-apple-ring-is-bad-news-for-oura-movano-samsung/
👍️0
Investors3 Investors3 5 days ago
Apple’s new Sports app offers some interesting caveats
Thursday, February 22, 2024 11:31 am
1 Comment

Apple on Wednesday introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and also comes with some interesting caveats. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.

Chris Velazco for The Washington Post:


As usual for Apple, its new Sports app hooks neatly into its other services. Once you select teams and leagues to follow, you’ll start seeing relevant updates in the Sports section of Apple’s News app. And if Apple — or a streaming app you’ve connected to the Apple TV app — has the rights to air a game you’re following, you’ll be able to quickly click into the live stream from the Sports app.

Apple said certain leagues — like the WNBA, NCAA football and the NFL — will be available to follow in the app when their respective seasons begin.

A fast, free tool for up-to-the-minute scores could be helpful for people weary of their existing options, but Apple’s first attempt at this kind of app for sports fans comes with curious caveats.

In its current form, Apple’s Sports app doesn’t generate notifications or Live Activities — those persistent notifications that appear on iPhone lock screens to offer in-the-moment updates. You also don’t have the option to place an Apple Sports widget on an iPhone’s home screen to help you passively keep track of changes in a game.

MacDailyNews Take: Little birdie says the Sports app was released to coincide with the start of the MLS season yesterday and these caveats (and others like an Apple Watch app) will be addressed in future updates, making Apple’s Sports app indispensable for fans.

https://macdailynews.com/2024/02/22/apples-new-sports-app-offers-some-interesting-caveats/
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Investors3 Investors3 5 days ago
Introducing Apple Sports, a new app for sports fans
February 21 2024 - 09:00AM
Business Wire

The free app for iPhone delivers real-time scores, stats, and more, all designed for speed and simplicity

Apple® today introduced Apple Sports, a free app for iPhone that gives sports fans access to real-time scores, stats, and more. Designed for speed and simplicity, the app’s personalized experience puts users’ favorite leagues and teams front and center, featuring an easy-to-use interface designed by Apple. Apple Sports is available to download now in the App Store in the U.S., the U.K. and Canada.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220683025/en/

Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)
Apple Sports — an iPhone app that offers fans access to real-time scores, stats, and more — is now available to download in the App Store. (Photo: Business Wire)

“We created Apple Sports to give sports fans what they want — an app that delivers incredibly fast access to scores and stats,” said Eddy Cue, Apple’s senior vice president of Services. “Apple Sports is available for free in the App Store, and makes it easy for users to stay up to date with their favorite teams and leagues.”

Apple Sports keeps fans up to date on the following leagues currently in season:

MLS
NBA
NCAA basketball (men’s and women’s)
NHL
Bundesliga
LaLiga
Liga MX
Ligue 1
Premier League
Serie A
Additional leagues will become available on Apple Sports over time, including MLB, NFL, NCAAF, NWSL, and WNBA for their upcoming seasons.

Apple Sports gives fans a simple and fast way to stay up to speed on the teams and leagues they love. Users can customize their scoreboards on Apple Sports by following their favorite teams, tournaments, and leagues. Fans can easily navigate between scores and upcoming games; explore play-by-play information, team stats, lineup details, and live betting odds;1 and tap to go to the Apple TV app to watch live games from Apple and connected streaming apps.2 Apple Sports will also seamlessly sync with favorites selected within the My Sports experience including in the Apple TV app and Apple News.

Availability:

Apple Sports is available to download beginning today in the U.S., the U.K., and Canada, with support for English, as well as French and Spanish where available.
Apple Sports is free to download, and is available for all iPhone models running iOS 17.2 or later.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Footnotes:

1. Users have the option to turn off live betting odds in settings at any time.
2. A subscription is required for some services.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at media.help@apple.com.

© 2024 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240220683025/en/

Sam Citron
Apple
citron@apple.com

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93327734/introducing-apple-sports-a-new-app-for-sports-fan
👍️0
DiscoverGold DiscoverGold 7 days ago
Apple $AAPL Low volume above could give Apple some room to run.
By: TrendSpider | February 22, 2024

• $AAPL Low volume above could give Apple some room to run.



Read Full Story »»»

DiscoverGold
👍️0
Investors3 Investors3 1 week ago
Apple: iPhone 15 batteries last longer than originally thought
Tuesday, February 20, 2024 5:23 pm
No Comments

Apple originally said that the iPhone 15’s battery, like several generations of iPhones before it, would retain up to 80% of its original capacity at 500 complete charge cycles. The company tells 9to5Mac that the iPhone 15 can retain 80% of its original capacity at 1000 complete charge cycles.

Chance Miller for 9to5Mac:

Apple says that its testing involved charging and discharging the battery 1000 times under specific circumstances representing common use cases. The improvement is due to Apple making continued updates to battery components and power management systems over the years.

Apple says that this change in battery cycle lifespan only applies to the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. Previous iPhone models continue to be rated at retaining up to 80% capacity at 500 complete charge cycles. The company adds, however, that it is currently investigating older iPhone models, as well.

MacDailyNews Note: Check battery health on your iPhone 11, 12, 13, or 14: Go to Settings > Battery > Battery Health & Charging With iPhone 15 models with iOS 17.4 and later, you can see your battery health, when your battery was manufactured, when it was first used, the cycle count, and if a battery replacement is recommended via Settings > Battery > Battery Health.

