Apple Inc Stock Price, News & Analysis

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.

Apple has unveiled the next-generation Apple TV 4K, featuring the A15 Bionic chip for enhanced performance and affordability, starting at $129. This model supports both HDR10+ and Dolby Vision, promising superior visual quality. It is available in two configurations: Wi-Fi (64GB) and Wi-Fi + Ethernet (128GB). The new device integrates seamlessly with Apple's ecosystem, allowing for smart home control and offering access to a wide range of streaming content, including Apple TV+ and Apple Arcade. Orders start today, with availability from November 4.

Apple has unveiled its new iPad with a 10.9-inch Liquid Retina display powered by the A14 Bionic chip, which offers a 20% CPU increase and a 10% graphics boost over its predecessor. The iPad includes a landscape Ultra Wide 12MP front camera, enhanced connectivity with Wi-Fi 6 and 5G options, and a USB-C port. It supports the new Magic Keyboard Folio and iPadOS 16, featuring innovative collaboration tools. Pricing starts at $449 for Wi-Fi models and $599 for Wi-Fi + Cellular models, with availability beginning October 26.

Apple has unveiled the new iPad Pro powered by the M2 chip, offering enhanced performance, including an 8-core CPU that is 15% faster than its predecessor and a 10-core GPU providing 35% faster graphics. Key features include a next-level Apple Pencil hover experience, ProRes video capture, and superfast Wi-Fi 6E connectivity. The iPad Pro runs iPadOS 16, introducing enhanced multitasking with Stage Manager and desktop-class apps. Available for order from October 18, the 11-inch model starts at $799 and the 12.9-inch model at $1,099, with in-store availability starting on October 26.

Apple Card users can now grow their rewards by automatically depositing Daily Cash into a new high-yield Savings account from Goldman Sachs. This account requires no fees, no minimum deposits, and no minimum balance. Users can easily manage their Savings account through the Apple Wallet, allowing for additional deposits and withdrawals without fees. Apple aims to enhance financial wellness for users while providing competitive Daily Cash rewards on purchases, including 3% on select transactions. The Savings feature underscores Apple's commitment to simplifying financial management for its users.

Zylorion Health Inc. has announced the appointments of Jeroen Tas to its Board of Directors and Ted Goldstein to its Digital Health Advisory Committee. Tas, former Chief Innovation and Strategy Officer at Philips, and Goldstein, ex-Chief Artificial Intelligence Officer at Elevance Health, bring extensive experience in health technologies and bioinformatics. CEO Peter Silverstone expressed enthusiasm over their addition, highlighting their potential contributions to Zylorion's mission of delivering innovative therapies for mental health challenges, including MDD, TRD, and PTSD.

Apple announced that Fitness+ will be available for all iPhone users, even those without an Apple Watch, starting September 12. This expansion allows access to over 3,000 workouts and meditations across 21 countries. New features include the fourth season of Time to Walk, the second season of Time to Run, and a new Artist Spotlight series featuring iconic musicians. The subscription costs $9.99 per month or $79.99 annually, with sharing options available. Fitness+ integrates with iOS 16 and offers rewards for personal achievements.