Search Results for: Apple

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Apple posts strong Q2 results as investors look to incoming CEO

Apple delivered a stronger‑than‑expected set of Q2 2026 results, easing market concerns ahead of Tim Cook’s departure later this year. Revenue Revenue rose 17% to $111.18 billion, beating forecasts, while earnings per share reached $2.01. Services once again proved Apple’s most reliable growth engine, climbing to nearly $31 billion and helping push gross margin to 49.3%. Apple’s …

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Meta’s AI power play: can it outmanoeuvre Apple and Google in the device race?

Meta is making a serious play to become the dominant force in AI-powered consumer devices, and it’s not just hype—it’s backed by aggressive strategy, talent acquisition, and a unique distribution advantage. 🧠 Meta’s Strategic Edge in AI Devices 1. Massive User Base 2. Platform-Agnostic Approach 3. Talent Acquisition Blitz 4. Proprietary Data Advantage 🍏 Apple …

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Apple improves – with best figures since 2021

Apple has once again defied expectations, posting a record-breaking $94.04 billion in revenue for its fiscal third quarter ending 28th June 2025. However, not all segments thrived. iPad revenue dipped to $6.58 billion, and wearables saw a decline to $7.4 billion. Still, Apple’s gross margins expanded to 46.5%, and net profit hit $23.4 billion. Summary …

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Apple and Google shares fall after China reportedly launches probes into Apple App Store practices and Google’s anti-trust issues

China Launches Probes into Google and Apple Over Antitrust Concerns China has recently initiated investigations into both Google and Apple, raising concerns over potential antitrust violations. The State Administration for Market Regulation (SAMR) is considering whether to formally investigate Apple’s App Store practices, particularly focusing on the fees Apple charges and its policies that block …

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Apple shares rise as services revenue compensates for iPhone miss

Apple’s shares recently rose by 3% despite a decline in iPhone sales, thanks to a significant boost in services revenue. The company’s overall revenue for the first fiscal quarter of 2025 reported an increase of 4% to $124.3 billion, surpassing Wall Street’s expectations. However, iPhone sales fell short of estimates, totalling $69.14 billion compared to …

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Apple’s inaccurate AI news alerts demonstrate that its technology has a problem

It’s not just any Artificial Intelligence… its Apple Intelligence Last week, a newly launched feature by Apple that uses artificial intelligence to summarise users’ notifications inaccurately summarised BBC News app notifications, falsely claiming that British darts player Luke Littler had won the PDC World Darts Championship (before he actually did) and that Luigi Manione shoots …

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Apple launches its Apple Intelligence – ChatGPT integration with Siri

Apple has finally rolled out updates for iPhone on Wednesday 11th December 2024, iPad, and Mac software, featuring the highly anticipated ChatGPT integration with Siri. The integration is activated when Siri is posed with complex questions. If a question is deemed more suitable for ChatGPT by Apple’s software, Siri will request user consent to utilise …

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Apple, Amazon and Intel all post positive results 31st October 2024

Apple Apple’s fourth-quarter results surpassed Wall Street forecasts for revenue and earnings per share. However, net income declined due to a one-time charge related to a tax settlement in Europe. iPhone sales and overall sales both rose by 6%. Amazon Amazon’s shares soared in after-hours trading following the announcement of earnings and revenue that exceeded …

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Apple smartphones return to top 5 rank in China following iPhone 16 release

Apple has returned to the top five smartphone vendors in China’s market during the third quarter, lifted by the release of the iPhone 16, according to data. Apple’s shipment growth remained steady year-on-year in the Q2, securing the company a second-place rank by market share in Q3. Following Apple, Huawei held the third position with …

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Ireland’s 13-billion-euro Apple windfall

Ireland stands to gain a substantial financial boost following a pivotal ruling by the European Union’s highest court, which requires Apple to pay €13 billion (around $14 billion) in back taxes. Initially resisted by Dublin, this windfall is now seen as a transformative chance for the nation. The settlement’s roots trace back to 2016 when …

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Apple loses EU court battle over €13 billion tax bill in Ireland

Europe’s highest court ruled against Apple on Tuesday 10th September 2024, concluding a decade-long legal dispute over the company’s tax dealings in Ireland. The case dates back to 2016, when the European Commission directed Ireland to reclaim up to 13 billion euros ($14.4 billion) in unpaid taxes from Apple. The Commission had determined that Apple …

