Apple Faces $360 Billion Market-Value Hit as Chip Shortage Clouds Outlook
Companies

Apple Faces $360 Billion Market-Value Hit as Chip Shortage Clouds Outlook

Apple's shares slid more than 7% after it warned chip supply constraints would slow revenue growth, putting roughly $360...

Declan Byrne 👁 37 💬 0
Apple Delivers Record Quarter, But Stock Tumbles 8% as Market Fears Loom
Companies

Apple Delivers Record Quarter, But Stock Tumbles 8% as Market Fears Loom

Apple's revenue surged 16% to $109bn, with iPhone sales up 22% to a record $54bn for a spring quarter. Consumers rushed ...

Declan Byrne 👁 28 💬 0
Apple Shares Slide as Record Earnings Overshadowed by Weak Forecast
Companies

Apple Shares Slide as Record Earnings Overshadowed by Weak Forecast

Apple's record June-quarter iPhone sales of $54.25bn were overshadowed by a 9-11% current-quarter revenue guidance that ...

Declan Byrne 👁 34 💬 0
Apple Doubles Inventory to $11.1 Billion as Memory Chip Shortage Bites
Companies

Apple Doubles Inventory to $11.1 Billion as Memory Chip Shortage Bites

Apple has almost doubled its inventory to $11.1 billion, bracing for what outgoing CEO Tim Cook called “very significant...

Declan Byrne 👁 46 💬 0
Apple Earnings Beat Propelled by iPhone 22% Growth; CEO Transition in Focus
Companies

Apple Earnings Beat Propelled by iPhone 22% Growth; CEO Transition in Focus

Apple reported better-than-expected quarterly results, driven by a 22% iPhone revenue jump, even as the company prepares...

Declan Byrne 👁 39 💬 0
Apple Reclaims World’s Most Valuable Company Title from Nvidia
Companies

Apple Reclaims World’s Most Valuable Company Title from Nvidia

Investor shift beyond pure AI chip plays lifts Apple’s market cap to $4.88 trillion, edging out Nvidia as the market rea...

Declan Byrne 👁 44 💬 0