TONI SACCONAGHI
Apple set for biggest revenue jump in two years on iPhone demand in China
The results will provide investors the first hints of demand for the latest iPhone 16 series, which was released a few days before the end of the company's fiscal fourth quarter.
Apple shares rise after Bernstein analyst takes bullish stance
Apple registered its biggest one-day percentage gain in more than two weeks after the upgrade, which marked the stock's first "buy" equivalent rating from Bernstein's Toni Sacconaghi since early 2018.
Tesla's plan for affordable cars takes page from Detroit rivals
Tesla's new strategy focuses on offering more affordable models using existing platforms, steering away from the Model 2. The shift mirrors traditional automakers, sparking investor optimism despite concerns about execution risk.
Tesla’s $350 billion stock slump shreds investor expectations
Reasons for the shares’ dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up.
Vision Pro headset is Apple's next Mac and TV combined
Apple's Vision Pro could upend how people watch television at home and how they use computers at work, potentially positioning the headset to be a successor to both traditional television and the Mac.
Tesla erases $80 bln in valuation after Musk's sales warning
Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.
- Go To Page 1
Tesla set to erase $50 billion in valuation after Musk's sales warning
Tesla tumbled nearly 9% on Thursday. Musk said growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.
Tesla tanks around 9%; CEO Musk's demand warning sparks selloff in EV stocks
Rivals including Rivian Automotive, Lucid Group and Fisker fell between 3.3% and 4.5%, while legacy automakers such as Ford were down around 0.6%. The comments marked a change in tone from Tesla CEO Musk, who had said last year that his company was "recession-resilient". The EV maker missed revenue estimates on Wednesday by the most in more than three years despite hefty price cuts.
Microsoft eyes Apple’s spot as world’s largest stock
“Microsoft has more of what the market wants right now, and given where we stand on the pair’s growth prospects, we wouldn’t be surprised to see it overtake Apple,” said David Klink, senior equity analyst at Huntington Private Bank.
Tesla's blistering rally continues after quarterly deliveries beat
Tesla's stock rose 6% after it delivered better-than-expected quarterly results, showing that CEO Elon Musk's strategy of increasing volumes through discounts was effective. The company's market capitalization is set to increase by $50 billion to $900 billion. Tesla delivered 466,140 vehicles in Q2, up 10% from the previous quarter. Several analysts raised their price targets on the stock, stating that Tesla's annual deliveries target of 1.8 million vehicles seems conservative. However, there are concerns that the aggressive discounting strategy may impact margins. Despite this, analysts believe Tesla could continue to gain market share globally.
Tesla's plunge drags valuation below $500 billion
The stock price fell as much as 3.5% to $156.54 in New York and is on pace to close at the lowest level since January. 25. If the decline holds until the end of regular session, the company will have lost more than $70 billion from its market capitalisation over five trading sessions since posting disappointing earnings. The shares are down more than 25% in April alone.
Apple's holiday quarter may face pressure from inflation, weak China demand
Analysts expect iPhone sales to rise 11% in the fiscal fourth quarter ended September, according to Refinitiv, thanks to consumers upgrading to the company's premium-priced Pro phones. However, growth is estimated to slow to just 2% in the crucial holiday quarter.
Wall Street expects near-record iPhone sales despite delay, shut Apple stores
Wall Street is still expecting a near-record sales quarter for the Cupertino, California company's signature device when it reports fiscal first-quarter earnings on Wednesday, with estimates of $59.8 billion, according to IBES data from Refinitiv as of Jan. 26.
Will Apple monetise DuckDuckGo, after acquisition, by charging a subscription fee for the privacy hounds?
The deal can be cut for around $1 billion, which is less than what Apple makes in a week.
‘Don’t blame FAANGs for tech looking expensive’
The earnings multiples of the 10 largest tech companies in the sector have contracted by 2 per cent points this year.
Scorned by Musk, analyst calls antics ‘incrementally worrisome’
The CEO rejected analysts’ questions following another quarter in which the company burned more than $1 billion in cash and pushed back production of its Model Y crossover.
Elon Musk's most dumbfounding moments on Tesla's earnings call
Musk, 46, said he won’t need to go back to equity or debt markets this year to seek additional funds for Tesla, but crossing Wall Street may be a bad idea.
It is build fast & fix later at Tesla: Workers
The luxury cars regularly require fixes before they can leave the factory, according to the workers.
Apple withdraws iPhone 4, its only phone below Rs 20,000, within 4 months of relaunch
Apple decided to withdraw its only phone below Rs 20K, appearing to ease up on its strategy to push volumes in EMs such as India to protect margins.
Most claims in Samsung case not tied to Android: Google
Google, responding to a jury verdict that found its partner Samsung infringed Apple patents, said most of the claims "don't relate to the core Android" software used in mobile devices.
Google, Microsoft to test Apple's tablet dominance
Google and Microsoft's attempts to loosen Apple's grip on the booming tablet-computer market will be put to the test this week as PC makers unveil new models.
As competitors pop up, iPad keeps price advantage
Apple is telling investors to expect overall margins to keep declining, meaning competitors can't expect much of a reprieve.
Apple feelers to Blackstone CFO hints at deals
'If you're trying to hire someone whose DNA is deals, you're signalling to the public markets that you're considering changing your portfolio.'
Apple feelers to Blackstone CFO hints at deals
APPLE Inc's approach to Blackstone Group LP Chief Financial Officer Laurence Tosi about becoming finance chief may be a sign Steve Jobs is ready to pick up the dealmaking pace.
Apple raises the bar again with GeNext iPhone 4
Apple’s Steve Jobs introduced a new iPhone on Monday, delivering a refashioned chassis and 100 new features as mobile competitors including Google work to usurp the device’s popularity.
iPod...iPhone...now, iPad
Apple, trying to expand beyond the Macintosh, iPod and iPhone, introduced a tablet computer with a touch screen, Web browser and e-mail functions.
Tiger Woods' iPhone game staves off defection to Palm
When the Palm Pre debuted last month, Blake Krikorian ditched Apple Inc.’s iPhone in favor of the new device. Three days later, he switched back. A big reason: The Pre doesn’t have the “Tiger Woods PGA Tour” game.
Oracle-Sun deal may see job cuts
Oracle needs to cut thousands of jobs to achieve profit projected from its Sun takeover.
Oracle-Sun deal may see job cuts
Oracle Corp needs to cut thousands of jobs to achieve the profit projected from its Sun Microsystems Inc takeover, analysts say.
Load More
