Apple Financial News

By Carolina Mandl

In a seismic shift in the tech industry, Microsoft (NASDAQ:MSFT) briefly dethroned Apple (NASDAQ:AAPL) as the world's most valuable company yesterday, boasting a market cap of $2.888 trillion against $2.887 trillion for the Cupertino, California-based behemoth.

Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence.

₹9.98 lakh ex-showroom. Despite no alterations to the Astor's appearance or mechanics, MG has incorporated numerous new features for the 2024 model. The Astor will be available in Sprint, Shine, Select, Sharp Pro, and Savvy Pro variants.

Dua Lipa is dating British actor Callum Turner, who is currently appearing in two major Hollywood productions. The singer and the actor were spotted dancing at an afterparty in Los Angeles for the premiere of his show 'Masters of The Air'. Quoting an unnamed insider source, 'Page Six' reported, «It’s new, but they’re mad about each other.» It said that though it was early days, they were serious enough for her to come to his big event. It also said that the singer was at the premiere to support the actor.

EU antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday. Last week, Vestager's communications adviser said she would speak to chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States, focusing on European digital regulation including the Digital Markets Act (DMA) and competition policy.

Microsoft overtook Apple as the world’s most valuable company on Thursday after the iPhone maker’s shares made a weak start to 2024 due to growing concerns over demand.

BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

Amazon has recently confirmed that its Great Republic Day Sale will begin on January 13. During the Amazon Great Republic Day Sale, the iPhone 13 will get a significant price cut and will be available for under ₹50,000. The sale will begin on Amazon at 12pm on January 13 and will run until January 17.

₹45,000-crore investment to develop river cruise tourism, aiming to leverage India's inland waterways for economic growth. The government is considering an allocation of ₹2.2 trillion for food subsidy in the upcoming budget, which would be a 10% increase from the previous year, Mint reported. The allocation would align with the government's focus on ensuring food security and keeping food inflation in check.

Apple TV and Major League Soccer are expanding their collaboration, announcing Thursday that the looming MLS season will be chronicled in a new all-access docuseries similar to the ones that have given fans a deep, different look at golf, auto racing a...

By Johann M Cherian and Ankika Biswas

NEW DELHI : India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam. India's electronics and information technology ministry is firming up the proposal, including the size of the duty cuts, and hopes it can be included in the federal budget on Feb.1, one official said.

Apple has removed the world’s biggest cryptocurrency exchange Binance from its App Store after a show-cause notice was sent to nine such virtual digital asset (VDAs) service providers by the Finance Ministry for not complying with the country's money laundering laws. The company has also removed other apps like Kucoin, and OKX. The Financial Intelligence Unit, under the Finance Ministry, had last month issued show-cause notices to nine offshore VDA service providers, including Binance, for operating in the country without complying with money laundering laws. Last month, the Finance Ministry had also asked the IT Ministry to block the URLs of these crypto firms as they have been operating illegally in the country. Binance is already facing investigation in the US after being convicted of breaking anti-money laundering laws. Also Read | Bitcoin falls below $46,000 amid false ETF approval announcement

Also Read: BlackRock to cut 3% of workforce, aims for larger employee strength by end of 2024 Microsoft has briefly taken the lead over Apple as the most valuable company a handful of times since 2018. Most recently in 2021, it overtook Apple when concerns about supply chain shortages related to the COVID-19 pandemic hit the iPhone maker's stock price. Analysts believe both tech stocks look relatively expensive in terms of price to their expected earnings.

Apple's stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world's most valuable company. Fresh worries about smartphone demand have pushed Apple's shares down 4% so far in 2024 after rallying 48% last year. Microsoft is up about 2% year to date after surging 57% in 2023.

Redburn analysts cut the rating on Apple (NASDAQ:AAPL) stock to Neutral with a price target of $200 per share price target.

smartwatches stand at the forefront of this technological revolution, offering a perfect blend of style and functionality. The evolution of smartwatches has been remarkable. Initially designed as a convenient way to glance at notifications, they have burgeoned into powerful tools for fitness tracking, health monitoring, and staying connected.

AirDrop, as stated by the city's judicial bureau in an online announcement. The agency reported that law enforcement has identified several suspects using this technique but did not reveal whether any arrests have been made. “It improves the efficiency and accuracy of case-solving and prevents the spread of inappropriate remarks as well as potential bad influences," said the bureau.

In 2023, television experienced disruptions due to strikes by writers and actors, leading to a halt in production for almost the entire latter half of the year. Consequently, TV shows, especially those on tight schedules, found themselves dealing with unintended cliffhangers and postponed premieres.

Apple enthusiasts can mark their calendars as the tech giant officially announced the release date for its highly anticipated product, the Apple Vision Pro. Set to elevate user experiences with cutting-edge technology, the spatial computer is slated to hit the market on February 2. Apple CEO Tim Cook expressed enthusiasm, calling the Vision Pro «the most advanced consumer electronics device ever created» in a press release. Here's an insight into what users can expect from the Apple Vision Pro.