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The Latest Breaking News from Tim Cook

Apple's Services Slowdown Has a Weird Culprit: No F1 Movie This Year

Apple Inc. (NASDAQ:AAPL) said its red-hot Services division lost some momentum in the fiscal third quarter, with CFO Kevan Parekh pointing to an unusual culprit: there was no blockbuster “F1“ movie release this year to boost Apple TV+ revenue.

Benzinga

Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks

Apple Inc.’s (NASDAQ:AAPL) record-breaking fiscal third quarter is being overshadowed by looming fourth-quarter supply shortages. The surprising culprit? The tech giant underestimated consumer demand for its own products, contributing to a weaker-than-expected September-quarter outlook and a sharp drop in after-hours trading.

Benzinga

iPhone Prices to Go up as Memory Chip Costs Keep Climbing? Tim Cook Says Apple Is 'Evaluating All Options'

Apple Inc. (NASDAQ:AAPL) is facing rising memory chip costs that could pressure its business beyond the September quarter, with outgoing CEO Tim Cook saying the company is exploring ways to manage the impact without revealing whether higher costs could eventually affect product pricing.

Benzinga

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Apple shares fall despite record revenue as outlook disappoints

Apple’s iPhone revenue jumped by almost 22% in the three months to June, but its forecast for the current quarter fell short of analysts’ expectations.

Euronews

Apple revenue, profits beat expectations on iPhone, Mac sales

Apple said sales for its fiscal third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% rise to $108.65 billion, according to LSEG data, and Apple's own forecast of 14% to 17% sales growth.

The Economic Times

Apple disappoints with forecast dogged by supply chain struggles

Apple anticipates slower sales growth this quarter due to supply chain issues. The company faces challenges in obtaining necessary parts for product delivery. This forecast led to a significant drop in Apple's stock value. Despite strong third-quarter results, future growth faces component shortages. Executives highlighted supply limitations rather than a…

The Economic Times

Tim Cook signs off on final Apple earnings call with warning of ‘100-year flood’ in memory chip pricing

The iPhone maker said severe constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

Fortune

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'We reluctantly raised prices': Tim Cook weighs in on hikes as Apple reports $109 billion in revenue

Tim Cook discussed the recent Apple price hike during the company's Q3 Earnings call and more.

Tom’s Guide

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters

The Guardian - US

Europe Heatwaves Could Turn Into a 'Big Economic Challenge' as Wildfires Spread, Analysts Warn— Insurers Brace for Impact

France, Spain and Greece battled major wildfires as extreme heat, dry conditions and strong winds fueled blazes across Europe.

Benzinga

Apple Earnings Prediction Market Preview: What Will Tim Cook Say in His Last Call as CEO?

Apple Inc. (NASDAQ:AAPL) reports third-quarter earnings after the bell Thursday, with the call at 5 p.m. ET.

Benzinga

Apple Q3 Preview: Stock Hits All-Time Highs, Will Earnings Justify the Momentum?

Technology giant Apple Inc (NASDAQ:AAPL) looks to maintain its lead as the most valuable company in the world with third-quarter financial results coming Thursday after market close.

Benzinga

Tim Cook’s Final Earnings Call Could Send Apple Stock to Nearly $400

Tim Cook's final earnings call is due this week, and Apple is at a crossroads.

Barchart

Incoming Apple CEO aims to build on movie and TV progress

The technology giant began offering original TV series and films through the Apple TV+ streaming app in 2019. The company found success with Oscar best picture winner "CODA," ‌box-office blockbuster "F1" and ⁠Emmy-winning shows ⁠such as "The Studio" and "Ted Lasso."

The Economic Times

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The Economic Times

Incoming Apple CEO John Ternus aims to build on movie and TV progress

Apple's incoming CEO John Ternus plans to build on entertainment momentum. The company achieved success with "CODA" and "Ted Lasso" shows. Apple TV+ was renamed Apple TV after its 2019 launch. Tim Cook emphasized focusing on quality over quantity in content. Future partnerships will be pursued where Apple offers unique…

Fortune

Apple’s next CEO inherits a product empire hungry for its next breakthrough

Apple’s incoming CEO John Ternus inherits an operational powerhouse with the challenge of reigniting the breakthrough product innovation that once defined the company.

Benzinga

Apple Hits Record Highs, Eyes Foldable Market Share, Tim Cook's Final Earnings Call and More: This Week in Appleverse

It’s been another eventful week for Apple Inc. (NASDAQ:AAPL), with the stock hitting record highs, foldable phone ambitions taking shape and Tim Cook approaching his final earnings call as CEO. Here’s a quick recap of the major Apple stories that came in over the week.

Fortune

Can Apple's incoming CEO bring back the product design mojo of the Steve Jobs era?

With more than half of Apple’s revenue still tied to the iPhone, former insiders say Ternus must give designers more influence as the company searches for its next breakthrough.

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Benzinga

AAPL Stock Hits Historic 11x Sales Valuation Ahead of Tim Cook's Final Earnings Call as Apple CEO

Apple Inc.‘s (NASDAQ:AAPL) valuation has officially shattered records, trading at an unprecedented 11 times its sales revenue just as CEO Tim Cook prepares to oversee his final earnings report.

Barchart

Apple Stock Sends Major Warning Signal as Momentum Hits Peak

Apple's stock just triggered a rare technical signal not seen since 2020, and history suggests investors should pay close attention.

Benzinga

Ross Gerber Says Apple Should Buy Disney or 'Stop Wasting Time' in Entertainment

Apple Inc. (NASDAQ:AAPL) should either make a bold move by acquiring The Walt Disney Co. (NYSE:DIS) or abandon its entertainment ambitions altogether, investor Ross Gerber said as the latter’s shares continue to lag the broader market.

International Business Times

Wall Street Couldn't Stop Buying Nvidia. Now Apple Is Worth More As AI Bets Shift And Chipmakers Fall

Apple's market capitalization reached approximately $4.88 trillion on Friday, edging past Nvidia's $4.86 trillion after the AI chipmaker's shares fell 3.5%.

The Economic Times

Apple unseats Nvidia to become world's most valuable company as AI bets shift

Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline. The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had…

Barchart

KeyBanc Just Slapped Apple With a Rare 'Underweight' Rating. Here's What It Means for AAPL Stock.

AAPL stock was downgraded by KeyBanc, citing aggressive price hikes on Apple products.

PC Gamer

Report suggests the US gov may have 'urged' Apple into Intel chipmaking deal to avoid tariffs, at almost the same time it took a $9 billion stake in blue team stock

Allegedly.

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