Apple (AAPL) Lays Off Contract-based Recruiters in Hiring Slowdown - Bloomberg

Apple (AAPL) Targets September 7 for iPhone 14 Launch Event - Bloomberg

August 17, 2022 1:36 PM EDT

Apple (NASDAQ: AAPL) has targeted September 7 for a launch event to unveil its iPhone 14 line Bloomberg said Wednesday.

Sources reportedly told Bloomberg that the tech giant will launch the latest version of the iPhone, kicking off a busy fall product season for the company,... More

Apple supplier BOE, others say production hit by Sichuan power rationing

August 16, 2022 6:47 AM EDT

SHANGHAI (Reuters) -Apple supplier BOE Technology Group Co Ltd will "make adjustments" at its operations in Sichuan due to power rationing in the region, it said in a stock market filing on Tuesday.

The company said that it was communicating with authorities and expected "no major impact on its overall operating performance".

It added that it has four production lines making displays for hardware devices in the... More

Apple (AAPL) May Add Ads to Maps and Other Apps - Bloomberg

August 15, 2022 1:16 PM EDT

Apple (NASDAQ: AAPL), in search of a new revenue driver, will expand ads to new areas of the iPhone and iPad, according to Bloomberg on Monday.

Bloomberg reporter Mark Gurman said Apple could eventually place ads on more of the apps that are pre-installed on iPhones and other... More

Big Short's Burry Liquidates ~$200M in Long Stock Bets, Now Has Just One Stock

August 15, 2022 11:31 AM EDT

The recent bearish views expressed by Michael Burry, the investor made famous by the movie "The Big Short", is apparently not just lip service, according to the latest SEC filing from his Scion Asset Management. The filing, made Monday on form 13F, showed that the hedge fund completely liquidated all of the 12 positions it owned as of the end of the first quarter.

Positions the firm owned at the end of... More

Apple Could Outperform Into iPhone Event but Overall Risk/Reward Unfavorable - Bernstein's Sacconaghi

August 15, 2022 6:11 AM EDT

Bernstein analyst Tony Sacconaghi remains cautious on Apple (NASDAQ: AAPL) stock given the elevated valuation.

The analyst reiterated a Market Perform rating on AAPL shares and a $170 per share price target.

We see some opportunity for Apple to continue to outperform through its iPhone launch in... More