Evercore ISI Removes Apple (AAPL) from Tactical Outperform List, 'we think iPhone units are largely flat'

Apple (AAPL) extends losses, down over 1% after €1.8 billion EU fine

March 4, 2024 8:58 AM EST

Apple (NASDAQ: AAPL) share price decline has continued Monday, with the stock down 1.5% ahead of the open.

Apple shares are down 4% in 2024, with an over 5% decline in the last three months. Premarket, the stock is trading around the $176.90 mark.

Today's decline follows news that the European Commission has fined the iPhone maker over 1.8 billion for "abusing its... More

Apple hit with $2 billion EU antitrust fine in Spotify case, will appeal

March 4, 2024 7:07 AM EST

By Foo Yun Chee

BRUSSELS (Reuters) -Brussels on Monday fined Apple 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker's first ever penalty for breaching EU rules. 

A basic penalty of 40 million euros was inflated by a huge lump sum included as a deterrent - a first for the European Union's antitrust authorities.    

The European Commission charged Apple last year with preventing Swedish streaming service Spotify and others from informing users of payment options outside its App Store, following a 2019 complaint by Spotify.

It said on Monday... More

Apple (AAPL) Hit With €1.8b EU Fine Over Abusive App Store Rules - Bloomberg

March 4, 2024 7:02 AM EST

Apple Hit With 1.8b EU Fine Over Abusive App Store Rules - Bloomberg

... More

Apple (AAPL) option IV steady

March 1, 2024 11:16 AM EST

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 20; compared to its 52-week range of 16 to 31.

... More

Midday movers: Dell, NetApp rise; Boeing falls

March 1, 2024 8:08 AM EST

(Updated - March 1, 2024 11:09 AM EST)

Investing.com -- Main U.S. indexes edged higher Friday, starting the new month off on a positive note after strong gains in February.

Here are some of the biggest U.S. stock movers today:

Dell (NYSE: DELL) stock jumped 26% after the tech giant reported fourth-quarter results that topped Wall Street as solid demand for its artificial intelligence-optimized servers offset weakness in... More

Goldman removes Apple stock from 'US Conviction List - Directors' Cut'

March 1, 2024 5:41 AM EST

Goldman Sachs' Conviction List - Directors' Cut, the banks selection of top buy-rated stocks, no longer includes Apple (NASDAQ: AAPL), the investment giant said in a Friday note. Apple stock fell 0.8% on the news.

Despite the move, Goldman analyst Mike Ng maintains that... More

Goldman Makes New Monthly Adjustments to Directors Cut Names, 'inclusion on this list is not a stock rating'

March 1, 2024 5:09 AM EST

(Updated - March 1, 2024 5:13 AM EST)

Goldman Makes New Monthly Adjustments to Directors Cut Names

The analyst comments "We add Amgen (AMGN), Monday.com (MNDY), and Vulcan Materials (VMC) to the Conviction List, while removing Apple (AAPL), Merck (MRK), and Vertex Pharmaceuticals (VRTX). We have a brief summary of these adds below, and include a more detailed write-up within, along with market commentary, a review of list performance and non-earnings catalysts."

Street Insider Note: These are not upgrades nor downgrades. These are an analyst director grabbing calls he likes. Goldman adjusts this on... More

Apple (AAPL) resellers in China cutting the price of iPhone 15 models - Bloomberg

February 29, 2024 11:52 AM EST

According to a report by Bloomberg on Thursday, Apple (NASDAQ: AAPL) resellers in China are cutting the price of iPhone 15 models by up to $180, hinting at a prolonged slump in demand.

The discounts are said to have appeared after the Lunar New... More

Chinese retailers further discount iPhone 15

February 29, 2024 7:30 AM EST

By Yelin Mo and Brenda Goh

BEIJING (Reuters) - Major Chinese third-party retailers JD.com, TMall, and Pinduoduo are battling for customers by offering more steep discounts on Apple's iPhone 15 just five months after launch, as the U.S. tech company suffers slowing sales in China.

The latest round of discounting comes after online retailers in October offered similar substantial discounts. Third-party retailers are also offering discounts of as much as 10% on Apple's iPhone 14 Pro.

Apple occasionally allows partner vendors in... More

Apple Car: Morgan Stanley offers 5 thoughts amid reports EV project is scrapped

February 29, 2024 6:30 AM EST

Apple (NASDAQ: AAPL) has halted work on its long-awaited electric vehicle (EV) project, Project Titan, roughly a decade after its inception, reports revealed earlier this week.

Following this shift, many team members from the so-called Special Projects Group (SPG) are being reassigned to work on generative AI projects within Apple's artificial intelligence division, led by executive John Giannandrea.

On Wednesday, Morgan Stanley analysts led by Adam Jonas shared five insights on the potential implications of halting the Apple Car project for the tech giant.

1) Car strategy... More