Apple is cutting production of its new low-cost iPhone SE due to weaker-than-expected demand, Nikkei Asia reported Monday. Read more.
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Tesla CEO Elon Musk, through his attorney, has accused the Securities and Exchange Commission of leaking information about a federal investigation to retaliate against him for his public criticism of federal financial regulators. Read more.
China Unicom is the latest Chinese telecommunications giant to be banned from the U.S. over "significant" national security and espionage concerns. Read more.
Apple CEO Tim Cook said Thursday that the company's supply chain challenges are improving, sending shares up about 5% in extended trading while posting a solid profit increase. Read more.
Shares of Rivian Automotive fell 5% in after-hours trading Monday after the company said it missed its 2021 production target and confirmed the departure of its chief operating officer. Read more.
Apple released its quarterly earnings results on October 27th, 2021. Its revenue for the quarter was up 28.9% on a year-over-year basis.
Shares of Amazon fell more than 4% in extended trading Thursday after the company reported weaker-than-expected third-quarter results and disappointing forecasts for the critical holiday season. Read more.
Apple has unveiled its M1Pro and M1Max chips, which are used in the new MacBook Pro laptops. Apple says the M1 Max chip is the most powerful the company has ever built, with 57 billion transistors. Read more.
A summary of the most important market changes and news from around the world. Read more.
During the previous quarterly earnings, Berkshire Hathaway beat earnings and revenue by substantial margins, with price retreating to its lower daily range of $270 it may very well be the buying opportunity that investors are looking for for a longer time perspective.
Fed chair Powell addressed the elephant in the room on Friday, tapering will take place and it won’t be at the same time as when they decide to raise interest rates. Apples earnings and revenue remain positive as earnings and revenue surpassed expectations in last months earnings reports. Apple was up 0.72% on Friday’s close. Read more.
Apple Incorporated (AAPL) is currently the world's largest company by market capitalization, boasting a value of more than $2 trillion. Read more.