Related

How to check if the battery in your iPhone may need to be replaced
Monday, December 11, 2017
In "How to"

What Apple should have done instead of slowing down iPhones with aging batteries
Friday, December 22, 2017
In "Opinion"

Should Apple replace aging iPhone batteries for free instead of throttling processor speed?
Thursday, December 21, 2017
In "Opinion

https://macdailynews.com/2024/02/20/apple-iphone-15-batteries-last-longer-than-originally-thought/#google_vignette
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Investors3 Investors3 1 week ago
EU to hit Apple with €500 million fine over rival music streaming subscriptions
Tuesday, February 20, 2024 9:19 am
4 Comments

The EU’s European Commission is to impose its first ever fine on tech giant Apple – reportedly around €500 million (US$541 million) – for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running investigation.

Javier Espinoza for Financial Times:

The probe is investigating whether Apple blocked apps from informing iPhone users of cheaper alternatives to access music subscriptions outside the App Store.

The Commission will say Apple’s actions are illegal and go against the bloc’s rules that enforce competition in the single market, the people familiar with the case told the Financial Times. It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives.

Brussels will accuse Apple of abusing its powerful position and imposing anti-competitive trading practices on rivals, the people said, adding that the EU would say the tech giant’s terms were “unfair trading conditions.”

MacDailyNews Take: Is the Commission going to force physical retail stores to allow rival retailers to post signs next to products advertising lower prices in rivals’ stores, too?

Unfortunately, as in days past and maybe even more so today, dealing with the illogical decisions of drooling idiot bureaucrats who could never make it in a real corporation is simply a cost of doing business.

Related

EU regulators already probing Apple’s music streaming plans in Europe
Thursday, April 2, 2015
In "News"

Spotify leads call for investigation into ‘troubling’ Apple and Google app store practices
Friday, May 5, 2017
In "News"

European Commission finds no evidence of collusion between Apple and music labels
Sunday, August 9, 2015
In "News"

https://macdailynews.com/2024/02/20/eu-to-hit-apple-with-e500-million-fine-over-rival-music-streaming-subscriptions/#google_vignette
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power11 power11 2 weeks ago
PE 30..... MARKET MULTIPLE 20.......SO WHY AAPL IS TRADING SO HIGH WHILE REVENUE IS
FLAT ?? OVERVALUED AND OVEROWNED. FIRST TARGET IS 165.......NEXT TARGET 145
SO SELL AND PUT YOUR CASH AT 5.5% IN A MONEY MARKET ACCOUNT AND SAVE YOURSELF
THIS AGONY.
👍️0
Agoura Guy Agoura Guy 2 weeks ago
STOCK BULLIES HAVING FUN WITH APPLE!!!!!!!!!


👍️ 1 💩 1 🤡 1 🤣 1
Investors3 Investors3 2 weeks ago
13% of new U.S. iPhone buyers upgraded from Android phones in 2023
Thursday, February 15, 2024 12:08 pm
No Comments

CIRP has released its latest study today taking a look at how many new iPhone buyers in the U.S. are upgrading from Android smartphones. 13% of new U.S. iPhone buyers upgraded from Android phones in 2023.

Michael Potuck for 9to5Mac:

Last May, CIRP’s data showed momentum for Apple with a record 15% of new US iPhone buyers coming from Android and an average selling price just shy of $1,000.

CIRP’s new report shows that the trend reversed a bit across 2023. Shown below, 13% of new US iPhone buyers report that they’ve switched from Android. That’s a 2% drop from what CIRP saw last year.

MacDailyNews Take: With more than 1 out of every 10 Android settlers waking up annually to the blatantly obvious fact that if it’s not an iPhone, it’s not an iPhone, Apple’s future is very bright indeed!

https://macdailynews.com/2024/02/15/13-of-new-u-s-iphone-buyers-upgraded-from-android-phones-in-2023/#google_vignette
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Investors3 Investors3 2 weeks ago
Apple Vision Pro reportedly selling like crazy
Thursday, February 15, 2024 9:11 am
No Comments

Apple sold some 180,000 Apple Vision Pro spatial computers in pre-order sales and, according to analyst Ming-Chi Kuo in a new note to clients, the company stocked around 80,000 units for launch day and the numbers aren’t slowing down.

Ronil Thakkar for The Mac Observer:

Moreover, reports floating online suggest that Apple has sold nearly 200,000 Vision Pro units until now.

And now, with shipment dates stretching into March soon after pre-orders began and no inventory accessible in the Apple store, the Vision Pro is nearly sold out.

While we patiently wait for Apple to reveal the actual sales figure of the Vision Pro, if and when they actually do it, a prediction report from Statista suggests the company could ship around 350,000 units in the first year of the launch, reaching almost 1.5 million in year two.

MacDailyNews Take: It’s sounding more and more like a very strong early adopter / developer start for the first-generation Apple Vision Pro!

https://macdailynews.com/2024/02/15/apple-vision-pro-reportedly-selling-like-crazy/
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Investors3 Investors3 2 weeks ago
Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
February 15 2024 - 06:34AM
IH Market News

Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). Ther company kept investors guessing on what could be a major new investment by Warren Buffett.

Nvidia (NASDAQ:NVDA), Alphabet (NASDAQ:GOOGL) – Nvidia briefly surpassed Alphabet on Wednesday to become the third most valuable U.S. company after Amazon. The high demand for AI chips boosted its market value to $1.825 trillion. Wall Street is eagerly awaiting the quarterly report next week. Nvidia shares are down 0.5% in Thursday’s pre-market.

