apple stock

Apple Inc. just had its worst start to the year by one measure as investors react to mounting pressures on the company, putting its long-standing status as the world’s most valuable stock by market value in jeopardy.Shares of the technology giant fell 0.4% Friday to close at about $181 after the New York Times reported that the Justice Department is closer to filing an antitrust case against the company. The decline notched the fifth consecutive negative day for Apple, its longest losing streak since October.Elevate Your…

The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead the slump that's erased $383 billion in market value. The Nasdaq…

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…

Mehul Reuben DasJan 13, 2023 13:47:32 ISTTim Cook will take a substantial pay reduction in 2023 after he urged that his remuneration be changed in response to feedback and criticism from Apple’s stakeholders. Apple today published its annual proxy statement for investors, revealing a number of details about executive compensation, shareholder proposals, and more.  Even though Tim Cook is voluntarily taking a massive pay cut for 2023, there are several other benefits that he still gets to enjoy. For example, he will…

A steady slide in Apple Inc. shares pushed the iPhone maker’s market value below $2 trillion, the latest casualty in the tech stock rout. A steady slide in Apple Inc. shares pushed the iPhone maker's market value below $2 trillion, the latest casualty in the tech stock rout. Apple fell as much as 4.2% on Tuesday as concerns about iPhone supply in the important holiday quarter mount and investors lose faith in a reprieve from higher interest rates. The slump sent Apple's market value to $1.98 trillion, ending its…

Apple Inc.’s surge Thursday was one for the record books. Apple Inc.'s surge Thursday was one for the record books. The world's most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon.com Inc.'s $190.8 billion gain in February, according to data compiled by Bloomberg.Apple, which after Thursday's 8.8% jump has a market capitalization of $2.34 trillion, now accounts for four…

Apple has hired a startup founder and former Facebook executive to run its information systems group after departures in that department. Apple Inc. has hired a startup founder and former Facebook executive to run its information systems group after departures in that department, according to people with knowledge of the matter. Timothy Campos will lead the Information Systems and Technology department, better known as IS&T, which handles the infrastructure behind Apple's online services, customer support and…

Apple Inc.’s status as a relative haven in this year’s bear market is under threat amid growing concern that iPhone sales are weakening. Apple Inc.'s status as a relative haven in this year's bear market is under threat amid growing concern that iPhone sales are weakening, portending further declines for technology stocks more broadly. Over the weekend, the Cupertino, California-based company said Covid-related lockdowns in China would cause shipments of its newest premium handsets to be lower than previously…