Apple (AAPL) reported its second quarter earnings on Thursday, topping analysts’ estimates on the top and bottom lines on strong iPhone sales. Apple stock rose roughly 1% on the news. For the quarter, Apple saw earnings per share (EPS) of $2.01 on revenue of $111.2 billion. Analysts were anticipating EPS of $1.96 and revenue of…
John Ternus, Apple’s senior vice president of hardware engineering, takes over as CEO on Sept. 1, ending Tim Cook’s 15-year tenure at the top of the world’s most valuable consumer technology company. Apple’s presence with China is perhaps the defining relationship of the Tim Cook era. Chinese factories, managed by Global 500 companies like Foxconn…
Apple’s new CEO must navigate twin challenges in China — of competing in an increasingly fractured market, while maintaining efforts to reduce reliance on the country as a supplier. Outgoing boss Tim Cook won plaudits from analysts and investors for adroitly managing Apple’s relations with Beijing, even as tensions intensified between the US and China:…
If you’re trying to buy a Mac Mini in the US right now, you’re likely out of luck. The compact desktop has vanished from store shelves, driven by a sudden surge in AI demand that has also caused second-hand MacBook prices to skyrocket in China. Over the last few months months, Mac Mini has become…
Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…
Tech giant Google has officially introduced a mobile version of its Gemini AI chatbot to Hong Kong users, with the service swiftly topping Apple’s app store chart. The roll-out on Thursday followed Google’s announcement last week that it would gradually introduce its generative AI services to Hong Kong, starting with Gemini web services before launching…
Apple CEO Tim Cook visited China this week. His visit comes days after the company reduced App Store fees for developers in the country following regulatory pressure. With this move, the Cupertino-based tech giant has cut its commission from 30% to 25% for the first time in its second-largest market outside the US. This marks…
By Che Pan and Laurie Chen BEIJING, March 19 (Reuters) – Apple posted a 23% surge in China smartphone sales in the first nine weeks of 2026, bucking a broader market decline as some Android phone makers raised prices in response to higher costs for memory chips. China’s overall smartphone market fell 4% year-on-year in…
While Apple has remained one of the most sought-after tech brands, the truth is not everyone can afford their (often) premium products. To its credit, Apple has launched less pricey products in the past, including the recent iPhone 17e and the Apple Watch SE. Now, the tech giant has done it again for its coveted…
Billionaire Peter Thiel was a co-founder of Palantir Technologies, and he still owns a substantial stake in the company (about 100 million shares). However, he also runs a hedge fund, called Thiel Macro, that recently sold every stock in its portfolio. Specifically, SEC Forms 13F show Thiel Macro had $74 million split between Tesla (NASDAQ:…