Taiwan Semiconductor Manufacturing (NYSE:TSM) – TSMC saw its market capitalization jump by about $42 billion on Wednesday, driven by investor bets on chip demand. This increase led the company to surpass Visa Inc. (NYSE:V), becoming the 12th most valuable globally. Enthusiasm was fueled by increased sales in January and optimistic growth outlooks, especially in the wake of OpenAI‘s ChatGPT release. TSMC anticipates a recovery in smartphone and computing demand, while analysts point to the growing need for cutting-edge chips. The company recently discussed AI chip supply challenges with Nvidia. TSMC shares are up 1.1% in Thursday’s pre-market.

Nvidia (NASDAQ:NVDA) – Bridgewater Associates significantly increased its stake in Nvidia, raising it by 458% at the end of last year, while also expanding its exposure to other leading technology companies. The firm founded by Ray Dalio disclosed these changes in financial filings.

Alphabet (NASDAQ:GOOGL) – Google will offer an automated version of ChromeOS for Windows devices, potentially reducing PC discards after Windows 10 support ends. ChromeOS Flex will maintain security updates, allowing users to extend their devices’ lifespan.

Microsoft (NASDAQ:MSFT) – Microsoft stated that state hackers from Russia, China, and Iran are using OpenAI technology, backed by the company, to enhance their tactics. Microsoft revealed this usage, implementing a ban against these groups as concerns over AI abuses increase.

Meta Platforms (NASDAQ:META) – On Wednesday, Meta added Broadcom‘s CEO, Hock Tan, to its board of directors. Broadcom (NASDAQ:AVGO) is a key partner of Meta in its data center projects and chip development, crucial for fast data movement and processing for AI systems.

Nokia (NYSE:NOK) – Nokia launched “MX Workmate,” an AI tool for industrial workers, generating alerts about machine failures and suggesting production improvements. Using AI language models, it aims to help interpret complex data. Full implementation may take up to a year and a half, as testing and adjustments continue.

Sony Group (NYSE:SONY) and Honda Motor (NYSE:HMC) – A joint venture between Sony Group and Honda Motor will launch three electric vehicle models by the middle of this decade. An SUV will be released in 2027, followed by a compact in 2028 or later, after a sedan in 2025, aiming to compete with Tesla (NASDAQ:TSLA).

Pfizer (NYSE:PFE) – Pfizer agreed to pay $93 million to settle antitrust charges from drug distributors. The settlement, still subject to judge approval, comes after a decade of litigation over allegations of conspiracy with Ranbaxy.

GSK (NYSE:GSK) – GSK completed the acquisition of Aiolos Bio, a biotech company focused on respiratory and inflammatory diseases. The initial payment was $1 billion, with up to an additional $400 million in success milestones.

Catalent (NYSE:CTLT) – Catalent cut its workforce by about 300 employees as part of its ongoing restructuring, incurring expenses of approximately $12 million. The company, which beat revenue estimates, recently accepted a purchase offer from Novo Nordisk (NYSE:NVO).

Morgan Stanley (NYSE:MS) – Morgan Stanley plans to cut hundreds of jobs in its wealth management unit, representing less than 1% of the staff. This move reflects the ongoing cost reduction efforts amid economic uncertainty.

Barclays (NYSE:BCS) – Barclays is considering a bid for Societe Generale to expand its wealth management division. SocGen started an auction for its Kleinwort Hambros unit, valued at up to £700 million, as part of its strategic overhaul. In other news, Barclays’ vice-president, Nazia Lawrence, is suing the British bank for approximately 230,000 pounds, claiming racial, religious, and sexual discrimination. Legal documents reveal her disappointment with the unequal treatment compared to white colleagues.

KKR and Company (NYSE:KKR) – KKR & Co agreed to acquire a stake in Cotiviti from Veritas Capital. Financial details were not disclosed, but the deal will strengthen KKR’s healthcare portfolio.

Doordash (NYSE:DASH) – George Soros‘ investment fund acquired new stakes in low-cost U.S. airlines, including JetBlue (NASDAQ:JBLU), Spirit Airlines (NYSE:SAVE), and Sun Country Airlines (NASDAQ:SNCY), while increasing its bets on Doordash (NYSE:DASH). It also sold stakes in Arm Holdings (NASDAQ:ARM) and Broadcom (NASDAQ:AVGO).

Shell (NYSE:SHEL) – Shell may drop out of the bidding for an offshore wind farm in Norway due to profitability doubts. Challenging conditions and market uncertainty raise concerns. The company is considering alternatives like floating wind turbines.

BHP Group (NYSE:BHP) – BHP, the world’s largest miner, expects losses of $5.7 billion due to the Samarco dam breach in Brazil and the restructuring of its nickel business in Australia. Its upcoming half-year results should reflect profit stability, driven by high iron ore prices.

Lockheed Martin (NYSE:LMT) – Biden plans to request fewer F-35 fighters in the next federal budget, affecting Lockheed Martin. About 70 aircraft are expected to be ordered for 2025, down from the 83 forecasted. Lockheed recorded 98 deliveries in 2023, compared to 141 in 2022. Shares are stable in Thursday’s pre-market after falling 2.4% on Wednesday.

Kroger (NYSE:KR), Albertsons (NYSE:ACI) – Colorado’s attorney general filed a lawsuit to block Kroger‘s $25 billion acquisition of Albertsons, claiming consumer harm. Kroger plans to divest stores to calm antitrust concerns. This lawsuit is the second challenging the merger.

