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Apple shares have notably underperformed their Magnificent 7 peers this year...
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Continue ReadingMicrosoft’s market cap is about $309 billion larger than Apple’s. Just 16 months ago, Apple was $719 billion ahead...
Continue ReadingA number of government agencies in the European Union and elsewhere have voiced concerns about security risks as Apple opens up its iPhones and iPads to rival app stores to comply with EU tech rules, Apple said on Friday. Under the Digital Markets Act (DMA), from March 7 Apple will be required to offer alternative app stores on iPhones and allow developers to opt out of using its in-app payment system, which charges fees of up to 30%. The U.S. tech giant, which on Jan. 24 detailed the changes to bring its App Store in line with the EU rules, said "sideloading" - installation of applications on a mobile device without using its dedicated app store - has sparked concerns from both EU and non-EU government agencies and users...
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Tesla unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world's largest auto market, where the U.S. electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. Customers picking up existing inventories of Model 3 sedans and Model Y SUVs by the end of March would be entitled to a maximum of 34,600 yuan ($4,807.76) worth of incentives, Tesla said in a post on its Weibo account. Among the incentives are a 8,000 yuan discount in car insurance products with partnerships with Tesla, and a 10,000 yuan discount if the buyer chooses a change of paint...
Continue ReadingGoldman Sachs analysts remove Apple from the U.S. Conviction List on Friday after the stock spent 274 days there...
Continue ReadingU.S. stock index futures were muted on Friday after a rally in the previous session, driven by enthusiasm about the potential for artificial intelligence and an inflation reading that strengthened bets of interest rate cuts by June this year. The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak...
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Continue ReadingEnvironmental activists are staging a protest in a forest near Berlin against plans to expand the grounds of electric carmaker Tesla's first plant in Europe and are vowing to stay in place for weeks. Between 80 and 100 activists have been camping in the forest since early Thursday, according to an initiative called “Stop Tesla.” Tesla opened the factory in Gruenheide, just outside Berlin, in March 2022 — launching a challenge to German automakers on their home turf...
Continue ReadingThe tech giant has published new details on how it is changing app distribution in the EU to comply with new competition laws...
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