Apple will likely report a more than 4% drop in revenue, its second straight quarterly decline, after U.S. markets close on Thursday. iPhone demand and production are expected to have recovered in China after the CCP’s draconian, now-abandoned “Zero COVID” disruptions last year which finally set Apple on a path to diversify production outside of authoritarian China in countries such as India and Vietnam. : “Apple is seeing moderate headwinds in its hardware businesses as iPhones face modest contraction in premium device demand and the iPad and Mac businesses could be weighed down by consumer and enterprise trends,” analysts at Cowen and Co said. Apple investors, however, would be encouraged by a recovery in China, the company’s third-largest market. “The…

Apple and Microsoft have never occupied this much of the S&P 500 Index, leaving some investors worried about the gauge’s increasingly top-heavy nature. Subrat Patnaik for Bloomberg News: The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% this week after strong earnings reports from Microsoft and others fueled a rally in technology stocks. “It’s concerning to have such concentration in a few names and all those companies are in the very similar tech and communication services sectors,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management. “This concentration will drive broader market performance until it doesn’t.” According to Tejas Dessai, an analyst at Global X ETFs, the growing influence…

Readdle is out with a major update for its Calendars app on Apple Watch. The release comes with what the company calls an “intuitive and functional” new UI, half a dozen watch faces optimized with its Calendars app complications, a tasks list view, the ability to accept and decline meetings, and more. more… The post Readdle launches overhauled Calendars app for Apple Watch with new UI, 6 watch faces, more appeared first on 9to5Mac.