Tag: Apple market value

Stock Traders Face Pivotal Week as Apple Steals Fed Spotlight
30Oct By adminNo Comments
Technology

Stock Traders Face Pivotal Week as Apple Steals Fed Spotlight

[ad_1] A Federal Reserve meeting typically is the stock-market story of the week. Not so this time, however, as investors are more focused on Apple Inc.'s Thursday earnings report than the central bank's Wednesday interest-rate decision. There's reason for concern about Apple. The world's most valuable company, representing 7.2% of the S&P 500 Index, is facing a slump in smartphone sales, and one of its main suppliers is under investigation in China. A revenue decline is expected for a fourth consecutive quarter, its longest streak in more than two decades.  Other big tech companies have seen their shares drop after posting solid earnings this month, so investors may not be forgiving if Apple shows weakness. The stock is already struggling, on pace for a third-straight losing month,...
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Apple’s Slide Topples Last Stock in $2 Trillion Club
4Jan By adminNo Comments
Technology

Apple’s Slide Topples Last Stock in $2 Trillion Club

[ad_1] A steady slide in Apple Inc. shares pushed the iPhone maker’s market value below $2 trillion, the latest casualty in the tech stock rout. A steady slide in Apple Inc. shares pushed the iPhone maker's market value below $2 trillion, the latest casualty in the tech stock rout. Apple fell as much as 4.2% on Tuesday as concerns about iPhone supply in the important holiday quarter mount and investors lose faith in a reprieve from higher interest rates. The slump sent Apple's market value to $1.98 trillion, ending its reign as the last company to sport a $2 trillion valuation after Microsoft Corp. and oil giant Saudi Aramco retreated in 2022. The milestone marks a fall from grace for Apple. The stock spent much of the past year outperforming the S&P 500 Index but has stumble...
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Apple’s Historic Buyback Keeps Investors Captivated
30Nov By adminNo Comments
Technology

Apple’s Historic Buyback Keeps Investors Captivated

[ad_1] Apple Inc. has shelled out more than $550 bn buying back its own shares over the past decade, more than any other US company. Apple Inc. has shelled out more than $550 billion buying back its own shares over the past decade, more than any other US company, and the technology juggernaut shows no signs of slowing down.Even with the stock under pressure the past few days because of production delays for its newest handsets, Apple has fared better than other megacap tech companies in this year's bear market. Solid earnings and generous buybacks have become a central part of the investment thesis, making the stock more attractive during turbulent times. Shares fell 0.4% on Tuesday. “That's how they get the safe haven, the gold standard view from investors,” said Gene Munster, who co...
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Apple Taps Facebook Veteran as Information Chief After Departures
10Nov By adminNo Comments
Technology

Apple Taps Facebook Veteran as Information Chief After Departures

[ad_1] Apple has hired a startup founder and former Facebook executive to run its information systems group after departures in that department. Apple Inc. has hired a startup founder and former Facebook executive to run its information systems group after departures in that department, according to people with knowledge of the matter. Timothy Campos will lead the Information Systems and Technology department, better known as IS&T, which handles the infrastructure behind Apple's online services, customer support and website. Apple refers to the operation as its “nerve center” because it lets employees, suppliers and customers stay connected. The division reports to Chief Financial Officer Luca Maestri. Mary Demby, the current information chief, is retiring after this year, Bl...
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Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount
9Nov By adminNo Comments
Technology

Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount

[ad_1] Apple Inc.’s status as a relative haven in this year’s bear market is under threat amid growing concern that iPhone sales are weakening. Apple Inc.'s status as a relative haven in this year's bear market is under threat amid growing concern that iPhone sales are weakening, portending further declines for technology stocks more broadly. Over the weekend, the Cupertino, California-based company said Covid-related lockdowns in China would cause shipments of its newest premium handsets to be lower than previously expected. Bloomberg News also reported that due to weaker demand, Apple expects to produce at least 3 million fewer iPhone 14s this year than first anticipated. The stock rose 0.6% on Tuesday, bringing its year-to-date decline to 21%. The Nasdaq 100 Index is down 32%....
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Apple Is the Only Big Tech Consolation in Wild $477 Bn Rout
29Oct By adminNo Comments
Technology

Apple Is the Only Big Tech Consolation in Wild $477 Bn Rout

[ad_1] In a week that has seen hundreds of billions in market value wiped out at the biggest technology firms, Apple is bucking the trend. In a week that has seen hundreds of billions in market value wiped out at the biggest technology firms, Apple Inc. is bucking the trend with another set of resilient results. Apple jumped 7.6% on Friday and added more than $150 billion in market value after the iPhone maker's revenue and profit both topped analysts' estimates. In contrast, fellow megacaps Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. saw their shares tumble after reporting results this week, shedding $477 billion in combined market value in the trading session immediately after the results. Apple's slight beat on revenue in the fourth quarter at a tim...
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