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Apple, the world’s most valuable company, is nearing a market capitalization milestone in trading today. Apple’s stock closed at another record high of $188.06 on Tuesday, its fifth record for the year. If Apple closes at or above $190.73 on Wednesday, the Mac-maker will officially have a market capitalization of $3 trillion. Angela Palumbo for Barron’s: “This product and application build out could be another tailwind to Services revenue in FY25 as more consumers start to make the path down the mixed reality headset with Apple as Vision Pro price points start to come down markedly in FY25,” Wedbush analyst and long-time Apple bull, Dan Ives, wrote in a research note Wednesday. He rates Apple stock at Outperform with a…
The Competition Commission of India (CCI) is reportedly nearing the conclusion of its antitrust investigation into App Store, and is expected to conclude that Apple must open it up to rival alternatives.Tim Cook in IndiaApple's App Store has been under CCI investigation in India since September 2021, when it was launched in response to a complaint from non-profit organization, "Together We Fight Society." Read more...
The Competition Commission of India (CCI) is reportedly nearing the conclusion of its antitrust investigation into App Store, and is expected to conclude that Apple must open it up to rival alternatives.Tim Cook in IndiaApple's App Store has been under CCI investigation in India since September 2021, when it was launched in response to a complaint from non-profit organization, "Together We Fight Society." Read more...
Apple has built a large structure at Apple Park for controlled heads-on demos of its forthcoming XR headset on Monday, June 5th, Bloomberg News‘ Mark Gurman reports via Twiter. Designer Marcus Kane’s conception of Apple’s mixed reality headset (via Behance) Mark Gurman via Twitter: It sounds like Apple will also have a hands-on area in the Steve Jobs Theater – open to developers — for after the keynote — in addition to headset building. The keynote will be played in the same spot as last year but there is a new shade to cover people and prevent sunburns. – Apple has built a large structure on the Apple Park campus to provide controlled hands-on demos of the device to some…
Bloomberg's Mark Gurman has confirmed that Apple is nearing the introduction of what appears to be a refreshed Mac Studio model, indicating that it could be announced at WWDC next week. On Twitter, Gurman explained that the new Mac in question is codenamed "J475." The current ‌Mac Studio‌ is codenamed "J375," suggesting that the new machine is indeed a next-generation ‌Mac Studio‌ model. Earlier this week, Gurman reported that Apple is testing two desktop Macs equipped with the M2 Max and ‌‌M2‌‌ Ultra chips. The ‌M2‌ Max was released in January upon the launch of the latest 14- and 16-inch MacBook Pro models, but the ‌M2‌ Ultra chip is new and would succeed the M1 Ultra chip that Apple uses…
Apple stock has jumped 38% so far year on solid earnings, after reporting stronger-than-expected fiscal Q2 iPhone sales in early May, and is now nearing a new all-time high. Angela Palumbo for Barron’s: The stock is up 1% in Thursday trading to $179.05, which would be its highest close since January 2022, and within striking distance of the all-time high of $182.01, also set that month. Apple’s annual Worldwide Developers Conference, or WWDC, begins on June 5. The tech giant typically announces its upcoming products at the gatherings, and investors will be keen to hear launches and business updates. Wedbush analyst Dan Ives told Barron’s that he thinks investors mostly want to hear about the company’s future in artificial intelligence,…
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