Hershey (NYSE:HSY) – Chocolate manufacturers Hershey and Cadbury are planning price increases to offset record cocoa costs, facing a consumer demand drop due to inflation. Prices are rising, prompting manufacturers to launch new products to stimulate demand.

Earnings

Cisco Systems (NASDAQ:CSCO) – The stock values of technology companies declined by 5.6% in Thursday’s pre-market following the release of quarterly results. Cisco reported earnings of $0.87 per share on $12.79 billion in revenue, against the consensus estimates from LSEG of $0.84 per share in revenue of $12.71 billion. The net profit dropped to $2.63 billion, or 65 cents per share, from $2.77 billion, or 67 cents per share, in the same quarter of the previous year, while revenue fell 6% year over year. Additionally, Cisco unveiled a restructuring plan that would result in the elimination of 5% of jobs.

Applovin (NASDAQ:APP) – The technology company’s shares increased by more than 17% in pre-market trading after presenting impressive results for the fourth quarter and providing promising projections for the future. Applovin recorded a profit of 49 cents per share on revenue of $953 million. Analysts surveyed by LSEG had forecasted a profit per share of 35 cents with revenue of $928 million.

Twilio (NYSE:TWLO) – The value of the customer engagement company’s shares decreased by 11.4% in pre-market trading. For the current quarter, Twilio announced revenue projections that fell short of the financial market’s expectations, predicting a range between $1.025 billion and $1.035 billion. Analysts surveyed by LSEG were expecting revenues of $1.049 billion. Additionally, the number of active customers also fell short of StreetAccount’s estimates, totaling 305,000 instead of the expected 311,000.

Fastly (NYSE:FSLY) – Shares of the cloud services company fell about 24.8% in pre-market trading due to indicators of a slowdown in sales growth. Fastly‘s revenue in the fourth quarter totaled $138 million, below Wall Street’s expectations of $140 million as reported by LSEG. Furthermore, the company forecasted a slowdown in revenue for the current quarter.

JFrog (NASDAQ:FROG) – The software company’s shares rose 21.3% in pre-market trading after its fourth-quarter report revealed better-than-anticipated results. JFrog recorded an adjusted earnings per share of 19 cents on revenue of $97 million. Analysts surveyed by LSEG had estimated earnings per share of 12 cents with revenue of $93 million.

Informatica (NYSE:INFA) – The business technology company released fourth-quarter results that exceeded expectations. Informatica announced an adjusted profit of 32 cents per share on revenue of $445 million. Analysts surveyed by LSEG had predicted earnings of 30 cents per share on revenue of $432 million.

Equinix (NASDAQ:EQIX) – Equinix projected adjusted core earnings for the fiscal year 2024 between $4.09 billion and $4.17 billion, surpassing the expectations of $4.05 billion. The estimated revenue for the first quarter is between $2.13 billion and $2.15 billion, compared to estimates of $2.14 billion.

NerdWallet (NASDAQ:NRDS) – NerdWallet reported a loss of 3 cents per share in the fourth quarter, while analysts had anticipated a positive profit of 10 cents per share, as indicated by LSEG.

Occidental Petroleum (NYSE:OXY) – Occidental Petroleum exceeded estimates for fourth-quarter earnings, presenting its best quarterly result in three years and reducing expenses. OXY projected a marginal increase in oil and gas production to 1.25 million barrels per day (boepd) this year. The adjusted profit was $0.74 per share, surpassing the estimates of $0.71 per share.

Albermarle (NYSE:ALB) – The lithium manufacturer’s stock value decreased by 3.4% following the release of the quarterly report. Albermarle‘s net sales fell 10% in the fourth quarter compared to the previous year, and the company recorded a net loss due to a pre-tax charge and a tax valuation charge in China.

Tripadvisor (NASDAQ:TRIP) – In the last quarter, Tripadvisor announced an adjusted profit of 38 cents per share and revenue of $390 million. Analysts surveyed by LSEG had predicted earnings of 22 cents per share and revenue of $374 million.

Stellantis (NYSE:STLA) – Stellantis warned of a challenging year ahead after a 10% drop in operating profit in the second half of 2023, attributed to strikes and pressures in the global automotive market. The results exceeded expectations, but the outlook for 2024 is vague. Stellantis‘ adjusted operating profit fell to 10.2 billion euros. The margin dropped to 11.2%. Adjusted operating profit in North America fell 16% to 5.271 billion euros, with a margin of 13%.

Ventas (NYSE:VTR) – Ventas reported a 4.1% increase in its fourth-quarter FFO, reaching 76 cents per share. For 2024, the company forecasts a normalized FFO between $3.07 and $3.18 per share, below analysts’ estimates of $3.21 per share.

Coinbase Global (NASDAQ:COIN) – Coinbase Global shares rose 4.8% in pre-market trading ahead of the cryptocurrency trading platform’s fourth-quarter earnings scheduled for after market close. Analysts expect Coinbase to report earnings of 2 cents per share on revenue of $826 million.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93288631/cisco-systems-stock-drops-5-following-restructuri
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Agoura Guy Agoura Guy 2 weeks ago
APPLE VISION PRO > BARF OUT!!!!!!!!

https://www.youtube.com/shorts/zLCNgMYbcAU


👍️ 1 💩 1 🤡 2 🤣 1
Investors3 Investors3 2 weeks ago
Mark Zuckerberg tries Apple Vision Pro, claims Meta Quest 3 is ‘the best product, period’
Wednesday, February 14, 2024 8:59 am
4 Comments

Meta CEO Mark Zuckerberg tried the Apple Vision Pro spatial computer yet still claims that his company’s Quest 3 AR/VR headset is “the best product, period.”

