Tag AAPL

A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars by miscalculating the value of performance-based stock awards. U.S. District Judge Jennifer Rochon in Manhattan said the iPhone maker described its pay methods in detailed compensation tables in its 2023 proxy statement, "precisely" as securities laws and U.S. Securities and Exchange Commission rules require. Rochon also found no proof that Apple's board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, did not give the board enough time to consider its objections before suing...

Cirrus Logic's stock jumps, but the real story is behind the numbers. The chip designer is unfolding a more diverse strategy...

PayPal Holdings earnings and revenue beat analyst estimates, but the company gave full-year 2024 guidance that came in well below what Wall Street was expecting. After Wednesday’s close, PayPal Holdings said it earned $1.29 per share in the fourth quarter, based on generally accepted accounting principles, compared with $0.81 in the fourth quarter of 2022 and the $1.18 expected by analysts tracked by FactSet. The earnings included a 25-cent benefit from selling its Happy Returns business to UPS...

PayPal earnings and revenue beat analyst estimates, but the company gave full-year 2024 guidance that came in well below what Wall Street was expecting. After Wednesday’s close, PayPal Holdings said it earned $1.29 per share in the fourth quarter, based on generally accepted accounting principles, compared with $0.81 in the fourth quarter of 2022 and the $1.18 expected by analysts tracked by FactSet. The earnings included a 25-cent benefit from selling its Happy Returns business to UPS...

According to a new report from The Information, Apple (AAPL) has two new active prototypes of foldable phones in the works. Whether or not those prototypes will ever make it to market, however, is up for debate. Yahoo Finance Tech Editor Dan Howley breaks down the latest development for Apple and what it could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...

Apple is increasingly challenged in one geographic segment specifically...

The foldable iPhones are in early development and are not on the company's mass production plans for 2024 or 2025, according to the report. Apple recently approached at least one manufacturer in Asia for components related to two foldable iPhones of different sizes, the report said. Apple did not immediately respond to a Reuters request for comment...

Apple is building prototypes of at least two iPhones that fold widthwise like a clamshell, The Information reported on Wednesday, citing a person with direct knowledge of the situation. The foldable iPhones are in early development and are not on the company's mass production plans for 2024 or 2025, according to the report. Apple recently approached at least one manufacturer in Asia for components related to two foldable iPhones of different sizes, the report said...

PDD, Celsius, and On might be better growth plays this year...