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Berkshire Hathaway sold nearly half its stake in Apple

Warren Buffett’s Berkshire Hathaway significantly reduced its Apple stake last quarter, a surprising decision from the investor known for his long-term focus. The conglomerate, headquartered in Omaha, reported in its earnings filing that its investment in the tech giant was worth $84.2 billion at the end of the Q2, indicating it sold just over 49% …

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Amazon, Intel, Meta, Nintendo, Apple, Snap, Qualcomm and others report – here’s a brief round-up

Reports summary 31st July 2024 -1st August 2024 Amazon offers weak guidance citing Olympics and the Trump assassination attempt as cause (consumers are distracted). However, Amazon’s cloud unit reports 19% revenue growth, topping estimates and a 20% increase in business in Q2. Amazon stocks pull back after guidance update. Intel endures a 22% share plunge …

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Apple’s stock reaches a record high following the unveiling of its AI software

Apple’s shares reached a new record high of approximately $207 per share on Tuesday 11th June 2024, surpassing the previous record set in December. At its annual developer conference on Monday 10th June 2024, the company launched its highly anticipated venture into AI. Apple is playing catch-up in the AI race and this announcement cheered …

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Apple finally now has AI and it’s called: Apple Intelligence (AI)

Apple has entered the artificial intelligence race with the announcement of its version of AI – Apple Intelligence on Monday 10th June 2024, in its attempt to catch up in the AI race. Reportedly to use it on your phone, you’ll need at least the high-end iPhone 15 Pro from this year’s lineup. According to …

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Apple reportedly developing AI microchips for data centres

Apple, renowned for its innovative consumer electronics, is reported to be branching into artificial intelligence (AI). Recent reports suggest the company is developing a project dubbed ‘Project ACDC,’ (Apple Chips in Data Centre) with the goal of creating specialized AI chips for data centres. The AI race AI applications are becoming ever more essential in …

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Apple announces largest-ever $110 billion share buyback

Apple shares rose by 7% in after-hours trading on Thursday 2nd May 2024, following the company’s announcement of fiscal second-quarter earnings that exceeded expectations, coupled with the unveiling of an expanded stock repurchase program. The tech giant disclosed that its board has approved a new $110 billion share buyback plan, marking a 22% increase from …

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Is Apple planning to build an AI robot?

Reports indicate that Apple is delving into AI-powered robotics, aiming to innovate within the home robotics sector. A Bloomberg article reveals that the tech titan is exploring two fascinating initiatives. Mobile Robot Apple is reportedly exploring the development of a robot that can accompany its owner. Envision a congenial AI companion that travels with you. …

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EU launches probe into Meta, Apple and Alphabet

On Monday, 25th March 2024, the European Union initiated its first investigation under the new Digital Markets Act, targeting Apple, Alphabet, and Meta for potential tech legislation breaches. Statement “Today, the Commission has opened non-compliance investigations under the Digital Markets Act (DMA) into Alphabet’s rules on steering in Google Play and self-preferencing on Google Search, Apple’s rules on steering in …

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Apple reportedly being accused of monopolising smartphone market

The U.S. has reportedly initiated a significant lawsuit against Apple, alleging that the technology giant has monopolised the smartphone market and stifled competition. The Justice Department claims that Apple has misused its dominance over the iPhone App Store to ‘lock in’ customers and developers. The company is also accused of taking unlawful measures to obstruct …

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Apple and Alphabet reportedly in Gemini AI talks

Apple playing AI catchup Apple is reportedly engaged in negotiations to acquire a licence for Google’s Gemini, a generative AI platform, with the intention of integrating it into iPhones. These ongoing discussions may result in Gemini enhancing iPhone software with new features later this year. The terms, branding, and implementation details have not been finalised. …

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Apple reportedly cancels EV project it never admitted doing

Apple has reportedly cancelled its plans to build an electric car, bringing an end to a secretive project known as Project Titan The EV project consumed immense resources over the past 10 years, with executives from the company making an unexpected announcement. The decision to halt the program marks a significant retreat from Apple’s previous strategy. Apple has never …

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