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Apple slides as supply snags cloud outlook, putting iPhone demand in focus
Reuters57d agoneutral
Apple slides as supply snags cloud outlook, putting iPhone demand in focus

Apple shares dropped 7.3% before the bell on Friday as the tech giant warned that supply ‌constraints would hurt growth, prompting investors to look beyond near-term shortages to ‌gauge the hit from an expected iPhone price hike. The decline puts Apple on track to shed ​roughly $361.6 billion in market value, if the losses hold. The company's outlook highlighted a broader industry challenge, with AI-driven demand tightening supplies of advanced chips and memory, driving up costs and prolonging supply-chain bottlenecks across the technology sector.

Forkast News57d agoneutral
DeepSeek’s 1GW Ulanqab Pivot Signals China’s Sovereign Compute Escalation

Sovereign compute has moved beyond theoretical policy, manifesting as a tangible race to secure massive, state-integrated infrastructure. DeepSeek’s 1-gigawatt (GW) data center project in Ulanqab, Inner Mongolia, exemplifies this shift, signaling that the next phase of the US-China technology competition will be defined less by individual model performance and more by the sheer scale of […]

Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks
Benzinga57d agoneutral
Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks

Apple Inc.’s (NASDAQ:AAPL) record-breaking fiscal third quarter is being overshadowed by looming fourth-quarter supply shortages. The surprising culprit? The tech giant underestimated consumer demand for its own products, contributing to a weaker-than-expected September-quarter outlook and a sharp drop in after-hours trading. ‘A Demand Forecast Issue’ Despite posting its strongest June quarter ever, Apple expects its September-quarter revenue growth to decelerate to 9% to 11%. The company projec

Apple warns of memory chip shortage for key devices
Sky News57d agoneutral
Apple warns of memory chip shortage for key devices

Apple has warned it is seeking alternative memory chip suppliers as "very significant" constraints threaten future sales of its key devices. Shares in the world's most valuable listed company fell by more than 5% in US after-hours trading last night when the maker of the iPhone, MacBook and iPad's forecasts for revenue growth came in weaker than expected. Chief executive Tim Cook admitted that well publicised bottlenecks in advanced chips meant it was struggling to get the parts needed to deliver products.

iPhone Prices to Go up as Memory Chip Costs Keep Climbing? Tim Cook Says Apple Is 'Evaluating All Options'
Benzinga57d agoneutral
iPhone Prices to Go up as Memory Chip Costs Keep Climbing? Tim Cook Says Apple Is 'Evaluating All Options'

Apple Inc. (NASDAQ:AAPL) is facing rising memory chip costs that could pressure its business beyond the September quarter, with outgoing CEO Tim Cook saying the company is exploring ways to manage the impact without revealing whether higher costs could eventually affect product pricing. Apple Warns Memory Costs Are Rising Again During Apple’s fiscal third-quarter earnings call, Evercore analyst Amit Daryanani asked Cook whether the company’s efforts to secure more memory supply were aimed at pro

Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'
Benzinga57d agobullish
Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'

Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize. Cramer Calls Amazon ‘Astonishing’ After AWS Delivers CNBC host Jim Cramer called the results “astonishing,” in a post on X, though he said Microsoft Corp. (NASDAQ:MSFT) remains the standout am

The AI secret behind Qualcomm's price hike
TheStreet57d agoneutral
The AI secret behind Qualcomm's price hike

Anyone who has shopped for a new phone, laptop, or VR headset this summer probably noticed something odd. The usual discount that comes with an aging model never showed up. Prices held steady, and in some cases climbed. Apple just did it, and the trend is spreading everywhere. That is backward. A ...

Apple Q3 Earnings Call Highlights
MarketBeat57d agoneutral
Apple Q3 Earnings Call Highlights

Apple (NASDAQ:AAPL) reported fiscal third-quarter revenue of $109.4 billion, up 16% from a year earlier and a June-quarter record, as double-digit gains in iPhone, Mac and services offset supply constraints and foreign-exchange headwinds. Net income totaled $29.8 billion, while diluted earnings per

Apple tops estimates in CEO Cook's final quarter, but shares fall
AFP57d agoneutral
Apple tops estimates in CEO Cook's final quarter, but shares fall

Apple beat market expectations in its latest results on Thursday, capping Tim Cook's final earnings report as CEO with a strong showing, although the outlook for the current quarter disappointed investors.Apple touched a $5 trillion market value this week, while some rivals have seen their shares punished as investors question the profitability of their huge AI bets. 

Apple Slides After Supply Shortages Hurts Sales Forecast
Bloomberg57d agoneutralVIDEO
Apple Slides After Supply Shortages Hurts Sales Forecast

Apple stocks tumbled in late trading after component shortages weighed on the company's sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. It also gave a forecast that is weaker than expected, further hurting the stock in the after market. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman reacts to the mixed earnings report. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio