Apple Financial News

«Going forward, investors will take cues from US Service PMI and Jolt Jobs data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty signals positive start Nifty futures on the Gift Nifty traded at 21,027 around 7.15 am, up 27.50 points or 0.13%, indicating a positive start for Dalal Street.

Apple is scouting for new suppliers — Indian, Japanese and South Korean — which can provide crucial components to its contract manufacturers in India, people aware of the matter told ET. This comes on the back of delayed government approvals for imports from existing suppliers — primarily of Chinese origin — of batteries, camera lens, chargers and other equipment required to make its flagship iPhones and iPads in India, they said.

Investing.com — The Dow closed lower Tuesday, but downside momentum was curbed by rising tech stocks as Treasury yields fell after data showed labor demand fell to a two-year low.

The «Titanic 25th Anniversary Collector’s Edition» is now available for purchase in 4K Ultra HD Blu-ray or for streaming on Amazon Prime Video, Apple TV, and Fandango/Vudu. On December 6, selected theaters will showcase the remastered 4K version of the 1989 underwater thriller «The Abyss: Special Edition.» Starting December 12, 4K Ultra HD versions of «Aliens Collector’s Edition,» «The Abyss Collector’s Edition,» «True Lies Collector’s Edition,» «Avatar Collector’s Edition,» and «Avatar: The Way of Water Collector’s Edition» will be accessible on Prime, Apple, and Fandango/Vudu, with Blu-ray releases scheduled for December 19. Finally, on March 12, «Aliens 4K Collector’s Edition,» «The Abyss 4K Collector’s Edition,» and «True Lies 4K Collector’s Edition» will be released in 4K Ultra HD Blu-ray format. All reissues feature Dolby Vision HDR quality and an immersive Atmos audio mix.

Apple's iPhone business in India will have no impact from the reported factory closure in Chennai due to the extreme weather situation in Chennai owing to cyclone Michaung, said industry executives close to the company. They said Apple ensures there are enough buffer stocks of iPhones in distribution to deal with such situations. «Apple does not work in a just-in-time inventory model, where a day of downtime impacts supplies. They ensure there is enough stock to tide over a week-long disruption,» said one of the executives, who did not wish to be identified. The executives said Apple treats worker safety as the top priority in such situations and that this has been communicated to its suppliers in the cyclone-affected area. Production was yet to resume at Foxconn and Pegatron facilities in Sriperumbudur near Chennai on Tuesday, despite an improvement in weather, after being halted following heavy rains impacting day-to-day life in the coastal city and its outskirts. Taiwan-headquartered Foxconn and Pegatron are two of Apple's key local assemblers of iPhones and are part of the government's production-linked incentive scheme.

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Warren Buffett's company decided not to move forward with an expedited trial on its bribery allegations against the billionaire Haslam family in January under the strict conditions a judge set

Apple (AAPL) App Store revenue increased 11.3% year-on-year in F1Q24, according to BofA analysts in a note Tuesday.

NEW DELHI : Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. India wants to implement a European Union rule that will require smartphones to have a universal USB-C charging port, and has been in talks with manufacturers about introducing the requirement in India by June 2025, six months after the deadline in the EU.

Sensex surged 1,383.93 points, or 2.05%, to end at 68,865.12, while the Nifty closed 418.90 points, or 2.07%, higher at 20,686.80. “We expect market sentiment to strengthen further as the ongoing pre-election rally is quite strong now. Given the government’s focus approach towards long-term capex across key areas, we expect BFSI, Industrials, Real Estate, Auto and Consumer Discretionary to do well going forward," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

US stocks ended lower on Monday, interrupting last week's rally, as investors turned cautious ahead of employment data due this week that could alter expectations that the Federal Reserve will cut interest rates early next year. The S&P 500 receded, with megacaps Microsoft, Apple, Nvidia and Amazon dipping over 1%, pressured by higher U.S. Treasury yields, which made returns on stocks less attractive. The S&P 500 registered its highest close of the year on Friday as remarks from Fed Chair Jerome Powell acknowledged the central bank's need to «move forward carefully» amid signs of economic softening, comments that bolstered expectations the Fed has finished raising rates. Small-cap stocks rose on Monday, with the Russell 2000 rallying about 1% and bringing its gain this year to almost 7%. «There is a lot of chop around here that is not necessarily meaningful,» said Tom Martin, a senior portfolio manager at GLOBALT Investments in Atlanta. «We have a really important Fed meeting coming up, and what makes it important is that all of a sudden, the market has decided that they're going to cut early next year.» The S&P 500 declined 0.54% to end the session at 4,569.78 points. The Nasdaq declined 0.84% to 14,185.49 points, while Dow Jones Industrial Average declined 0.11% to 36,204.44 points. Volume on U.S.

