Apple Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said. The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India, where despite having just a 3% market share the company has been expanding iPhone assembly via contract manufacturers, and also boosting its exports...
Continue ReadingApple Chief Executive Tim Cook will meet India's Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker's first retail store in the country this week, people familiar with the plans said...
Continue ReadingWedgewood Partners, an investment management company, released its first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, Wedgewood Composite’s Net return was 9.8% compared to the Standard & Poor’s Index’s 7.5%, Russell 1000 Growth Index’s 14.4%, and Russell 1000 Value Index’s 1.0% return for the same […]...
Continue ReadingChina's smartphone surge comes after Samsung and Apple both curtailed sales in Russia over the conflict in Ukraine, with Chinese manufacturers Xiaomi and Realme now occupying the market's top two spots. Moscow is becoming more dependent on Beijing, having sharply raised its use of the yuan, increased energy supplies to China and started selling more Chinese-branded cars as Western automakers leave Russia...
Continue ReadingNeither Apple (NASDAQ: AAPL) nor Amazon (NASDAQ: AMZN) need an introduction. Over the past five years, Apple's stock has risen roughly 300%, handily outpacing the Nasdaq Composite Index by a wide margin. After first buying shares about seven years ago, this has likely become Buffett's best investment in terms of dollars gained...
Continue Reading(Bloomberg) -- One of the most important numbers in Apple Inc.’s upcoming earnings report has nothing to do with iPhones or Mac computers. It’s the amount of money the technology giant plans to spend repurchasing its own shares.Most Read from BloombergBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingFuel That Powers the Global Economy Is Flashing Recession SignsMerc...
Continue ReadingApple on Monday said its Apple Card savings account is now available to users with a 4.15% annual percentage yield...
Continue ReadingIf you didn't watch Warren Buffett's interview on CNBC last week, it would be worth your while to look at some of the highlights online. One of the most interesting things he said, in my view, was on the topic of Apple (NASDAQ: AAPL). ...if you're an Apple user and somebody offers you $10,000 but the only proviso is you'll never be able -- to they'll take away your iPhone and you'll never be able to buy another, you're not gonna take it...
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