Welcome to our dedicated page for Apple news (Ticker: AAPL), a resource for investors and traders seeking the latest updates and insights on Apple stock.
Apple Inc. (symbol: AAPL) is an American multinational technology company headquartered in Cupertino, California. It is renowned for its innovative products and services, being the world's largest technology company by revenue with $394.3 billion in 2022. As of March 2023, it also holds the title of the world's most valuable company by market capitalization.
Apple's product lineup includes the iPhone, which contributes significantly to its sales, alongside other popular devices like Mac, iPad, and Apple Watch, all designed to integrate seamlessly with its iPhone-centric software ecosystem. The company continually evolves its offerings, incorporating services such as streaming video, subscription bundles, and augmented reality.
Apple designs its software and semiconductors in-house, while partnering with firms like Foxconn and TSMC for manufacturing. Retail operations are robust, with nearly half of its sales occurring through its own stores, augmented by partnerships and a strong distribution network.
Recently, Apple has launched significant updates across its product lines, including the introduction of powerful new AI features in Final Cut Pro for Mac, enhancing video editing workflows. Additionally, the latest iPad Pro features groundbreaking Ultra Retina XDR displays and the new M4 chip, offering unprecedented performance and visual experiences.
Apple remains a leader in technology, driven by a commitment to innovation and quality, supported by a workforce of over 150,000 employees dedicated to making the best products on earth and improving the world with its environmental commitments.
Apple reported strong financial results for its fiscal 2024 third quarter, setting new June quarter records for revenue and earnings per share (EPS). The company posted quarterly revenue of $85.8 billion, up 5% year over year, and quarterly EPS of $1.40, up 11% year over year. Services revenue reached an all-time high.
CEO Tim Cook highlighted the announcement of Apple Intelligence, a new personal intelligence system incorporating generative AI across Apple devices. CFO Luca Maestri noted that the company generated nearly $29 billion in operating cash flow and returned over $32 billion to shareholders. Apple's installed base of active devices reached a new all-time high across all geographic segments.
The board declared a cash dividend of $0.25 per share, payable on August 15, 2024.
Apple TV+ has achieved a record 72 Emmy Award nominations across 16 Apple Originals, marking its best-ever showing. The streaming service swept top category nominations, including:
- Outstanding Series for 'Lessons in Chemistry'
- Outstanding Drama Series for 'The Morning Show' and 'Slow Horses'
- Outstanding Comedy Series for 'Palm Royale'
- Outstanding Documentary or Nonfiction Series for 'STEVE! (martin) a documentary in 2 pieces' and 'Girls State'
'The Morning Show' leads with 16 nominations, including 10 acting nominations. 'Lessons in Chemistry' received 10 nominations, including Apple TV+'s first-ever Best Series nomination. The 76th Emmy Awards ceremony is scheduled for September 15, 2024.
Apple has announced the opening of its first retail store in Malaysia, Apple The Exchange TRX, located in Kuala Lumpur's Tun Razak Exchange on June 22. The store will offer Apple's full range of products and services, alongside support from over 160 team members. It will also host free 'Today at Apple' sessions, empowering customers to maximize their Apple devices. The store features a modern design with sustainable elements and connects to a rooftop park. Special opening events, 'Jom Discover', will run from June 22 to July 6, featuring local creators.
Apple has announced new updates aimed at enhancing user privacy across its platforms, including the innovative Private Cloud Compute feature. This feature extends the security of iPhone to the cloud, allowing processing of complex AI requests while protecting user data. Apple has also introduced new privacy features like locked and hidden apps, improved contact permissions, and a refreshed Passwords app for secure password management. Additionally, the new iOS 18, iPadOS 18, and macOS Sequoia include features like Mail categorization, satellite messaging, and presenter preview. These updates aim to give users greater control over their data and privacy.
Apple has introduced a range of new tools and resources aimed at enhancing developer productivity and innovation. Key updates include Xcode 16 with features like Swift Assist and predictive code completion, Swift 6 offering compile-time data-race safety, and Game Porting Toolkit 2 which simplifies game development for Apple devices. New updates to visionOS 2, Controls API, and TestFlight further support developer capabilities. The App Store now offers new discovery and monetization features, such as custom product pages and win-back offers for subscription apps, along with enhanced App Analytics.
Apple has unveiled watchOS 11, introducing features that enhance health and fitness tracking, and provide more personalization than ever before. The new Vitals app allows users to monitor key health metrics, while the training load feature offers insights into workout intensity and duration. Activity rings can now be paused, and the Fitness app has been enhanced to allow greater customization of metrics.
Additionally, support for pregnant users has been improved, with features to monitor gestational age and symptoms. New widgets in the Smart Stack and Photos face offer more intelligent customization, and the Translate app is now available on Apple Watch. The update also brings more convenience with the Check In feature and expanded workout types.
Developers benefit from new APIs to enhance app functionality, while privacy remains a priority with encrypted health data. A developer beta is available now, with a public beta next month, and a full release expected this fall.
Apple has unveiled iOS 18, an update featuring new customization options for the Home Screen, Lock Screen, and Control Center, a major redesign of the Photos app, and innovative connectivity through Messages via satellite. Users can now organize apps and widgets more flexibly and access new collections in Photos. Mail receives on-device sorting, while Safari gets a redesigned Reader experience. Apple Intelligence, integrated across iOS 18, harnesses generative models for enhanced writing and image capabilities, all built with a strong focus on privacy. The update introduces several new features, including a Passwords app, expanded Apple Pay options, and new privacy controls. The developer beta is available now, with a public beta next month, and a full release expected this fall for iPhone Xs and later.
Apple has revealed iPadOS 18, a major update that enhances the iPad's versatility and intelligence. New features include Apple Intelligence, a personal intelligence system that integrates with various Apple devices, and a redesigned Photos app. The update introduces Calculator with Math Notes, new handwriting tools in Notes, and more customization options for the Home Screen and Control Center. Additionally, Messages now allows text formatting and scheduled messages. Safari gains machine learning for better web page summaries, while privacy controls are strengthened. The update will be available this fall for eligible devices.
Apple has unveiled Apple Intelligence, a personal intelligence system integrated into iOS 18, iPadOS 18, and macOS Sequoia, enhancing iPhone, iPad, and Mac functionalities.
This innovation uses generative models and personal context to offer relevant and private AI-driven assistance. It introduces new Writing Tools, Image Playground, and Genmoji creation, while enhancing Siri's capabilities with richer language understanding and integration with ChatGPT.
Apple Intelligence ensures privacy through on-device processing and Private Cloud Compute, maintaining data security by running complex models on dedicated Apple silicon servers.
Apple has announced visionOS 2, a significant update to its Apple Vision Pro, enhancing spatial computing experiences. Key features include the ability to transform existing photos into spatial photos, new hand gestures for easier navigation, and updates to popular apps like Safari and Apple TV. The update also introduces a new Mac Virtual Display and Travel Mode, along with support for Canon's new spatial lens and Final Cut Pro updates. Developers gain new tools for building immersive apps, including TabletopKit and HealthKit integration. The developer preview of visionOS 2 is now available.
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