APPLE SHARES
Bountiful Apple pickings likely with the iPhone 16; latest range flaunts AI, lower prices for some models
Apple's iPhone 16 series may boost its India market share to a record 8% by volume this year, with revenue expected to rise by 18%. The reduced pricing of Pro models and increased local assembly are key factors. Older iPhone models have also seen price cuts, contributing to anticipated strong sales during festive months.
Same same but different: Social media users share '19-20 ka farak' memes after Apple iPhone 16 launch
Apple launched the iPhone 16 series at its Glowtime Event 2024 in California. Social media users noted the similarities between the new models and previous versions, focusing on minor design changes like camera repositioning. Despite this, the iPhone 16 series features new screen sizes, an A18 chip, improved cameras, and better battery life.
Aditi Rao Hydari's fans can’t stop asking for her old iPhone
On Monday, the tech giant introduced the eagerly anticipated iPhone 16 series, Apple Watch Series 10, and AirPods during its 'It's Glowtime' event, held at the new Observatory in Apple Park. The event, hosted in the stunning new venue, was a remarkable spectacle. Tim Cook, CEO of Apple, stood confidently beside the iconic Rainbow sculpture, showcasing the company's cutting-edge technological innovations.
European shares hold ground as AstraZeneca drags, tech shares rise
AstraZeneca was the biggest drag, sliding 5% after detailed study results showed its experimental lung cancer drug did not significantly improve patients' overall survival results.
Make-in-India Pro Max: iPhone 16 is a milestone for Indian manufacturing
India's manufacturing sector is gaining momentum, led by the electronics industry. Apple is a key player, with plans to shift 25% of iPhone production to India by 2025. The latest iPhone 16 series will be available here soon after global launch, marking a significant milestone for Indian manufacturing.
Apple shows off new Watch with bigger screen as it kicks off iPhone 16 AI event
Apple has unveiled its updated Watch Series 10 and AI-enhanced iPhone 16 at an event in Cupertino. However, the launch risks being overshadowed by Huawei's tri-fold phone, which has already garnered over 3 million pre-orders. Apple's new devices aim to drive upgrades amid slowing iPhone sales, especially in the competitive Chinese market.
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Apple iPhone 16, iPhone 16 Pro Max launched in India: Check pricing, features, and availability details
Apple iPhone 16, iPhone 16 Pro Max Price: Apple has launched the iPhone 16 series in India and globally, featuring significant upgrades. The series includes the iPhone 16, Plus, Pro, and Pro Max models. Prices start at Rs 79,900 for the standard model. Pre-orders begin on September 13, with sales starting on September 20 through various platforms.
iPhone 16 series to help Apple touch record 8% share in 2024 in India, say market trackers
Apple has unveiled the iPhone 16 series at its Glowtime event, featuring Apple Intelligence for enhanced AI capabilities. The new models are expected to attract users upgrading from older versions. Despite unchanged prices, the launch is seen as crucial for Apple's market share in India, particularly in the premium segment.
Asian stocks fluctuate as traders await US CPI: Markets wrap
Asian stocks showed mixed movements as traders looked past Wall Street's rebound ahead of key US inflation data. Tokyo and Sydney saw slight gains, while Seoul experienced a decline. The S&P 500 rose 1.2% after a rough start to September. Focus shifts to upcoming US inflation data, with global economic concerns persisting.
Can Apple's iPhones pass the AI test?
For the first time in more than a decade, the tech giant will unveil a suite of iPhones whose signature feature won't be an improved camera or an updated design, but new software capabilities.
Watch: Apple's first Macintosh ad starring Samir Soni goes viral. Nostalgic fans say 'technology has come a long way'
A 1996 Apple Macintosh advertisement featuring Bollywood actor Samir Soni has gone viral, capturing widespread attention online. The ad, recently shared by the Instagram account TV1 INDIA, showcases Soni confidently demonstrating his Macintosh's compatibility with Windows software in a corporate office setting. The commercial’s tagline, “Does more, costs less, it’s that simple,” resonates with viewers nostalgic for a time when Apple was marketed as both affordable and innovative.
US stock market today: S&P 500, Nasdaq down after Nvidia, Apple, Intel, US Steel shares fall. Check full list
US stock market today traded in red as Nvidia, Apple, Intel, US Steel stocks fell.
After Airtel deal, Apple set for music, TV streaming fight in India
Apple's collaboration with Bharti Airtel will enhance its music and video streaming services in India. The deal grants many of Airtel's 281 million customers free access to Apple Music and Apple TV+. This move highlights Apple's aim to expand its presence in the Indian content market, where it has previously focused on manufacturing.
