Apple Financial News

Apple has made some of the world’s most iconic advertisements ever. When the brand’s Macintosh computer was launched about four decades ago with its 1984 commercial, whose protagonist was shown throwing a sledgehammer to smash a giant screen depicting ‘Big Brother,’ the world applauded. But when Apple Inc recently released its Crush! commercial for the iPad that showed several things integral to human lives being crushed by a huge industrial compressor, the world shuddered in fear.

Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices.

Warren Buffett has built his reputation not only as a successful investor but also as someone who has profoundly simplified the art of investing by sharing his key insights through his lectures, speeches, interaction with the Berkshire Hathaway shareholders, and also through his annual letters with shareholders. The more one tries to read between the lines of his letters, the better it appears. Here we try to recapitulate some of the key money lessons he has shared with the investors in the recent past.

Also Read | From AI Voice assistant to ChatGPT's phone call feature: Expected announcements from OpenAI's Spring Update event today Although GPT-4o is available to everyone, free users are allowed only a limited number of interactions. ChatGPT Plus subscribers can send five times as many queries, ensuring that heavy users do not face restrictions during peak usage times. Also Read | Apple and OpenAI finalizing terms for bringing ChatGPT to iOS 18: Report After the rollout of GPT-4o, server demand remains high.

OpenAI unveils GPT-4o, a faster, more efficient and smarter AI platform: All you need to know GPT-4o is said to match the performance of GPT-4 Turbo in English language text, OpenAI's last flagship model unveiled last year, while offering significant improvements in non-English languages. Moreover, GPT-4o has a more wider advantage over its predecessor when it comes to understanding vision and audio inputs. Also Read | OpenAI Unveils GPT-4o: Here's how the Internet reacted to the AI conversation OpenAI President Greg Brockman showcased in a video on Monday how two GPT-4o AI's are capable to having a conversation in real time.

Xiaomi Corp. aims to begin making and selling a sport utility vehicle similar to Tesla Inc.’s Model Y as early as 2025, embarking on a major new expansion with production of its debut SU7 electric car set to reach about a 100,000 units this year. Xiaomi is approaching full initial capacity and is working now to increase output to accommodate demand, people familiar with the matter said. The company benchmarked its envisioned SUV against Tesla’s during development, the people said, asking not to be identified discussing a private project. An SUV would mark a big expansion of Xiaomi’s $10 billion EV endeavor, spearheaded personally by billionaire co-founder Lei Jun. The company is trying to reduce its reliance on a volatile smartphone market dominated globally by Apple Inc., though with EVs it’s getting into a crowded arena and taking on established rivals Tesla and BYD Co.

investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March's 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.

The vote followed what the union called “over a year of negotiations."

Wall Street: US stocks rose on Monday, following last week’s gains, with investors awaiting inflation data this week. The inflation data – Consumer Price Index (CPI) – is due on Wednesday. On the same day, the US retail sales data will also be released.

iPhone 16 Pro Max. According to the report, these upcoming models could feature a display that's 20 percent brighter than the current iPhone 15 Pro, boasting a peak brightness of 1,200 nits in typical usage scenarios. The iPhone 15 Pro already impresses with its peak brightness of 1,600 nits for HDR content.

OpenAI Spring Update event today: What to expect and where to watch live-stream? According to a report by Bloomberg's Mark Gurnman, Apple may launch the iPad Mini at the end of this year. The new Apple tablet, however, isn't expected to come with a lot of changes except the addition of a bigger display and a faster chipset. The iPad mini 7th generation could be powered by the A16 chipset and could replace its predecessor when it launches.

Apple has started FY25 with a bang in India — exports of iPhones made in the country nearly doubled in April to $1.1 billion (Rs 9,000 crore) from $580 million a year ago, according to official data reviewed by ET. April is typically a low-export month as there aren’t too many festive sales in any part of the world during the month, experts said. Based on this, they expect the US giant to achieve the Rs 1 lakh crore export mark in FY25 as India emerges as the firm’s second manufacturing base for iPhones outside China. iPhones are only made in India and China and experts estimate that 14-15% production has shifted to India and is likely to reach 26% by 2026. Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.

smart can end up being smarty pants. As is the case with the Apple commercial introducing the new M4-powered iPad Pro last week.

₹1 trillion revenue from India operations," said Faisal Kawoosa, chief analyst and founder at research firm Techarc. Emails to Apple, Foxconn and Tata Electronics did not elicit a response till press time. Analysts tracking Apple and the India market said that building a local ecosystem would be crucial for raising the production levels.

workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward. Employees at the Apple store in the town of Towson, outside of Baltimore, voted to unionize in 2022 — another first for the iPhone maker's US stores.

Apple's top software executives decided early last year that Siri, the company's virtual assistant, needed a brain transplant. The decision came after executives Craig Federighi and John Giannandrea spent weeks testing OpenAI's new chatbot, ChatGPT. The product's use of generative artificial intelligence, which can write poetry, create computer code and answer complex questions, made Siri look antiquated, said two people familiar with the company's work, who didn't have permission to speak publicly.

I find it hard to believe that no one on Apple Inc’s marketing team saw this coming. Maybe they were too timid to speak up. Perhaps they were overruled.

Weekly Tech Recap: From Apple launching two new iPad models to Sam Altman refuting reports that OpenAI is launching a new search engine ahead of Google I/O 2024 event, there's a lot to unpack in this week's tech recap. Without further ado, let's dive into the top 5 tech news of the week. Apple unveiled two new iPads at its Let Loose event this week, giving the company's tablet range a much-needed upgrade after a wait of around 18 months.

Prime Minister Narendra Modi’s recent comments regarding the appreciation of LIC share prices have captured widespread attention. Shareholders are rejoicing the high market value of LIC shares, anticipating favorable returns should they decide to liquidate their holdings. However, amidst this excitement, an important point is being overlooked: the purpose of life insurance extends beyond seeking short-term returns from its shares. Due to its unique nature, which differs from other investment products, the public often undervalues and misunderstands life insurance.

Apple iTune exists due to improper checks in a component called 'CoreMedia', which could be exploited by hackers by sending a specially crafted request. The vulnerability affects users of Apple iTunes on Windows prior to version 12.13.2. Explaining the issue via a report, CERT stated, “This vulnerability exists in Apple Product due to improper checks in CoreMedia component.

Apple’s chip game to power data centres and new iPad This year, Apple will roll out some of its AI features through data centres integrating its own AI chips. It is putting its AI chips into cloud computing servers to process advanced AI features that will be rolled out in its devices. Apple also introduced the M4 chip, its next generation silicon, in the new iPad Pro upgrade. It said this makes the new iPad Pro “an outrageously powerful device for artificial intelligence”. It said that the neural engine in the M4 chip is more powerful than any neural processing unit in any existing AI PC (personal computer). Further, the iPadOS has advanced frameworks that help developers leverage the neural engine to run powerful diffusion and generative AI models on device. Meta launched new GenAI tools for advertisers