AAPL - アップル （Apple Inc.）

In today''s edition: What it was like to work with Elizabeth Holmes, Elon Musk''s China trip ends, and Nvidia''s founders were not good Denny''s customers.

Taiwan''s Foxconn said on Monday that revenue in May fell 9.5 percent year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry, said revenue last month reached TWD 450.7 billion (roughly Rs. 1,21,300 crore), in line with its expectations, though it was up 5 percent compared with April.

Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.

Apple’s WWDC is set for Monday. Traditionally, the big developer-focused event has been where the company gives us a first

Apple (AAPL) supplier Foxconn (FXCOF) said on Monday that its revenue in May rose 5% M/M but fell 9.5% Y/Y due to softness in smart consumer electronics during the traditional…

The two-year Treasury yield has been falling but that''s done little to juice the S&P 500, DataTrek says. The two-year yield reflects investor expectations for Fed policy moves. That rate has been moving lower as investors anticipate rate cuts this year. There is a "telling" decoupling between stocks and a closely watched Treasury yield that reflects how investors foresee the Federal Reserve moving on monetary policy, says DataTrek. Since the start of last year, there''s largely been a clear tie between the two-year yield and S&P 500 returns, the research firm wrote Monday. When that bond rate rises, the index of the largest US publicly traded companies drops, and when rates stabilize, the S&P 500 climbs. But DataTrek zeroed in on moves that have emerged from February until now. The two-year yield has fallen, to 3.92% as of Friday''s close from 4.09% on February 2. "In fact, they have dropped even more since March 8th, when they topped out at 5.05 percent," said DataTrek''s co-founder Nicholas Colas.

U.S. stock index futures were lower on Tuesday, with dour earnings forecasts from Apple supplier Skyworks and payments firm PayPal weighing on sentiment, while investors focused on a debt-ceiling deadlock. Regional bank shares, which failed to hold on to their short-lived bounce a day earlier, extended declines, with Pacwest Bancorp falling 12.6% and Western Alliance […]

New Zealand Apples and Pears is welcoming the Government''s support to clean up orchards, but is calling on the government to urgently talk to growers as they recover and rebuild following the devastation of Cyclone Gabrielle. "We simply want some clarity from the Government. We dont expect all the

The computing pioneer has made no secret of his fears around artificial intelligence.

Foxconn, the world''s biggest contract electronics manufacturer, has purchased a large plot of land in Bengaluru to diversify production away from China. Its subsidiary Foxconn Hon Hai Technology India Mega Development bought a 1.2 million-square-metre site for $37m as it moves to expand manufacturing in India. Foxconn has manufactured Apple handsets in India since 2019. , Companies News, Times Now

Apple rallied Friday after reporting a rebound in iPhone sales last quarter, helping the world''s most valuable company top earnings estimates and weather an industry-wide downturn that has battered much of its product lineup.

… . According to Bloomberg data, Apple beat Street estimates in revenue … below expectations, while so did Apple ’s services vertical — despite … Counterpoint India said that Apple shipped around 2.1 … with premium phone prices of Samsung and OnePlus going up …

Stocks popped on Friday as regional bank shares climbed off their lows and market-darling Apple reported better-than-expected quarterly earnings. The Dow Jones Industrials spiked 382.74 points, or 1.2%, to move into the afternoon at 33,510.48. The S&P 500 spiked 57.2 points, or 1.4%, to 4,118.57. The NASDAQ Composite popped 204.8 points, or 1.7%, to 12,171.19. Stocks rose even as Aprils jobs numbers came in hotter than expected. The U.S. economy added 253,000 jobs in April, while Wall Street had expected 180,000 new jobs, according to the Bureau of Labor Statistics. Apple posted beats on the top and bottom lines for the fiscal second quarter, propelled by iPhone sales. Apple shares gained more than 4%. The rebound for regional bank stocks was boosted by a note from JPMorgan, which upgraded Western Alliance, Zions Bancorp and Comerica to overweight. The firm said those three banks appear substantially mispriced in part due to short-selling activity. PacWest which is down sharply this week on news its considering strategic options that include a sale popped 54%.

Apple Inc (NASDAQ: AAPL ) reported better-than-expected earnings for the second quarter of fiscal year 2023 . The stock is up nearly 5% during Friday’s intraday session, and several analysts updated their outlooks on the company following the earnings print. By The Numbers: The company''s earnings per share came in at $1.52, beating the consensus estimate of $1.43 per share, while revenue totaled $94.8 billion, compared to analysts'' forecast of $92.96 billion. Despite a 3% year-over-year decline in revenue, Apple CEO Tim Cook and CFO Luca Maestri expressed satisfaction with the company''s performance , noting that iPhone sales were strong in emerging markets including India, Indonesia, Turkey and the UAE. Check Out Beniznga''s quote page for Apple . The Services segment revenue also hit a record high, although it grew at a slower rate of 5% year-over-year in the quarter. Several analysts weighed in on Apple''s earnings, offering their opinions on the stock''s outlook. The BofA Analyst: Wamsi Mohan reiterated his Neutral rating on Apple and set a price target of $176.

US employers add 253,000 jobs in April; Lyft slumps as lower fares stoke margin concerns