By news@appleinsider.com (Mike Wuerthele) If the current stock price holds until opening, and it is likely to, Apple will fall below the $3 trillion valuation after reaching it in the last hours of June, because more than half of the firms giving advice to investors don’t know enough about the company, what it sells, and how it does business.Despite Services doing very well and hitting a record high, Wall Street wasn’t pleased with Apple missing the arbitrary sales targets it set for the iPhone. It may have been disappointed with iPad sales too, as that missed Wall Street’s mark like it normally does.After a flurry of buying pre-earnings statement, investors and funds sold the stock, like they nearly almost always do. As a result, Apple will — on paper — fall below the $3 trillion valuation that it hit on June 30. …
By news@appleinsider.com (William Gallagher) Following the Indian government’s decision to require licences for firms importing key technology devices, Apple, HP, Dell, Samsung, and more have had to temporarily cease imports.Mumbai, IndiaIndia unexpectedly announced its new law …
By news@appleinsider.com (Evan Selleck) On Thursday, Apple announced its fiscal third-quarter earnings and in a surprise announcement has declared that it has hit the milestone one billion paid subscriptions landmark across Services and the …
By news@appleinsider.com (Wesley Hilliard) Apple spent $22.61 billion on research and development through 2023, and CEO Tim Cook confirmed beyond a shadow of a doubt that part of that expenditure is because the company is working on generative AI.Apple AI research is underwayMany pundits have said Apple is behind in AI, specifically because they do not have a chatbot or answer to tools like Google Bard. However, it seems …
By news@appleinsider.com (Evan Selleck) Following Apple’s latest earnings report edging out Wall Street predictions, the company’s board of directors has authorized a new cash dividend for shareholders, payable in mid-August.Steve Jobs Theater at Apple ParkApple on Thursday announced its latest quarterly earnings, raking in $81.8 billion over the fiscal stretch ending July 1. Now, the board of directors has declared a cash dividend of $0.24 per share for the company’s common stock. …
By news@appleinsider.com (Malcolm Owen) Apple has reported its results for the third quarter of 2023 with Services making up for weak iPhone sales, both driving a total revenue of $81.8 billion.Apple CEO Tim CookTraditionally the quietest quarter in Apple’s fiscal year, the results of the third quarter of 2023 were announced by Apple on Thursday, ahead of its usual conference call with analysts. The Q3 2023 revenue of $81.80 billion is down 1% year-on-year compared to the $82.9 billion reported …
By news@appleinsider.com (Evan Selleck) Kasa Smart has unveiled a pair of new smart light switches that feature Matter support and offer even more control for lighting your smart home.Kasa’s new KS205 Smart Wi-Fi Light SwitchAnnounced on August 3, the smart home company is launching the Kasa KS205 Smart Wi-Fi Light Switch and Kasa KS225 Smart Wi-Fi Light Dimmer Switch. As is par for the course with Kasa’s smart products, these light switches can be controlled anywhere thanks to the Kasa App as long as the devices are connected to a 2.4GHz Wi-Fi connection. …
