Apple (AAPL) Cut iPhone Production 20% in September and October, Assembly Line Stopped for ‘Several Days’ for the First Time in Over 10 Years - Nikkei
- Futures range-bound ahead of long weekend break
- Home Depot agrees to buy SRS Distribution, sees TAM expanding to $1 trillion
- Yen on intervention watch; Asia shares creep higher
- Dollar gains as inflation data looms; yen on intervention watch
- Piper Sandler: Stock rally likely to continue on rising recession risks
- Discover Financial Services (DFS) Announces CEO Resignation
- Timken (TKR) Appoints Tarak Mehta as New CEO
- Crude Inventory Increases 3.2 Million Barrels
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- Many senior Amazon employees won't get cash raises this year - Fortune
Apple (AAPL) to Start Shipping Second-Generation AR/MR Headset in 2024, Release New iPhone SE in 2023 - TFI's Kuo
December 8, 2021 7:19 AM ESTTFI Asset Management analyst Ming-Chi Kuo believes Apple (NASDAQ: AAPL) is likely to launch the second-gen AR/MR headset in the second half of 2024.
The analyst adds that Luxshare-ICT is the NPI supplier for a headset that likely means that Apple is preparing for a... More
Apple's Tim Cook signed $275 billion deal to placate China - The Information
December 7, 2021 9:27 AM EST(Reuters) - Apple Inc Chief Executive Tim Cook signed an agreement with Chinese officials, estimated to be worth about $275 billion, to placate threats that would have hobbled its devices and services in the country, The Information reported on Tuesday.
Apple did not immediately respond to a Reuters request for comment.
The... More
Apple (AAPL) Gets a New Street High Price Target, Morgan Stanley Says iPhone Supply and App Store Could Fuel December Quarter Beat
December 7, 2021 6:25 AM ESTMorgan Stanley analyst Katy Huberty raised the price target on the Overweight-rated Apple (NASDAQ: AAPL) stock to $200.00 per share (from $164.00), a new Street high for the Cupertino tech giant.
In the near term, Huberty sees an improving iPhone production environment. Hence, the analyst sees supply upside as a driver of better December quarter iPhone results. Moreover, Huberty believes that the App Store net revenue grew 14% Y/Y in the month of November.
Morgan Stanley increased the iPhone shipment forecast... More