Tom Gerken for The Beeb:

The Vision Pro grabbed headlines as celebrities including Diplo and T-Pain wore it in public, with the “passthrough” feature allowing them to see their surroundings while using it.

But in a video shot using the Meta Quest 3’s own passthrough, Zuckerberg insisted his company’s headset is “the best product, period.”

“I think Quest is the better product, period,” he said… “It seems like there are a lot of people who just assumed that Vision Pro would be higher quality because it’s Apple and it costs $3,000 (£2,400) more. But honestly, I’m pretty surprised that Quest is so much better for the vast majority of things that people use these headsets for with that price differential.”

MacDailyNews Take: Dude sounds like a delusional Nokia or Research In Motion CEO circa 2007. Put down the pipe and your cheap toy’s plastic hand controllers, Marky.

See also:
• Gizmodo reviews Apple Vision Pro: ‘Beautiful and very impressive’ – February 13, 2024
• Engadget reviews Apple Vision Pro: ‘It’s magical, almost telepathic’ – February 9, 2024
• CNBC reviews Apple Vision Pro: ‘The future of computing and entertainment’ – January 30, 2024
• Tom’s Guide hands-on with Apple Vision Pro: ‘Feels like the future of computing’ – January 19, 2024
• Apple’s Vision Pro is provoking ‘audible gasps’ from developers – August 25, 2023
• Work on Apple Vision Pro began under Steve Jobs – August 23, 2023

And, now, we fire up iCal and reveal some of the many wonders it holds!

In a perfect world, the next quote you’d hear from the following buffoons would be, “You want fries with that?”

• “[iPhone] just doesn’t matter anymore. There are now alternatives to the iPhone, which has been introduced everywhere else in the world. It’s no longer a novelty.” – Eamon Hoey, Hoey and Associates, April 30, 2008

• “We are not at all worried. We think we’ve got the one mobile platform you’ll use for the rest of your life. [Apple] are not going to catch up.” – Scott Rockfeld, Microsoft Mobile Communications Group Product Manager, April 01, 2008

• “Microsoft, with Windows Mobile/ActiveSync, Nokia with Intellisync, and Motorola with Good Technology have all fared poorly in the enterprise. We have no reason to expect otherwise from Apple.” – Peter Misek, Canaccord Adams analyst, March 07, 2008

• “[Apple should sell 7.9 million iPhones in 2008]… Apple’s goal of selling 10 million iPhones this year is optimistic.” – Toni Sacconaghi, Bernstein Research analyst, February 22, 2008

• “What does the iPhone offer that other cell phones do not already offer, or will offer soon? The answer is not very much… Apple’s stated goal of selling 10 million iPhones by the end of 2008 seems ambitious.” – Laura Goldman, LSG Capital, May 21, 2007

• Motorola’s then-Chairman and then-CEO Ed Zander said his company was ready for competition from Apple’s iPhone, due out the following month. “How do you deal with that?” Zander was asked at the Software 2007 conference. Zander quickly retorted, “How do they deal with us?” – Ed Zander, May 10, 2007

• “The iPhone is going to be nothing more than a temporary novelty that will eventually wear off.” – Gundeep Hora, CoolTechZone Editor-in-Chief, April 02, 2007

• “Apple should pull the plug on the iPhone… What Apple risks here is its reputation as a hot company that can do no wrong. If it’s smart it will call the iPhone a ‘reference design’ and pass it to some suckers to build with someone else’s marketing budget. Then it can wash its hands of any marketplace failures… Otherwise I’d advise people to cover their eyes. You are not going to like what you’ll see.” – John C. Dvorak, Bloated Gas Bag, March 28, 2007

• “Even if [the iPhone] is opened up to third parties, it is difficult to see how the installed base of iPhones can reach the level where it becomes a truly attractive service platform for operator and developer investment.” – Tony Cripps, Ovum Service Manager for Mobile User Experience, March 14, 2007

• “I’m more convinced than ever that, after an initial frenzy of publicity and sales to early adopters, iPhone sales will be unspectacular… iPhone may well become Apple’s next Newton.” – David Haskin, Computerworld, February 26, 2007

• “There’s an old saying — stick to your knitting — and Apple is not a mobile phone manufacturer, that’s not their knitting… I think people overreacted to it — there was not a lot of tremendously new stuff if you think about it.” – Greg Winn, Telstra’s operations chief, February 15, 2007

• “Consumers are not used to paying another couple hundred bucks more just because Apple makes a cool product. Some fans will buy [iPhone], but for the rest of us it’s a hard pill to swallow just to have the coolest thing.” – Neil Strother, NPD Group analyst, January 22, 2007

• “I can’t believe the hype being given to iPhone… I just have to wonder who will want one of these things (other than the religious faithful)… So please mark this post and come back in two years to see the results of my prediction: I predict they will not sell anywhere near the 10M Jobs predicts for 2008.” – Richard Sprague, Microsoft Senior Marketing Director, January 18, 2007

• “The iPhone’s willful disregard of the global handset market will come back to haunt Apple.” – Tero Kuittinen, RealMoney.com, January 18, 2007

• “[Apple’s iPhone] is the most expensive phone in the world and it doesn’t appeal to business customers because it doesn’t have a keyboard which makes it not a very good email machine… So, I, I kinda look at that and I say, well, I like our strategy. I like it a lot.” – Steve Ballmer, Microsoft CEO, January 17, 2007

