Apple

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Apple to face shareholder lawsuit over CEO Cook’s China sales comments

Apple to face shareholder lawsuit over CEO Cook’s China sales comments

Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses. In a decision on Wednesday, U.S. District Judge Yvonne Gonzalez Rogers said shareholders led by a UK pension fund can […]

Apple iPhone sales tumble, trimming profit

Apple iPhone sales tumble, trimming profit

Apple shares were sent reeling Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan’s money-making engine. Apple profit fell 7 per cent to $12.7 billion in the recently ended quarter, the Silicon Valley-based colossus said in its earnings release. The California tech giant’s total […]

Apple enters 5G race with new iPhone 12s from ‘Mini’ to ‘Pro Max’

Apple enters 5G race with new iPhone 12s from ‘Mini’ to ‘Pro Max’

Apple Inc on Tuesday launched four versions of the iPhone 12 with faster 5G connectivity, starting at $699, which the Cupertino, California company hopes will spur a wave of upgrades and keep its sales booming through the end of the year. The iPhone 12, with a 6.1-inch display, will sell for $799. The phone has […]

5G iPhone expected to star at Apple event

5G iPhone expected to star at Apple event

Apple is expected on Tuesday to unveil a keenly anticipated iPhone 12 line-up starring models tuned to super-fast new 5G telecom networks in an update considered vital to the company’s fortunes. A streamed event was cryptically teased with the message “Hi, Speed” in an apparent reference to the faster wireless networks being introduced in many […]

Apple becomes 1st US company to hit $2trn in market value

Apple becomes 1st US company to hit $2trn in market value

Apple on Wednesday became the first US company to reach $2 trillion in market value in the latest demonstration of how tech giants have benefited from the upheaval of the coronavirus. The iPhone maker attained the distinction in mid-morning trading and was up 1.1 percent at $467.18 near 1545 GMT. The company had previously become […]