Apple Beats Estimates, But Shares Fall on Services Miss and Chip Supply Worries
Apple posted strong Q3 results with iPhone and Mac gains, yet shares dropped on a Services shortfall and ongoing chip supply constraints.
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Qualcomm’s Handset Business Slumps 20% While Non-Phone Growth Accelerates
Qualcomm Q3 revenue hits $9.9B at high end of guide. Auto & IoT grow 28%, but rising costs and Apple supply issues pressure outlook.
Apple Partners with Klarna for New “Apple Upgrade” Device Leasing Program
The program covers most iPhones, Macs, iPads, and Apple Watches.
Apple Intelligence Finally Gets Green Light in China, Boosting Upgrade Hopes
Powered by Alibaba’s Qwen model, the AI features — including upgraded Siri — are set to launch this fall with iOS 27 for Chinese users.
Apple Rushes to Buy AI Chip Startups as Baltra Server Chip Faces Delays
As its M2 Ultra servers struggle and Baltra faces delays, Apple is actively acquiring semiconductor startups to build its own AI server infrastructure and cut dependence on third-party chips.
Apple Stock Downgraded by KeyBanc on Slowing iPhone Demand and Stretched Valuation
KeyBanc turns bearish on Apple, cutting the stock to Underweight and setting a $250 target. Analyst flags softening demand, iPhone headwinds, and rich valuation.