• “The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant… Apple is unlikely to make much of an impact on this market… Apple will sell a few to its fans, but the iPhone won’t make a long-term mark on the industry.” – Matthew Lynn, Bloomberg, January 15, 2007

• “iPhone which doesn’t look, I mean to me, I’m looking at this thing and I think it’s kind of trending against, you know, what’s really going, what people are really liking on, in these phones nowadays, which are those little keypads. I mean, the Blackjack from Samsung, the Blackberry, obviously, you know kind of pushes this thing, the Palm, all these… And I guess some of these stocks went down on the Apple announcement, thinking that Apple could do no wrong, but I think Apple can do wrong and I think this is it.” – John C. Dvorak, Bloated Gas Bag, January 13, 2007

• “I am pretty skeptical. I don’t think [iPhone] will meet the fantastic predictions I have been reading. For starters, while Apple basically established the market for portable music players, the phone market is already established, with a number of major brands. Can Apple remake the phone market in its image? Success is far from guaranteed.” – Jack Gold, founder and principal analyst at J. Gold Associates, January 11, 2007

• “Apple will launch a mobile phone in January, and it will become available during 2007. It will be a lovely bit of kit, a pleasure to behold, and its limited functionality will be easy to access and use. The Apple phone will be exclusive to one of the major networks in each territory and some customers will switch networks just to get it, but not as many as had been hoped. As customers start to realise that the competition offers better functionality at a lower price, by negotiating a better subsidy, sales will stagnate. After a year a new version will be launched, but it will lack the innovation of the first and quickly vanish. The only question remaining is if, when the iPod phone fails, it will take the iPod with it.” – Bill Ray, The Register, December 26, 2006

• “The economics of something like [an Apple iPhone] aren’t that compelling.” – Rod Bare, Morningstar analyst, December 08, 2006

• “Apple is slated to come out with a new phone… And it will largely fail…. Sales for the phone will skyrocket initially. However, things will calm down, and the Apple phone will take its place on the shelves with the random video cameras, cell phones, wireless routers and other would-be hits… When the iPod emerged in late 2001, it solved some major problems with MP3 players. Unfortunately for Apple, problems like that don’t exist in the handset business. Cell phones aren’t clunky, inadequate devices. Instead, they are pretty good. Really good.” – Michael Kanellos, CNET, December 07, 2006

• “We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in.” – Ed Colligan, Palm CEO, November 16, 2006

Related

Meta’s Zuckerberg dismisses Apple Vision Pro; ‘not the one that I want’
Thursday, June 8, 2023
In "News"

Mark Zuckerberg takes thinly veiled shot at Apple; implies Apple’s AR/VR headset will be very expensive
Thursday, October 13, 2022
In "News"

Zuckerberg panics, Osborne Effects Meta with rushed ‘Quest 3’ headset reveal
Thursday, June 1, 2023
In "News"

https://macdailynews.com/2024/02/14/mark-zuckerberg-tries-apple-vision-pro-claims-meta-quest-3-is-the-best-product-period/
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Agoura Guy Agoura Guy 2 weeks ago
"RETURN VISION PRO" IS A TRENDING SEARCH TERM!!!!!!

NO WONDER!!!!!!

SUCKERS!!!!!!!

👍️ 1 💩 2 🤡 2 🤣 1
DiscoverGold DiscoverGold 2 weeks ago
Apple $AAPL Large uptick in Call Sellers
By: Cheddar Flow | February 14, 2024

• $AAPL Large uptick in call sellers

These traders are looking to collect the premium on these contracts

*Below the Ask*



Read Full Story »»»

DiscoverGold
👍️0
fung_derf fung_derf 2 weeks ago
You should be neither. This is one of those stocks you stop watching. It has become a forever stock, like some of the others in my portfolio.
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NinjaGalaxy36 NinjaGalaxy36 3 weeks ago
Can’t decide whether I’m bullish on it or not..
on one hand, this is Apple, there are more than 1 billion iPhone users worldwide, and they will probably stick to Apple devices and renew them somewhen
On the other hand, the company has lowest YoY growth compared to other companies like NFLX, MSFT, META and so on..
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$Green$ $Green$ 3 weeks ago
Cover your shorts, here comes the Apple safe haven trade
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fung_derf fung_derf 3 weeks ago
WOW! Another great post by you!! Here's the beauty.....I'm not posting for your benefit, I post for others to read and realize how dumb you are. Doesn't surprise me at all that you can't make it through an entire post. Learning has never been your strong suit....
AAPL was around $41 pre-split when you made this post....today it's $188.
Ya wanna guess what VPLM has done since?

lbird33

Re: NewMoney post# 127142

Monday, May 28, 2018 7:12:54 PM

Post#
127144
of 146976
I would agree with you in most cases, your just wrong about this one.

I am also an Apple investor, but I'm not blind that a company like Apple and many large companies steal technology and try to bury the little guy in court costs. That is unacceptable.
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Investors3 Investors3 3 weeks ago
Gene Munster: Apple Vision Pro sales will be similar to iPad within the next decade
Thursday, February 8, 2024 5:56 pm
No Comments

After spending 48 hours with the Apple Vision Pro, Gene Munster has compiled a list of “trade-offs” facing the new spatial computer and spatial computing platform: price, weight, battery pack, prescription lenses, vision issues, and the cumbersomeness of guest mode which inhibits easy sharing /demoing to friends and family (in contrast to how easy it was to show off the first iPhones to neophytes).

