After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. Wall Street mentions are getting brighter, and the tech giant just added the title of top smartphone maker in China to its long list of firsts. The iPhone captured a firm-record 17.3% market share in China last year, … Read more
After reviewing Tesla’s earnings, CNBC’s Jim Cramer on Thursday criticized CEO Elon Musk and told investors why he thinks the electric vehicle giant has lost its spot among the “Magnificent Seven” tech stocks. “As someone who was among the first to vocalize the Magnificent Seven rubric, I officially acknowledge now that there are only six … Read more
Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates. Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December: Earnings per share: 54 … Read more
Sundar Pichai, chief executive officer of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet shares climbed to a record on Thursday, joining Microsoft and Meta, which have continued to rally since reaching fresh all-time highs earlier this month. Shares of Alphabet rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87, closing with … Read more
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple announced plans to open up … Read more
WASHINGTON, DC – OCTOBER 4: Federal Trade Commission Chair Lina Khan speaks during a discussion on antitrust reforms at the Brookings Institution October 4, 2023 in Washington, DC. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe Biden and confirmed by the Senate. (Photo by Drew Angerer/Getty … Read more
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Apple for the first time became the largest smartphone vendor in China by shipments, new data for 2023 released on Thursday showed. The iPhone … Read more
CNBC’s Jim Cramer on Wednesday said the market hasn’t been playing by usual Wall Street rules over the past few years, telling investors to find anomalies and use them to their advantage. “Nothing we’ve ever learned about the market has played out like it was supposed to for the last two years,” he said. “If … Read more
Workers assemble mobile phones at a Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as … Read more
Having your phone stolen can be frustrating enough without the thief also hacking into your apps and draining your bank accounts. While you may still lose your phone or have it stolen, a new iPhone feature aims to protect you from further troubles. Apple’s newly released Stolen Device Protection makes it more difficult for an … Read more