FAANG stocks: Are Facebook, Amazon, Apple, Netflix, Google shares in US stock market inflated? Marc Faber weighs in
US stock market's FAANG stocks are known for high valuations and investor Marc Faber voice his opinion.
India's tablet market grows over 2x to 1.84 mn in Q2; Samsung clocks 49 pc share
The Indian tablet PC market saw significant growth, more than doubling its shipments to 1.84 million units in Q2 2024, according to IDC. Samsung led with a 48.7% share, followed by Acer, Apple, Lenovo, and Xiaomi. The slate tablet market grew by 178.1%, and the detachable segment saw a 23.6% increase.
Buffett's Berkshire Hathaway hits $1 tn market value
Warren Buffett's Berkshire Hathaway holding company crossed $1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to pass the milestone. On Wednesday, Berkshire Hathaway's market capitalization crossed $1 trillion in early trading, putting it in an exclusive club alongside tech titans like Apple, Nvidia and Microsoft.
Bharti Airtel partners with Apple to offer exclusive access to Apple TV+ content and Apple Music
Bharti Airtel has partnered with Apple to provide exclusive entertainment packages for Indian users. Airtel Xstream customers will enjoy Apple TV+ with premium WiFi and postpaid plans and exclusive deals on Apple Music for Wynk Premium users. These services will be available later this year, enriching Airtel's content offerings.
Airtel, Apple sign pact for content
As part of the partnership, Airtel XStream customers can now watch Apple TV+ content as part of the telco's video streaming platform. The service is included for premium Airtel WiFi customers and postpaid plans, the company said.
Who is Apple's new CFO, Indian origin Kevan Parekh?
Apple Inc has appointed Indian-origin engineer Kevan Parekh as its new Chief Financial Officer, succeeding Luca Maestri. Parekh, who will assume office on January 1, 2025, is currently Vice President of Financial Planning and Analysis at Apple. With 11 years at Apple, he has played a crucial role in shaping its financial strategy and operations.
What Warren Buffett’s Apple sale brings back to the investment world
Warren Buffett partially sold his Apple shares, citing high valuations despite the company's robust profitability. Apple was a bargain in 2016 but has become much more expensive. This move underscores the need to weigh quality against price, even for excellent names like Apple. It emphasizes a cautious approach to investing.
Samvardhana Motherson shares climb 6% on joining Apple’s supply chain network
Samvardhana Motherson's shares increased by 5.5% as the company announced plans to join Apple's supply chain in India, partnering with BIEL Crystal Manufactory. They intend to build a new manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This move is part of Motherson's broader strategy to diversify beyond auto components.
Magnificent Seven set to shed $900 billion in value, led by Apple, Nvidia
Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway's decision to cut its stake in the iPhone maker punctured a months-long rally in the sector.
Apple sets a new India record with another bumper harvest
The iPhone maker set "quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand" in the June quarter, Apple chief executive officer Tim Cook told analysts in an earnings call on Friday.
Apple's China market share shrinks as Huawei surges, data shows
The Canalys data, while not providing specific shipment figures for Apple, showed that the company's market share in China dropped to 14% in the second quarter of 2024, a decrease from 16% in the same quarter of 2023.
‘Big Short’ investor Steve Eisman says you have to own big tech
Senior portfolio manager Steve Eisman foresees prolonged strength in US megacap tech stocks driven by AI accessibility. Eisman recommends owning large-cap tech stocks like Apple, Nvidia, Microsoft, and Oracle. Despite concerns about Nvidia's valuation, Eisman remains optimistic about its future earnings growth. He also predicts a Trump victory in November.
Asian stocks echo US rally ahead of inflation data: Markets wrap
Tech rally lifted Asian stocks, S&P 500, and Nasdaq 100; Taiwan Semiconductor strong. Powell hinted at rate cuts; core CPI to rise. China tightened short selling. Inflation data awaited. Japan orders, Thai confidence, Malaysia, and South Korea policies in focus. Fed cuts in 2024 expected. Global equities hit record, yen stable, Apple improved from 2023.
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
The stock climbed 3.4% to $192.70, pushing the e-commerce giant’s market value past $2 trillion. This elevation places it alongside technology giants like Microsoft Corp, Apple Inc, Nvidia Corp, and Alphabet in the elite $2 trillion club.
Nvidia’s 591,078% rally to most valuable stock came in waves
Nvidia's remarkable journey from its IPO to becoming the most valuable company is a testament to its strategic vision, innovative products, and adaptability in emerging markets like AI and data centers.
Apple shares rally to record high as new AI features promise sales boost
At its annual developer event that kicked off on Monday, Apple unveiled an improved Siri virtual assistant that can answer a wider range of queries and accomplish more complicated tasks than earlier, and several AI features across its apps that will be shipped with the latest operating systems for iPhones, iPads and Mac computers.
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