Apple Inc Stock Price, News & Analysis

Apple has announced the launch of Tap to Pay on iPhone, allowing US merchants to accept Apple Pay and other contactless payments using just their iPhone and compatible iOS apps. This feature will enable millions of businesses, from small retailers to large companies, to conduct transactions without needing additional hardware. Stripe will be the first payment platform to support this capability, integrating it into the Shopify Point of Sale app. Tap to Pay on iPhone will roll out later this year, enhancing transaction security with encrypted payment data.

Apple announced fiscal Q1 2022 results, achieving an all-time record revenue of $123.9 billion, marking an 11% year-on-year growth. The quarterly earnings per diluted share were $2.10, driven by strong customer response to new products. Apple returned nearly $27 billion to shareholders and declared a cash dividend of $0.22 per share, payable on February 10, 2022. The company is also on track to achieve carbon neutrality across its supply chain and products by 2030, emphasizing its commitment to innovation and social responsibility.

Apple has filed a lawsuit against NSO Group to hold it accountable for surveillance targeting Apple users. The suit reveals how NSO's Pegasus spyware can infect devices, and seeks a permanent injunction to prevent NSO from using any Apple products. Additionally, Apple is contributing $10 million to support cybersurveillance research. The lawsuit aims to protect users and uphold Apple's commitment to privacy and security, highlighting the company's ongoing efforts to enhance security measures against sophisticated cyberattacks.

Apple has launched its Self Service Repair program, allowing consumers to repair their iPhone 12 and iPhone 13 with genuine parts and tools. The program will be available in the US early next year and will expand globally throughout 2022. Customers can access over 200 individual parts and tools, focusing initially on common repairs like the display, battery, and camera. This initiative aims to enhance repairability and give customers more choices in managing their Apple products.

Apple has announced the election of Alex Gorsky, former chairman and CEO of Johnson & Johnson, to its board of directors. Gorsky brings extensive experience in corporate leadership and health technologies, having led Johnson & Johnson to become the largest healthcare company globally. Tim Cook, Apple’s CEO, expressed enthusiasm for Gorsky's innovative mindset and ability to improve lives through technology. Gorsky's leadership is expected to positively impact Apple’s direction in health-focused innovations.

Apple announced its fiscal 2021 fourth quarter results, achieving a record revenue of $83.4 billion, reflecting a 29% year-over-year increase. The company reported earnings per diluted share of $1.24. Key highlights include record performance in Services and Mac segments, along with a substantial growth in the active installed base of devices. Apple returned over $24 billion to shareholders and declared a cash dividend of $0.22 per share, payable on November 11, 2021. The financial results showcase strong double-digit growth across all geographic segments and product categories.