Apple Shares

Charlie Munger, the billionaire investor and the vice chairman of Berkshire Hathaway, has passed away at the age of 99. He would have turned 100 on the new year's day. Munger was highly regarded for his brilliant wit and analysis and was the man behind building up the Warren Buffett-led investment firm to its present gargantuan status. His insights and vision in the technology sector led to the company making pin-pointed investments that paid large dividends. Even though Berkshire came very late to the Apple party, one…

Apple Inc. and Microsoft Corp. have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge's increasingly top-heavy nature.The world's two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% this week after strong earnings reports from Microsoft and others fueled a rally in technology stocks. When you include Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Nvidia Corp, nearly a quarter of every dollar put into the S&P 500 is now…

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world's fastest-growing smartphone arena after accelerating a move beyond China.The US company now makes almost 7% of its iPhones in India through expanding partners from Foxconn Technology Group to Pegatron Corp., people familiar with the matter said. That's a significant leap for India, which accounted for an estimated 1% of the world's iPhones in 2021. Apple is exploring ways to reduce its reliance on China as…

Apple Inc.'s slowing growth and cash-rich balance sheet are again fueling speculation that the world's most valuable company should make a big acquisition.Entertainment giant Walt Disney Co. recently joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc., Tesla Inc., Peloton Interactive Inc. and Sonos Inc. They all have one thing in common: Anyone betting that Apple would buy them has so far been sorely disappointed. “You're probably missing the value of the business if…

After a shaky start to the year, Apple Inc.'s stock has once again reclaimed the mantle of the go-to investment in Big Tech, even winning support from Goldman Sachs Group Inc. after years in which the brokerage refrained from recommending the shares.The Cupertino, California-based giant has risen about 15% in 2023 and is on course for the biggest quarterly gain in more than a year. The stock is outperforming fellow mega-cap technology companies like Microsoft Corp., Alphabet Inc. and Amazon. com Inc. Concerns about an…

Apple has decided to cut Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million this year, according to a Bloomberg report.The tech giant cited investor guidance and a request from Cook himself to adjust his pay.Cook’s pay package for the fiscal year 2023 will also depend on how well Apple’s shares perform relative to market peers, regulatory filings showed.The $49 million compensation includes the same $3 million base salary and $6 million bonus as 2022, as well as an equity award value of $40…

Image Source : AP Apple CEO Tim Cook takes a big salary cut Tim Cook Salary: In a surprise move, Apple CEO Tim Cook announced that he will be taking a significant cut to his salary, reducing it by almost 50 per cent. Cook stated that he believes his current salary is too high and that he wants to set an example for other executives to follow. "I have always believed…

Apple Inc. shares closed at their lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday period. Apple Inc. shares closed at their lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday period.The stock fell 1.4% in its third straight negative session. While Apple remains a modest outperformer for 2022, with a 27% decline that is narrower than…

Apple's top executive is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. Apple Inc.'s top executive in charge of media-related software technology is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. John Stauffer is exiting Apple after about 24 years to become a vice president of engineering at the online gaming platform. He was one of a handful of company vice presidents to report directly to software…

Apple Inc. has shelled out more than $550 bn buying back its own shares over the past decade, more than any other US company. Apple Inc. has shelled out more than $550 billion buying back its own shares over the past decade, more than any other US company, and the technology juggernaut shows no signs of slowing down.Even with the stock under pressure the past few days because of production delays for its newest handsets, Apple has fared better than other megacap tech companies in this year's bear market. Solid earnings…