AAPL Forex News
Apple Working On Its Own AI Chip For Data Centers: WSJ
iPhone maker Apple is said to be working on designing and producing its own Artificial Intelligence-powered chips to run AI software on servers at its data centers, according to a Wall Street Journal report on Tuesday. The company, known for its iPhones, iPads, and Macs, is reportedly working with Taiwan Semiconductor Manufacturing Co. or TSMC, on this project code named as "ACDC"
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28 days ago
Warren Buffett's Berkshire Hathaway Cuts Stake In Apple
Warren Buffett's Berkshire Hathaway has trimmed a portion of its significant stake in tech giant Apple Inc., reportedly citing tax reasons. As per its first-quarter earnings report released over the weekend, Hathaway's Apple stock was worth $135.4 billion as of March 31, 2024. This is lower than the $174.3 billion worth Apple stock as of December 31, 2023.
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30 days ago
EU Designates Apple's IPadOS As Gatekeeper
The European Commission announced that it has designated Apple Inc.'s operating system for iPads, iPadOS, as a gatekeeper under the Digital Markets Act or DMA as it constitutes an important gateway for business users to reach end users. Apple now has six months to ensure that its iPadOS fully complies with EU's DMA obligations. In pre-market activity on the Nasdaq, Apple shares were gaining...
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37 days ago
Apple Pulls Out Meta's WhatsApp, Threads From App Store In China
Apple said Friday it was forced to pull out Meta Platforms' WhatsApp and Threads from its App Store in China after an order from the Chinese Internet regulator, citing national security concerns. Apple reportedly said the order was issued by the Cyberspace Administration of China (CAC).
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47 days ago
Apple Considering Production In Indonesia
Tech giant Apple Inc. is considering the possibility of manufacturing its devices Indonesia, reports said citing Chief Executive Tim Cook. During a meeting with Indonesian President Joko Widodo in Jakarta on Wednesday, Cook said the iPhone maker will look into the feasibility of local manufacturing. Both of them discussed possible investment in the country, among other matters.
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49 days ago
Apple To Host Worldwide Developers Conference On June 10-14
Apple Inc. will conduct its annual Worldwide Developers Conference or WWDC online from June 10 through 14. Entire conference will be available online for all developers, while there will be a special in-person event for all developers and students at Apple Park on opening day. Apple's WWDC24, which will spotlight the latest iOS, iPadOS, macOS, watchOS, tvOS, and visionOS advancements, will be free
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70 days ago
EU Opens Non-compliance Probe Against Alphabet, Apple And Meta Under Digital Markets Act
The European Commission said Monday it has opened non-compliance investigations against Google parent Alphabet, Inc. (GOOG), Apple Corp. (AAPL) and Facebook parent Meta Platforms, Inc. (META) under the Digital Markets Act. The Commission intends to conclude the proceedings opened today within 12 months.
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72 days ago
DoJ, States Sue Apple Over Smartphone Market Monopoly
The U.S. Department of Justice, along with various state and district attorneys general, sued Apple Inc. for allegedly maintaining monopolization or attempted monopolization of smartphone markets. The complaint alleges that in violation of Section 2 of the Sherman Act, the iPhone maker illegally maintains a monopoly over smartphones by selectively imposing contractual restrictions on,...
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75 days ago
Apple In Talks With Google To Use Gemini AI Tools In IPhone OS: Report
Apple, Inc. is reportedly in active talks with Alphabet's Google to use its Gemini Artificial Intelligence tools to power iPhones in a bid to out-shine its smartphone competitors, according to a Bloomberg report on Monday. It is competing with Google's own Pixel 8 Pro and Samsung's Galaxy S24 smartphones, which already use Gemini.
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79 days ago
Apple To Open New Shanghai Store
Apple Inc. is preparing to open a new store in Jingan, Shanghai later this month, at a time when the tech major is facing a slowing down of iPhone sales in one of its mainstream markets in China. As per a notice on its website, Apple Jingan will be opened on March 21 as the eighth store in Shanghai. Apple already has 46 locations across China, with Shanghai having the highest number of Apple store
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86 days ago
