ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into becoming one of the most-hyped companies in recent memory. And its latest partnership with Apple for its upcoming generative AI offering, Apple Intelligence, has...

The Dow Jones rallied after a soft jobs report on Friday. Apple fell while Amazon soared after earnings. Warren Buffett's Berkshire on deck...

Apple's Q4 delivers massive cash flow and shareholder payouts, but market reactions remain mixed...

Pixelmator announced on Friday that it is being acquired by Apple. The image-editing platform didn’t discuss what life might look like under the corporate umbrella but did note there would be “no material changes” to its Pixelmator Pro, Pixelmator for iOS, and Photomator apps — at least for now. If Apple’s acquisition history is any indication, that level of autonomy could change soon as Pixelmator’s features are integrated directly into the Photos app. Pixelmator is currently available for iOS,...

Apple (AAPL) may have beat fiscal fourth quarter revenue estimates with $94.9 billion (estimates were for $94.3 billion), but adjusted earnings fell far below Wall Street's expectations due to a one-time charge from a European General Court decision. While Apple's Greater China sales also fell below estimates, the tech giant blew past iPhone sales estimates, posting $46.22 billion against estimates of $45.04 billion. To speak more about Apple's latest earnings print and its position in the Magnificent Seven, Maxim Group managing director and senior consumer internet analyst Tom Forte joins Seana Smith on Catalysts. "It looks to be a very slow developing supercycle for AI inspired upgrades for the iPhone. And the reason I say that is they had 5.5% growth in iPhone revenue in the September quarter, and they're guiding to total company revenue growth of low single-digit," Forte says. "So I think the two noisy points in the data are that China macroeconomic weakness — China's about 15% of revenue — I think that's making it hard to determine if we're seeing a supercycle and the other is that there was a mismatch in the timing" of the iPhone 16 launch and the later Apple Intelligence software update. Forte denotes the delay in the release of Apple's AI features for the new iPhone model could be a "real risk" to Apple's consumer upgrade cycle. Forte also weighs in on Apple's guidance and why he's still seeing Amazon (AMZN) as a top Big Tech pick. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan...

Apple’s shares slipped 1.5% by early Friday afternoon following the company’s quarterly earnings. The company added that it expects service revenue to grow about 13%, which left many analysts projecting little-to-no growth for its product side. “The iPhone 16 cycle appears weak, confirming investor concerns and initial data points,” said Toni Sacconaghi of Bernstein on Friday...