Apple Financial News

Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts’ cautious approach.

AMFI stock reshuffle: Jio Financial gets large-cap tag, Tata Tech moves to mid-cap; check stock movements in mutual fund “We are concerned about handset inventories," Kumar said in a note, lowering his recommendation for Apple to neutral from overweight after holding a bullish view since March 2020. “Growth rates have peaked for unit sales," Kumar was quoted as saying by Bloomberg.

Apple (NASDAQ:AAPL) shares are down 4.3% in the first trading week of 2024 after Barclays cut the tech giant's rating, citing weak demand for iPhone 15.

Endeavour is known as the Everest. The vehicle is equipped with either a 2.0-liter turbo diesel engine or a 2.0-liter bi-turbo diesel engine. The former generates 168 bhp with a torque output of 405 Nm, while the bi-turbo produces 208 bhp with a torque of 500 Nm.

Investing.com — US stock futures were trading slightly higher on Wednesday evening, even as the Nasdaq Composite recorded a fourth consecutive trading day of losses.

Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., have slipped for last four consecutive trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down nearly 5% in the time period, lead the slump that’s erased roughly $370 billion in market value.

Federal Reserve Minutes may elaborate on coming rate cut debate, here are 5 things to know "A few" Fed officials said they felt the Fed was approaching a point where the central bank may face a "tradeoff" between its dual goals of controlling inflation and maintaining high rates of employment - the sort of sacrifice policymakers have hoped to avoid in their search for a "soft landing" from the worst breakout of inflation in 40 years. "Participants pointed to the decline in inflation seen during 2023, noting the recent shift down in six-month inflation readings in particular," the minutes said, which through November were running just below the Fed's 2% target.

In 2023, Apple (NASDAQ:AAPL) stock had a strong performance, finishing the year at $192.53, marking a significant 48% gain from 2022.

smartphone company Xiaomi is kicking off 2024 with a three-year strategy to become India’s most preferred smartphone plus AIoT (artificial intelligence of things) brand, having regained some of the lost foothold in 2023, a top executive said on Wednesday. “With the reset, recharge, refresh strategy and Xiaomi getting its mojo back (in 2023), we now have a three-year gameplan to play with, wherein we want to be the aspirational Indian’s most preferred and pioneering smartphone x AIoT brand,” Xiaomi India president Muralikrishnan B told reporters. Premiumisation, fostering an integrated smartphone x AIoT experience for users, and synergising the omnichannel sales strategy will be the key pillars of the plan, he said. “In 2024, the smartphone market in India will grow in a single-digit percentage, largely driven by 5G, and we’d like to be at the forefront of it,” Muralikrishnan said. “Over three years, definitely we would want to have a substantial share of the premium segment.” The positive outlook on spending by the middle class in the coming years will also boost the smartphone market going forward, he added. At the same time, the company will be open to leveraging its R&D investments in generative AI “as and when chipsets develop new capabilities”, though it will be up to application makers to get the best out of it, Muralikrishnan said. Chinese smartphone makers, bogged down by government scrutiny and competition in the market from major rivals such as Samsung, Vivo, Oppo and Apple, are looking to regain their once-dominant market shares in India.

Dow Jones Industrial Average slid 0.4 percent to 37,571.60, while the broad-based S&P 500 Index lost 0.5 percent to 4,718.88. The tech-heavy Nasdaq Composite Index retreated 0.6 percent to 14,670.94. "It's kind of a pullback across markets.

Samsung Galaxy S24 Ultra design surfaced, showcased on a poster in a Brazilian store. Discover the anticipated features of the upcoming Samsung Galaxy S24 series and get insights into the expected pricing. As per information from a post by DontMatterToYou on the X platform, the design of the Samsung Galaxy S24 Ultra was exposed through leaked images when a store in Brazil displayed a poster of the smartphone.

Introduction Apple and other brands have revolutionized the way we wear technology on our wrists with the introduction of smartwatches. These nifty devices not only tell time but also pack a punch with features that can enhance our daily lives. In the quest for the best smartwatch under ₹45,000, Apple finds itself in a showdown with other brands, each vying for a spot on your wrist.

Investing.com — U.S. futures traded lower Wednesday, with investors consolidating ahead of the release of the minutes from the December Federal Reserve meeting.

(Reuters) — U.S. stock index futures slipped on Wednesday, pointing to fresh losses on the second trading day of 2024, as Treasury yields extended gains ahead of data that could offer insights on the Federal Reserve's monetary policy easing plans.

Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ:TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country.

Stocks finished lower, with the S&P 500 down about 60 bps, led mostly by mega-cap tech and Apple (NASDAQ:AAPL).

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By Stella Qiu

Investing.com-- Shares of Apple Inc's (NASDAQ:AAPL) biggest Asian suppliers sank on Wednesday, tracking an overnight decline in the iPhone maker after Barclays downgraded the stock citing cooling demand for its flagship product.

Investing.com-- Most Asian stocks fell on Wednesday, tracking steep overnight losses on Wall Street as markets second-guessed expectations for early interest rate cuts by the Federal Reserve, especially before more key economic cues this week.

Wall Street started 2024 with a slump, giving back some of its powerful gains from the year before