Tag AAPL

Apple (NASDAQ: AAPL) has spent quite some time as the most valuable company in the world, although its run in the top spot has been periodically interrupted by Nvidia and Microsoft. Apple's market cap peaked at nearly $3.6 trillion, but it has since fallen back to around $3.4 trillion. It hasn't helped the bull case for Apple that famed investor Warren Buffett has slashed his stake in the company, although it's still the largest position in the Berkshire Hathaway portfolio...

Apple has made a rare disclosure of the revenue generated from its App Store in China, as the US tech giant grapples with a controversy surrounding the so-called Apple Tax - commission fees that the company charges developers for using its app store and in-app payment system. Apple China on Monday published an article on its official website that cited a report by a Shanghai University of Finance and Economics researcher, saying that the local App Store paid over 95 per cent of the 3.76 trillion...

US prosecutors are expected to submit a document Wednesday that could ask for Google's Alphabet parent company to sell off its Chrome browser, among other remedies. Whether that actually happens won't be decided until 2025...

Meanwhile, Millennium Management hedge fund manager Israel "Izzy" Englander continues to buy and sell stocks with gusto. Englander either added to or reduced Millennium's positions in many of its holdings in the third quarter of 2024. Buffett trimmed Berkshire's position in Apple (NASDAQ: AAPL) by 25% in Q3...

Apple sold fewer smartphones during China's Singles' Day shopping festival this year as it faced pressure from an "abnormally high" number of rival handsets launched around the event, Counterpoint Research said on Wednesday. The iPhone manufacturer saw its sales decline year-on-year by "double digit percentages" from Oct. 18 to Nov. 10, the research consultancy said. In comparison, its main rival in China, Huawei, recorded 7% sales growth, fueled by price cuts on its Pura 70 and Mate 60 models...