Apple Inc. - AAPL STOCK NEWS

Apple has announced the launch of M2 Pro and M2 Max, its latest generation of SoCs designed for enhanced performance and power efficiency. The M2 Pro features up to a 12-core CPU, a 19-core GPU, and supports up to 32GB of unified memory, while M2 Max boasts a 38-core GPU and up to 96GB of unified memory. Both chips utilize advanced technologies for improved graphics processing and energy efficiency. The M2 series powers new MacBook Pro and Mac mini models, enabling extensive pro-app capabilities and up to 22 hours of battery life. Apple aims for its chips to be carbon neutral by 2030.

Apple has introduced the new 14- and 16-inch MacBook Pro featuring M2 Pro and M2 Max chips. These models boast up to 6x faster performance in demanding tasks compared to the fastest Intel-based MacBook Pro. The M2 Max model supports up to 96GB of unified memory, enhancing capabilities for intensive workflows. The battery life extends to 22 hours, the longest in Mac history. Connectivity upgrades include support for Wi-Fi 6E and advanced HDMI for 8K displays. Customers can order starting January 17, with availability from January 24, at prices starting at $1,999 for the 14-inch model.

A U.S. Administrative Law Judge ruled that Apple Inc. (AAPL) violated the Tariff Act by importing and selling Apple Watches with pulse oximetry technology infringing Masimo's (MASI) patents. The case revolves around the pulse oximeter functionality first introduced in the Apple Watch Series 6. The U.S. International Trade Commission will now decide on a potential import ban. This ruling raises concerns about Apple's practices regarding technology innovation and could influence market accountability.

Apple has introduced significant enhancements to its App Store pricing capabilities, offering developers an additional 700 price points. This update enables pricing adjustments across 175 storefronts and supports 45 currencies, greatly improving customization for developers.

New features include the ability to set prices starting at $0.29 up to $10,000, and flexibility to manage foreign exchange and tax impacts. The changes aim to empower developers by simplifying their pricing strategies while maintaining accessibility for users worldwide.

Apple Music has introduced a new feature called Apple Music Sing, allowing users to sing along to millions of songs with adjustable vocals and animated lyrics. This feature enhances user engagement by providing controls for vocal levels, real-time lyrics, and a duet view. Available later this month for Apple Music subscribers globally, it will be compatible with iPhone, iPad, and the latest Apple TV 4K. The rollout includes over 50 curated playlists optimized for the new singing experience.

Apple has launched its innovative safety service, Emergency SOS via satellite, now available to iPhone 14 users in the US and Canada as of November 15. This service allows users to communicate with emergency services without cellular or Wi-Fi coverage. The extension to France, Germany, Ireland, and the UK is set for December. The service is free for the first two years after activation on all iPhone 14 models and integrates with existing emergency features, enhancing user safety in remote areas.

Apple reports that the Zhengzhou assembly facility for the iPhone 14 Pro and iPhone 14 Pro Max is operating at reduced capacity due to COVID-19 restrictions. This situation is likely to result in lower shipments and longer wait times for customers despite ongoing strong demand for these models. The company is working with suppliers to restore normal production while ensuring worker safety. Forward-looking statements highlight various uncertainties that may affect future results, including economic conditions and supply chain risks.

Apple reported a record revenue of $90.1 billion and earnings per share (EPS) of $1.29 for the September quarter, marking an 8% and 4% increase year over year, respectively. Annual revenue reached $394.3 billion, up 8%, while annual EPS rose to $6.11, a 9% increase. These results underscore Apple's resilience amidst macroeconomic challenges and highlight the strength of its ecosystem, with a record active installed base of devices. The company returned over $29 billion to shareholders and declared a cash dividend of $0.23 per share for November.