Eddy Cue said Apple chose originals over buying a large back catalog.
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Britain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? The Competition Appeal Tribunal granted earlier in June a collective proceedings order allowing Which?
(Bloomberg) -- It’s been a challenging year for Tesla Inc. shareholders, losing almost 10% while watching Elon Musk’s SpaceX complete the biggest initial public offering ever and immediately become the most valuable entity in the newly minted trillionaire’s collection. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as

<body><p>STORY: From SK Hynix taking a lead to Apple's reported price hikes, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>SK Hynix overtook rival Samsung Electronics to become South Korea's most valuable listed company.</p><p>Shares rose high enough to turn SK Hynix into the world's most valuable memory chipmaker.</p><p>And it dragged its market capitalization up to $1.35 trillion.</p><p>That was slightly ahead of Samsung Electronics, which had been top since 2000.</p><p>Apple plans to raise prices for its products due to a shortage of memory chips.</p><p>That was the word from CEO Tim Cook in an interview with the Wall Street Journal.</p><p>A surge in AI-driven demand has left consumer electronics companies battling to secure supplies of key components, with chip prices soaring as a result.</p><p>Cook said Apple has done its best to avoid passing rising costs onto consumers, but he told the Journal price hikes were now unavoidable.</p><p>A humanoid robot has been built to bring Emirati children closer to their culture. </p><p>Yousif Lootah, Executive Director of SS Lootah Group</p><p>"Our purpose of, you know, taking the Bu Sunaidah to greet the kids in the mosque and showing them, you know, how the traditional way of celebrating the Eid is pure educational. And we had success of that."</p><p>Lootah added a robot couldn't be Muslim or belong to any religion.</p><p>He instead described it as a tool to help elders, educate children and support hospitality.</p><p>Intel shares soared after U.S. President Donald Trump announced the firm's new partnership with Apple.</p><p>He said the tech titans will work together on chip design and production.</p><p>The contract with Apple would help lock in steady demand from the iPhone maker and could boost Intel's reputation and sales.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>And a source told Reuters Meta is pushing for legal protection in Washington.</p><p>The U.S. social media giant faces a wave of lawsuits over child-harm claims tied to its platforms.</p><p>The source said the firm is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p><p>Reuters also reviewed drafts of the proposal, which is linked to the Kids Online Safety Act, now under consideration in the Senate.</p><p>The bill would require companies to exercise care in launching app features like infinite scrolling, activity notifications and appearance-altering photo filters.</p></body>
Among Nvidia, Alphabet, Apple, Microsoft, Amazon, Tesla, and Meta Platforms, there are two exceptional bargains that have embraced artificial intelligence (AI).
We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Apple Inc. (NASDAQ:AAPL) is one of the stocks discussed by Jim Cramer. Consumer electronics giant Apple Inc. (NASDAQ:AAPL)’s shares are up by 47% over the past year and by 9.9% year-to-date. Several analysts have discussed the firm in June. […]
LONDON, June 23 (Reuters Breakingviews) - Follow on Apple or Spotify. The SpaceX boss became the first trillionaire by defying business wisdom, upending financial standards and embracing far-right politics.
Apple effectively confirmed that the memory shortage doesn't appear to be ending anytime soon.
Apple Inc. CEO Tim Cook says the difference between strong employees and truly brilliant ones comes down to purpose, arguing that excellence alone can take workers far, but not all the way. Cook Says Purpose Pushes Workers Past Excellence Cook told GQ in a video published in April 2023, "We can all perform at 90%," adding, "to get to 100%, you have to be inspired by something. You have to be working for some greater cause. There has to be some reason for doing it that’s beyond just being excelle

Wall Street Journal technology reporter Rolfe Winkler discusses his interview with Apple (AAPL) CEO Tim Cook, who said that rising memory costs have made iPhone price increases "unavoidable."

Wall Street Journal technology reporter Rolfe Winkler discusses his interview with Apple (AAPL) CEO Tim Cook, who said that rising memory costs have made iPhone price increases "unavoidable."
The best Warren Buffett dividend stocks are expected to produce impressive returns for the Berkshire Hathaway equity portfolio. Here are five with healthy yields.
<p>QQQ and QQQM track the identical Nasdaq-100 index. The only material differences are expense ratio, share price, and options liquidity. Here's which one belongs in your portfolio, and why most long-term investors should make the switch.</p>
Intel (NASDAQ:INTC) ripped higher last week after former President Donald Trump posted on Truth Social that Apple (NASDAQ:AAPL) had agreed to design and manufacture chips with Intel inside the United States. Intel closed up 10.64% at $133.99, with INTC stock now above $140. Bernstein’s Stacy Rasgon, on CNBC, framed the move bluntly. “Intel at these ... Intel’s Surge on an Apple Chip Deal Means Investors Are Betting on Its Foundry, Says Bernstein’s Stacy Rasgon
Apple's outgoing CEO says the iPhone maker has tried to absorb rising memory chip costs but can no longer protect customers from the financial pressure.
Tim Cook spent the back half of Apple’s recent earnings call telling analysts, in carefully chosen accountant language, that the things inside your next iPhone are about to get more expensive. “For the June quarter,” he said, “we expect significantly higher memory costs… beyond the June quarter, we believe memory costs will drive an increasing ... Your Next iPhone Is About to Cost More. Tim Cook Just Told You Why
Each of these stocks— Nvidia Tesla Apple Meta Platforms Alphabet Amazon.com and Microsoft —is down this month, but many indicators show that dip-buyers should come in soon. Nvidia has underperformed the rest of the chip universe since mid May, partly because other chip makers are selling general purpose artificial intelligence chips for companies’ data centers, threatening Nvidia’s market share. Apple is trying to prove it can maintain respectable sales growth (maybe its new AI strategy can help).
Apple Inc (NASDAQ:AAPL, XETRA:APC)’s WWDC 2026 announcements represent a "material positive reset" of the company's artificial intelligence strategy, according to Bank of America analysts. The firm wrote that Apple has repositioned Siri as a context-aware, multimodal assistant capable of...
Each of these stocks— Nvidia Tesla Apple Meta Platforms Alphabet Amazon.com and Microsoft —is down, but many indicators show that dip-buyers should come in soon. Nvidia has underperformed the rest of the chip universe since mid May, partly because other chip makers are selling general purpose artificial intelligence chips for companies’ data centers, threatening Nvidia’s market share. Apple is trying to prove it can maintain respectable sales growth (maybe its new AI strategy can help).
Bank of America Says Apple's AI Comeback Is Taking Shape
Tata Electronics said on Monday it had detected a recent "cybersecurity incident", after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group. Apple was investigating the breach and a "full analysis was going on", a source familiar with the matter said, adding that Tata had received a ransom demand related to the incident. Apple did not respond to requests for comment.
Alphabet stock's sharp slide was dragging down the Nasdaq. The tech-heavy index was down 1%. The S&P 500 was down 0.3%. The Dow, which does not include Alphabet, was up 183 points, or 0.4%. Shares of the Google parent tumbled more than 6%.

Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.

Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Micron Technology (NASDAQ:MU) stock is up about 6% in Monday morning trading to around $1,199, leading a broad memory and storage rally into the company’s Wednesday earnings report. Western Digital (NASDAQ:WDC) stock is also up by about 6% to around $788, while SanDisk (NASDAQ:SNDK) stock is up 5% to around $2,294. The group is resisting ... Micron and Western Digital Rise 6%, SanDisk Gains 5% as Memory Stocks Rally Into Micron’s Earnings
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.