MicroStrategy’s executive chairman Michael Saylor believes that Bitcoin (BTC) can still be 1000x from its current price of $41,500 – if given enough time.

Investing.com — The Dow ended lower Monday, though cut some losses into close despite weakness in tech amid rising Treasury yields ahead of the monthly jobs report later this week.  

Verizon Communications announced on Monday its plan to provide bundled streaming subscriptions to Netflix and the Warner Bros Discovery-owned Max platforms for its customers. Subscribers of Verizon's 'myPlan' can now choose ad-supported plans for both Netflix and Max at a combined cost of $10 per month, effective from Thursday. This addition marks the latest inclusion in Verizon's «myPlan» package, enabling users to subscribe to various services, including Apple Music, Walmart+, and Walt Disney's streaming services, each priced at $10 per month. The trend of telecom providers collaborating with streaming platforms continues to grow, aiming to enhance the appeal of their plans for consumers. Simultaneously, streaming services view these partnerships as opportunities to attract a wider audience. Verizon is set to introduce two content bundles, one featuring Netflix and Max, and the other comprising the Disney bundle. The Disney bundle includes Disney+ (ad-free), Hulu (with ads), and ESPN+ (with ads), all available for $20 per month. These bundled offerings, featuring Netflix and Max, will be accessible to Verizon mobile customers subscribed to the Unlimited Welcome, Unlimited Plus, or Unlimited Ultimate plans.

Stocks slipped on Wall Street Monday ahead of some key reports this week on the United States job market that might provide more insight into the Federal Reserve’s thinking about interest rates.

Contrary to some rumors, Gurman affirms in his newsletter, «Power On», that Apple remains committed to advancing its 5G modem development. However, the company is concurrently directing attention to the burgeoning field of 6G. A notable job opening on Apple's official website discloses their pursuit of a cellular platform architect to contribute to these cutting-edge endeavors. In contrast to many smartphone manufacturers, Apple prefers to maintain self-sufficiency when it comes to essential components. Not only does Apple produce the processors for iPhones, but it also boasts its own operating system. A crucial hardware element, the modem facilitates a phone's connection to a cellular network. Although Apple presently relies on Qualcomm modems in its devices, the company is actively working towards a future where it can employ its own in-house modems for upcoming devices. This strategic shift aligns with Apple's commitment to greater control and autonomy over the integral parts of its products.

By Casey Hall

The judgment overturned the Competition Appeal Tribunal's (CAT) March 2023 decision, which upheld an appeal by Apple and put the CMA's investigation on hold.

China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky — but the potential pay-off is great, analysts say. Last month, the US-based burger maker cut a deal to repurchase the 28% stake in its China business Carlyle Group took in 2017, giving it a 48% share in $6 billion worth of operations that include Hong Kong and Macau. The move contrasts sharply with the prevailing trend of multinational corporations reeling back investments in China or even exiting altogether because of geopolitical and economic challenges. One advantage for McDonald's: its majority partner in the China business, CITIC, provides top-level political cover, said Jason Yu, greater China managing director of market research firm Kantar Worldpanel. «Having a very powerful Chinese state-owned conglomerate as a partner means they are not going to be at the forefront of the geopolitical situation; that is quite important,» Yu said. McDonald's China, Carlyle Group and CITIC declined to comment. Other consumer-facing U.S. firms, including Starbucks, Apple, Coach owner Tapestry and sportswear giant Nike, have remained similarly dedicated to the China market. Starbucks and Nike, which face increased competition from lower-priced domestic competitors, show the need to stay agile in order to protect and grow market share, analysts say. The coffee giant is sticking with expansion plans and launched a smaller cup size; Nike, by contrast, has offered localised, higher-end sneakers such as its «Year of the Rabbit» Dunk Lows. McDonald's has used funds from the Carlyle investment to double its restaurant count since 2017 to 5,500, and the country has become its second-largest market.

Apple is gearing up to introduce a significant upgrade to its iPhone line-up with the upcoming iPhone 16 series, slated for release in the second half of 2024. Reports suggest that a key highlight of this series will be the introduction of a redesigned 'Action Button' across all models, providing enhanced functionality and user configurability.