Apple Financial News

Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire's $354 billion equity portfolio, half of which is in Apple.

Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what has become his more than $900 billion, Omaha, Nebraska-based conglomerate.

Also Read: Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple ‘’With much back-sliding, I subsequently followed his instructions. Many years later, Charlie became my partner in running Berkshire and, repeatedly, jerked me back to sanity when my old habits surfaced. Until his death, he continued in this role and together we, along with those who early on invested with us, ended up far better off than Charlie and I had ever dreamed possible,'' added Buffet.

By Jonathan Stempel

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CEO Carl Pei, now known as 'Carl Bhai' on X (formerly Twitter), engaged with the Indian audience and expressed enthusiasm for the market. The smartphone is set to debut in India and global markets on March 5, with notable features and a competitive price point. Apple's recent release, the Vision Pro, garnered mixed reactions among users.

Apple iPhone (via Geeksforgeeks) , each offering unique features to enhance the user experience. Rev Call Recorder can prove to be a useful tool for capturing phone conversations on iPhones. Distinguishing itself with its capability to record both incoming and outgoing calls, it also offers functionalities, including the ability to obtain call transcripts.

foldable technology is reportedly due to the company's commitment to maintaining stringent quality standards. Despite collaborating with Samsung on display development, Apple is said to be in search of a foldable panel that meets its exacting requirements. To achieve this, the company has redirected engineers from other projects, including the Vision Pro, to internally perfect the foldable technology.

TSMC's new chip plant in Japan will boost the resilience of global supplies of the crucial hardware, the Taiwanese giant's founder Morris Chang said Saturday at an opening ceremony. The factory in the southern Japanese island of Kyushu «will, I believe, improve the resiliency of chip supply for Japan and for the world,» the 92-year-old said in a rare public appearance.

₹1,699 crore exposure to global chipmaker Nvidia, which became the world’s fourth largest company by market capitalization after its quarterly earnings beat analyst expectations. The stock clocked one-day gains of 16% on Thursday, driven by optimism around artificial intelligence (AI), as Nvidia’s chips play a crucial role in developing AI models. According to Fisdom estimates, Motilal Oswal MF had ₹439 crore exposure to Nvidia.

Apple's Vision Pro owners are reporting a concerning issue, i.e., unexplained cracks appearing on the front glass of their headsets. While the exact cause remains unknown, the similarities in the reports are raising eyebrows, according to a report by The Verge. The issue first gained attention on MacRumors, where several users shared photos of their Vision Pros with near-identical hairline cracks running vertically across the glass, specifically above the nose bridge.

Chipmaker NVIDIA has officially recorded the large... moreChipmaker NVIDIA has officially recorded the largest EVER single day jump in market cap on Wall Street.

AURUM Credit Card. Far beyond a mere financial tool, this metallic masterpiece in matte black promises to elevate your lifestyle through strategic partnerships with top-tier brands like Visa, DreamFolks, Club Marriott, Apple Premium Reseller, Taj Experiences, and Tata CliQ Luxury. Here's a glimpse of the extraordinary benefits that await you: AURUM brings you complimentary access to the DreamFolks Membership.

AT&T says it has restored wireless coverage after an outage knocked out cellphone service on its network across the U.S. for hours

Customers of AT&T, the country’s largest wireless provider, are reporting widespread outages

white-labelled smartwatches and wireless earbuds have flooded the market with cheap copies of popular models, hurting established Indian players such as Boat. In a recent report, International Data Corporation said these cheap alternative offerings of popular models, imported from China, are diluting the first-time user experience, affecting the business of the incumbents in the market. These products, which closely resemble the design of the Apple Watch and other premium smartwatches, are also pulling down the average selling price (ASP) in the industry to record lows, making it difficult for the entrenched brands to compete or «premiumise», industry executives and experts said. The ASP in the wearable segment fell about 39% to $26.10 in 2023 from an already low $42.50 the previous year, se per IDC. «There are way too many players simply bringing products from China and selling it here. They don't have any control over the software, where the data is going, and that is just dangerous for the consumer,» said Sameeer Mehta, chief executive at Imagine Marketing which owns Boat. «These are all trader brands who have no control over the product but want to make hay in a booming market.»

Apple has launched a new Apple Sports app that gives sports fans access to real-time scores, stats, odds and more right from their lock screen. The new Sports app is free and doesn't come with any ads for now, and is initially available to iPhone users in the US, UK and Canada.

Hedge funds pared exposure to the Magnificent Seven megacap tech stocks in the fourth quarter amid signs of extremes in the market, according to Goldman Sachs Group Inc. 

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AI-powered ‘answer engines’ have arrived. A few days ago, The Wall Street Journal reported how new companies like ArcSearch and Consensus are changing the rules of web search as we knew it. As compared to search engines that at best threw up a few links to relevant articles, these new AI-run search engines not only provide the most relevant information on a topic, but also intelligent summaries of various articles.

₹6 trillion. Data from DSP Mutual Fund shows the six-month average volume of a large liquid stock like Reliance Industries Ltd (RIL) is ₹1,948 crore vs ₹78 crore volume of Nippon India ETF Nifty 50 BeEs, one of the most liquid equity ETFs in India (4% of RIL). The six-month average volume of Apple is nearly 26.15% of the SPDR S&P500 ETF. What are your suggestions to tackle the liquidity problem in ETFs? On the NYSE, 5 out of the top 10 traded securities are ETFs.