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 has announced the redesigned 11-inch and all-new 13-inch iPad Air, powered by the M2 chip. With enhanced performance, AI capabilities, a new front camera, and faster Wi-Fi, the new iPad Air is available in two sizes for the first time, catering to a wide range of users. Featuring a faster CPU, GPU, and Neural Engine, the M2 chip ensures a more powerful and versatile device. The iPad Air comes in new blue and purple finishes, along with starlight and space gray, starting at $599 for the 11-inch model and $799 for the 13-inch model. With support for Apple Pencil Pro, Magic Keyboard, and all-day battery life, the new iPad Air empowers users to be more productive and creative.
Apple Inc. announces the pendency and proposed settlement of shareholder derivative actions, with significant benefits for Apple and its shareholders. The settlement involves corporate governance reforms, approval by independent directors, and payment of attorneys' fees. Current shareholders have the right to object to the terms and attend a Settlement Fairness Hearing on July 16, 2024.
Apple reported financial results for its fiscal 2024 second quarter, with revenue of $90.8 billion, down 4% year over year, and earnings per diluted share of $1.53. The company achieved a new all-time record in Services revenue and set a March quarter record in EPS. Apple's CEO, Tim Cook, highlighted the launch of Apple Vision Pro and upcoming product announcements. The CFO, Luca Maestri, emphasized the active installed base of devices reaching an all-time high, driving a new EPS record. The board authorized an additional $110 billion for share repurchases and raised the quarterly dividend by 4%.
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