Microsoft dumping ton of cash into ChatGPT Office infusion
Fresh after rumors of using OpenAI's writing technology in its productivity apps, Microsoft is now preparing to invest $10 billion into the AI tool company.
Fresh after rumors of using OpenAI's writing technology in its productivity apps, Microsoft is now preparing to invest $10 billion into the AI tool company.
Apple has revealed it will be announcing details of its earnings for the first fiscal quarter of 2023 on February 2, with its typical results accompanied by an investor conference call featuring CEO Tim Cook and CFO Luca Maestri.
Apple has started 2023 with a reduced market capitalization that's dropped below $2 trillion, a stark change from hitting $3 trillion exactly one year before.
Apple's China problems has prompted JP Morgan to moderate its December quarter expectations, trimming its price target due to long iPhone 14 Pro lead times.
Supplies of the iPhone 14 Pro models have improved and moderated lead times for getting into the hands of customers, JP Morgan's tracker indicates, but lead times will continue to be a focus throughout December.
The prospect of Apple acquiring Disney seems not just unlikely, but incredibly improbable, after the returning CEO told employees the rumors are "pure speculation."
Apple's Chinese iPhone factory misfortunes will certainly impact shipments, says JP Morgan, but the full impact won't be known until the facility returns to normal output.
Well in advance of the annual shareholders' meeting, Apple investors have filed challenges that the board must address, such as the company's stance on unions and human rights in China.
Apple's reduction in iPhone 14 production at Foxconn's Zhengzhou factory will hit revenue for the holiday quarter, says Morgan Stanley, but it also presents an opportunity for investors to "buy the dip."
Despite COVID-related supply chain issues and Apple warning of lower shipments of the iPhone 14 Pro, Wedbush insists that investors should maintain their holding in Apple.
Lead times for the iPhone 14 Pro models have stabilized after increasing due to the Zhengzhou factory's COVID issues, an availability tracker states, while demand for the iPhone 14 models are "modest" in comparison.
Apple reported a record September quarter with $90.15 billion in revenue, and analysts are optimistic that the company will remain strong in the December quarter.
Apple is selling as many iPhone 14 Pro models as it can make, and the company is benefitting from savings thanks to reduced supply costs, says CEO Tim Cook.
Apple earned $90.15 billion in revenue for the fourth fiscal quarter of 2022, according to results released on Thursday.
The bond market has seen a lot of sell-offs in 2022 due to rising interest rates, and Apple's cash reserves have been hit the hardest of all the big tech companies.
Delivery lead times of the iPhone 14 Pro models have dipped below their iPhone 13 equivalents at this stage of release, analysts claim, while demand for the iPhone 14 remains "modest."
Apple is on track to beat Wall Street's fourth fiscal quarter expectations and quarterly revenue records as JP Morgan forecasts a revenue of $90 billion for the company.
Apple's billions upon billions in revenue is large enough to make it more valuable than most countries. Here's how Apple compares to the entire world's financial stage.
Tesla CEO Elon Musk has reportedly renewed his $44 billion offer for Twitter, with news of the potential purchase sending shockwaves across Wall Street.
Foxconn set new records for sales in September, making Apple's main assembly partner "cautiously optimistic" ahead of its fourth-quarter results.
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