apple shares – Page 2

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

9Nov

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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%....

Apple Slips After iPhone and Services Revenue Comes in Light

28Oct

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Technology

Apple Slips After iPhone and Services Revenue Comes in Light

[ad_1] Apple Inc. delivered just enough good news in its quarterly report to avoid the fate of most tech giants this earning season. Apple Inc. delivered just enough good news in its quarterly report Thursday to avoid the fate of most tech giants this earning season, when its peers have seen valuations plunge by hundreds of billions of dollars. Though sales of iPhones and services were softer than expected last quarter, Apple's revenue and profit both topped analysts' estimates. The company said that growth wouldn't be as strong during the current period, but investors found enough optimism to send the stock higher in late trading Thursday. That provided a sharp contrast with Alphabet Inc., Amazon. com Inc., Meta Platforms Inc., Microsoft Corp. and others, which all delivered glo...

Alphabet, Microsoft Lead Bear-Market Earnings Season

25Oct

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Technology

Alphabet, Microsoft Lead Bear-Market Earnings Season

[ad_1] Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis. Now, these companies are slated to report quarterly results this week with projections showing a profit decline by th...

Microsoft’s Turn Is Coming in Stock Battle of Titans

6Oct

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Technology

Microsoft’s Turn Is Coming in Stock Battle of Titans

[ad_1] In the stock market contest this year between the two biggest US companies, Microsoft Corp. has been no match for Apple. In the stock market contest this year between the two biggest US companies, Microsoft Corp. has been no match for Apple Inc. With consumer spending under threat from a possible recession, some analysts are betting that performance is about to turn around.Their valuations might be similar, but their business models are quite distinct. Much of Microsoft's almost $200 billion of annual revenue comes from providing essential software and services to businesses. Meanwhile, Apple is more at the mercy of consumer demand and is exposed to markets like Europe and China. “Microsoft has an advantage because it's a sticky business,” said Gene Munster, managing partner of...

Apple’s Ugly Day Wipes Out $120 Billion, Spills Over Big Tech

30Sep

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Technology

Apple’s Ugly Day Wipes Out $120 Billion, Spills Over Big Tech

[ad_1] Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure. Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks. The iPhone maker dropped 4.9% after Bank of America cut its rating to neutral from buy, warning of weaker consumer demand for its popular devices. The selloff erased roughly $120 billion from Apple's market capitalization. There were few places to hide on Thursday with investors dumping stocks as Federal Reserve officials continue to talk tough on raising interest rates in the central bank's fight against inflati...

Apple worsens selloff over iPhone 14 U-turn

28Sep

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Technology

Apple worsens selloff over iPhone 14 U-turn

[ad_1] Apple had told its suppliers to curtail efforts to increase the assembly of its iPhone 14 lineup. Apple Inc shares fell 4% in premarket trading on Wednesday and piled pressure on other growth stocks following a report that the tech giant was dropping its plans to boost production of the latest model of its flagship iPhone. Bloomberg earlier reported that Apple had told its suppliers to curtail efforts to increase the assembly of its iPhone 14 lineup by as many as 6 million units in the second half of the year on disappointing demand. Shares of the world's most valuable public company fell to $145.89 and were on track to open at a two-month low. Other growth stocks including Microsoft Corp, Amazon. com, Google-pa...

Tesla Stock Rises as Unlikely Rival to Apple

27Sep

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Technology

Tesla Stock Rises as Unlikely Rival to Apple

[ad_1] In a year that has seen tech stocks battered, Tesla stock has emerged as an unlikely rival to Apple Inc. In a year that has seen high-flying technology stocks with lofty valuations battered, Tesla Inc. shares have emerged as an unlikely rival to Apple Inc. Of the five biggest US companies by market value, Tesla's shares are by far the most expensive, yet they're the only ones whose performance comes close to Apple's, which has been a rare bright spot for investors in the sector this year. Tesla is down 22% this year while Apple has fallen 15%. By contrast, Microsoft Corp., Alphabet Inc. and Amazon. com Inc. have all declined 29% or more, roughly the same as the Nasdaq 100 Index. On the surface, Tesla appears to be...