Gene Munster for Deepwater Asset Management:

On day one, the iPhone was immediately useful and it was immediately obvious to me why I would buy one. I wanted desktop class internet in my pocket. I bought an iPhone on day one and have used one every day since.

The iPad has been different. It wasn’t immediately obvious to me how I would use an iPad instead of my Mac or my iPhone. I bought one and I use it from time to time, but I don’t use it daily. Given the lower utility, I upgrade my iPad less frequently.

On the spectrum of revolutionary Apple products over the past 25 years, Vision Pro lands somewhere the middle.

The iPhone (and other post-iPhone smartphones) is one of the highest utility tools humankind has ever created. It stands to reason that Apple, the creator of the category, is one of the largest companies in the world, and iPhone is its largest business (roughly 50% of revenue).

Based on a very limited scope of heavy usage and testing, I believe the Vision product segment will be bigger than Apple Watch (5% of Apple revenue) and smaller than iPhone (50%), similar to iPad (10%), within the next decade.

MacDailyNews Take: The Apple Vision Pro is currently limited because so much of its content was designed for 2D. It’s filled with flat iPad apps running in an OS, visionOS, that offers so many more possibilities. With the passage of time and as developers learn to think and design in 3D — as sculptors, not the poster makers they are today — the Vision Pro will achieve its full promise. That is when it will surpass iPad in revenue and, eventually, unit sales.

https://macdailynews.com/2024/02/08/gene-munster-apple-vision-pro-sales-will-be-similar-to-ipad-within-the-next-decade/#google_vignette
?
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Investors3 Investors3 3 weeks ago
Apple acquired 32 AI startups in 2023, the most among major tech companies
Thursday, February 8, 2024 12:36 pm
No Comments

According to a Statista report summarized by Stocklytics, Apple purchased 32 AI startup companies in 2023, a new record for the company as well as more than any other major tech company.

Edith Muthoni for Stocklytics:

According to Stocklytics.com, Apple purchased up to 32 AI startups by 2023, the highest number among tech giants.

In the overall AI startup acquisition, Google trails Apple with 21, Meta with 18, and Microsoft lags with 17.

Stocklytics financial analyst Edith Reads commented on the data:

In the ongoing AI arms race, Apple is making sizeable deals with many AI startups, putting it in a good spot for future tech developments even as its competitors, Microsoft and Google, make considerable investments in already established AI companies. By acquiring promising AI startups, Apple gains access to top-tier talent and innovative technologies and consolidates its foothold in crucial AI domains, ensuring a competitive edge in the rapidly evolving tech landscape.

MacDailyNews Take: As we wrote last month when Microsoft passed Apple in market value, “Apple is clearly behind in AI, especially generative AI, and is currently scrambling to catch up.”

https://macdailynews.com/2024/02/08/apple-acquired-32-ai-startups-in-2023-the-most-among-major-tech-companies/
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morokoy morokoy 3 weeks ago
If you build it they will come.
👍️ 1
jimmirehman jimmirehman 3 weeks ago
San Diego hospital system has purchased 30 Vision Pro units for its Spacial Computing center of Excellence. No reason Apple shouldn’t be hitting $350+pps by end of month.
👍️ 1
Agoura Guy Agoura Guy 3 weeks ago
APPLE PRO FOR DORKS!!!!!!!




👍️ 1 🤣 1
DiscoverGold DiscoverGold 3 weeks ago
Apple $AAPL is just so incredibly resilient around the 200D moving average
By: Barchart | February 5, 2024

• Apple $AAPL is just so incredibly resilient around the 200D moving average



Read Full Story »»»

DiscoverGold
👍️0
Investors3 Investors3 4 weeks ago
Apple Beats Q1 Revenue and Earnings Estimates Amid China Sales Drop, Shares Dip 3% in Early Trading
February 02 2024 - 08:47AM
IH Market News

The technology behemoth Apple (NASDAQ:AAPL) unveiled its quarterly outcomes following the market closure on Thursday, surpassing revenue and earnings expectations for the first quarter, yet facing a significant downturn in sales within China, one of the firm’s crucial markets. Apple’s shares are witnessing a 3% decrease in Friday morning’s trading activities.

* Earnings per share (EPS): $2.18 vs. estimated $2.10

* Revenue: $119.58 billion vs. estimated $117.91 billion

* iPhone revenue: $69.70 billion vs. estimated $67.82 billion

* Mac revenue: $7.78 billion vs. estimated $7.73 billion

* iPad revenue: $7.02 billion vs. estimated $7.33 billion

* Revenue from other products: $11.95 billion vs. estimated $11.56 billion

* Services revenue: $23.12 billion vs. estimated $23.35 billion

* Gross margin: 45.9% vs. estimated 45.3%

Although Apple exceeded expectations in most aspects, a 13% decline in sales in China was a point of concern. This market faced increasing competition from local companies, such as Huawei, and the decline was partly attributed to the strength of the dollar against the RMB (Chinese yuan).

Tim Cook, Apple’s CEO, highlighted that this December quarter had one less week compared to the previous fiscal year’s first quarter due to Apple’s corporate calendar. He also pointed to the steady growth of the company’s services business, which saw an 11% increase during the quarter, reaching $23.11 billion in revenue. Apple reported having 2.2 billion active devices in use, marking an increase from the previous year, which is seen as a positive indicator for the continued growth of the company’s services.

iPhone sales, boosted by the launch of the iPhone 15, grew nearly 6% to $69.70 billion but slightly fell short of revised expectations. Mac sales saw a less than 1% increase, recovering from a tough previous quarter. However, iPad sales continued their decline, dropping 25% during the quarter due to the absence of a new model launched in 2023.

