Loop Capital Downgrades Apple to Hold on Weaker iPhone Recovery Outlook
Loop Capital downgraded Apple to Hold and cut its price target to $330, citing weaker iPhone recovery prospects and rising memory costs.
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Apple’s First Foldable iPhone Duo Sells Out Within Minutes
Delivery now delayed to December or later.
Apple Hits $5 Trillion as AI Stocks Slide on Anthropic Slowdown and Inflation
Apple’s first close above $5 trillion came as AI stocks sold off on Anthropic’s weaker sequential growth and a hotter-than-expected CPI.
Apple Cuts iPhone 18 Pro Component Orders by at Least 15% as Higher Prices Soften Demand
Rising memory chip costs and $100 price hikes have led Apple to cut iPhone 18 Pro component orders, according to a Nikkei Asia report.
Apple Jury Awards Taction a Record $5.7 Billion Over iPhone and Watch Haptics
A San Diego jury awarded Taction $5.72 billion after finding Apple’s Taptic Engine infringed two patents. Apple says it will appeal.
Apple-Qualcomm Patent Renewal Draws Mixed Analyst Views After 2019 Legal Fight
Qualcomm renewed its Apple patent license from April 1, 2027. After their 2019 legal fight, Apple still needs the patents even as it builds its own modems. Analysts are split.