Apple shares are breaking down and could be under pressure for months, according to the charts – CNBC
Market heavyweight Apple (AAPL) is range bound within a major uptrend. On the weekly bar chart, AAPL is showing a MACD “sell” signal for the first time since January. This reflects a notable loss of medium term momentum and suggests AAPL has entered a period of consolidation that could last several weeks. The weekly stochastics […]
Apple shares slump as iPhone 16 seeing weak demand
Apple shares fell nearly 3% on Monday after multiple analysts said delivery times for new iPhone 16 Pro models indicated weaker-than-expected demand, likely due to a delay in the rollout of a key artificial intelligence feature. Apple last week unveiled the highly-anticipated iPhone 16 series, designed around its AI software, “Apple Intelligence.” Early pre-order data […]
Apple juice sold at Walmart, Walgreens, Aldi recalled over high arsenic levels
Tens of thousands of cases of apple juice sold at major retailers including Walmart, Walgreens and Aldi have additionally been recalled due to high arsenic levels. According to the latest data from the Food and Drug Administration (FDA), approximately 141,298 products have been recalled due to containing inorganic arsenic in excess of the limits set […]
Apple, Google owe whopping tax bills due to EU’s crackdown on Big Tech
Michael Lee, founder of Michael Lee Strategy, analyzes Nvidia's stock valuation and the market impact of the EU antitrust fine. Apple and Google each suffered defeats on Tuesday in their defense against European Union efforts to curb the dominance of big tech companies. The European Court of Justice, the European Union's highest court, sided with […]
Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple – CNBC
Shoppers on Wicklow Street in Dublin, Ireland, Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images A landmark ruling by the European Union's highest court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple, a windfall that Dublin has fought for years to avoid. That puts the small EU […]
Apple rival Huawei debuts tri-fold smartphone Mate XT
China's Huawei Technologies Co. unveiled a $2,800 tri-fold phone on Tuesday, aiming to widen its lead in the world's biggest smartphone market and steal attention from Apple Inc. just hours after it unveiled a new iPhone. The Chinese tech giant unveiled the new Mate XT, which can fold in three ways like an accordion screen […]
Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion – 9to5Mac
Goldman Sachs is still considering exiting its partnership with Apple as losses continue to mount, a new report details. from The Wall Street JournalGoldman Sachs will lose $400 million this quarter due to a slowdown in its consumer business. Speaking at a conference this week, Goldman Sachs CEO David Solomon said the $400 loss was […]
EU court orders Apple to pay $14.4 billion in back taxes to Ireland
The iPhone maker must pay $14.4 billion in back taxes to the Irish government after the European Union's top court rejected the company's appeal against a landmark 2016 ruling, which CEO Tim Cook denounced at the time as “total political nonsense.” The European Court of Justice in Luxembourg on Tuesday upheld a European Commission decision […]
Apple details Apple Watch Series 10 and its features
“The Claman Countdown” panelists Phil Libin and Daniel Flax react to Apple Intelligence's launch of Apple's new phone. Apple's next smartwatch is expected to have a larger display and several new features. The Apple Watch Series 10, unveiled during its “Glowtime” event, will feature “up to 30 percent more active screen area” than the Series […]
Apple adding AI features to iPhone, other products
Consumer technology expert Katie Linendoll talks about Apple's new iPhone 16 on Cavuto: Coast to Coast. Apple has announced that it will be introducing several artificial intelligence-powered features to its product lineup starting next month, using AI software called Apple Intelligence. Apple Intelligence uses generative AI to create text, images and other content based on […]