Apple’s wearables business, which includes popular items like AirPods and Apple Watch, also faced challenges, recording an 11% year-on-year sales decline, amounting to $11.95 billion in revenue. This decline was attributed to a patent dispute with the medical device company Masimo, which led to a temporary removal of Apple Watches from Apple stores in December.

Overall, Apple remains a significant force in the technology market, reporting a net profit of $33.92 billion for the quarter, a 13% increase from the same period last year. The company also announced that it spent nearly $27 billion on dividends and share buybacks during the quarter. While facing challenges in certain markets, Apple maintains its solid stance and is gearing up to continue innovating and expanding its services in the upcoming quarters.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93196206/apple-beats-q1-revenue-and-earnings-estimates-amid
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DiscoverGold DiscoverGold 4 weeks ago
Call Traders Buy Apple (AAPL) Stock's Post-Earnings Dip
By: Schaeffer's Investment Research | February 2, 2024

• The iPhone maker is brushing off a top- and bottom-line win

• Short-term options traders are more bullish than usual

Apple Inc (NASDAQ:AAPL) stock is brushing off a fiscal first-quarter top- and bottom-line beat, last seen down down 2% to trade at $183.15, due to shrinking China sales and jobs data stateside. Analysts are already making moves, with three cutting their price targets, including Piper Sandler to $190 from $205. Meanwhile, Monness Crespi Hardt and Jefferies hiked their objectives to $200 and $205.

AAPL earlier traded at its lowest level since November. The shares have since trimmed those losses, and are now testing their 200-day moving average, a trendline that caught pullbacks earlier last month. Year-over-year, AAPL maintains a 21.5% lead.

Call traders are viewing this pullback as an opportunity. So far today, 243,000 calls and 183,00 puts have been exchanged, or triple the intraday average volume. Most popular is the 2/2 185-strike call, where new positions are being opened. This means traders expect more upside for AAPL by the time these contracts expire at the close.

Short-term options traders have been more bullish than usual. This is per Apple stock's Schaeffer's put/call open interest ratio (SOIR), which ranks in the low 17th percentile of annual readings.

Read Full Story »»»

DiscoverGold
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pepeoil pepeoil 4 weeks ago
Get ready for a run later this year.

“”””” Apple boss Tim Cook has revealed the tech giant will make a big announcement about generative AI features on its devices “later this year”.””””
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pepeoil pepeoil 4 weeks ago
Great buying opportunity. Buy the dips, sell the rips, Watch pepedaddy get rich
👍️0
Agoura Guy Agoura Guy 4 weeks ago
$180.52 -6.34 (-3.39%) ... APPLE STOMPERS CRUSHING THIS BLOATED POS!!!!!!!!!!!

👍️ 1 〽️ 1
Agoura Guy Agoura Guy 4 weeks ago
THE TROUBLE WITH APPLE IS TIM COOK CAN'T THINK STRAIGHT!!!!!!!!!

👍️ 1 🤣 1
DiscoverGold DiscoverGold 4 weeks ago
Apple stock down $1.19 = $185.67 after earnings report as I post.

DiscoverGold
👍️0
DiscoverGold DiscoverGold 4 weeks ago
Apple $AAPL Just Reported Earnings Double Beat
By: Evan | February 1, 2024

• APPLE $AAPL JUST REPORTED EARNINGS

EPS of $2.18 beating expectations of $2.10
Revenue of $119.6B beating expectations of $118.3B

Read Full Story »»»

DiscoverGold
👍️ 1
vinsterr vinsterr 4 weeks ago
Gapper in 8 minutes? Down or up? ;)
👍️0
power11 power11 4 weeks ago
WHEN POWER11 SPEAKS.....PEOPLE LISTENNNNNNNNNN
130 IS COMING SENIOR; SO STOP DREAMING !!
👍️0
jimmirehman jimmirehman 4 weeks ago
I don’t think you know how stocks works.
👍️0
pepeoil pepeoil 4 weeks ago
The only thing that you is mastered is how to lose money. You are very good at it
👍️0
pepeoil pepeoil 4 weeks ago
Bruh, put a plug in that jug and quit posting drunk. You have never been correct, ever
👍️0
power11 power11 4 weeks ago
WHAT YOU SHOULD HAVE BOUGHT IS FIVE 130 PUTS !!
👍️0
power11 power11 4 weeks ago
AAPL IS NOT GROWING FOR THE PAST 4 QUARTERS
THEY ARE SIMPLY USING THEIR CASH TO BUY BACK THEIR STOCK.
JUST WAIT FOR EARNINGS BUDDY. CHINA IS A DISASTER. DO YOUR DD.
130 IS COMING.
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power11 power11 4 weeks ago
YOU THINK 130 IS TO LOW ; THINK AGAIN !!
YOU AIN'T SEEN NOTHING YET : POWER11 SAY 130 AND 130 WITHIN 60 DAYS.
👍️0
Chartmaster Chartmaster 1 month ago
Bought 5 Feb 16th, 200 call options here today at 1.40, markets are in melt-up mode!
👍️0
pepeoil pepeoil 1 month ago
Downgrade to $130? Bwahaaaaaaa
👍️0

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