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Business

“Apple wants to manufacture 25% of its iPhones in India, minister says”

“Apple is looking to manufacture 25% of all of its iPhones in India, the country’s commerce minister said Monday… JPMorgan analysts said in a note from September that Apple could make 25% of all iPhones globally in India by 2025… Apple… Continue Reading…

Business

“TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders”

“TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone. The Taiwanese firm, which makes chips for other companies, said November revenue totaled… Continue Reading…

Economy

“Apple chipmaker TSMC warns Taiwan-China war would make everybody losers”

“If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, Liu said that if Taiwan were… Continue Reading…

Business

“Apple is no longer the world’s most valuable company”

“Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading… Continue Reading…

Stocks

“Snap shares soar more than 53% after earnings show it’s weathering Apple’s privacy changes”

“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. It’s a big recovery from Thursday trading, when shares closed down… Continue Reading…

Stocks

“S&P 500 rises Friday led by Apple, but still heads for fourth-straight down week”

“The market is set to wrap up a roller-coaster week with the S&P 500 headed for its worst month since March 2020. The Dow Jones Industrial Average rose about 220 points, or 0.7%. The S&P 500 ticked up 1.3%. The… Continue Reading…

Business

“Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion”

“Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell under 3% in extended trading. “We had a very strong performance… Continue Reading…

Stocks

“3 Stocks that Could Benefit if Interest Rates Rise Higher”

“Goldman Sachs… According to TipRanks’ stock analysis, GS receives a Smart Score of 9, meaning the stock is likely to Outperform. The Smart Score is derived from 8 unique data sets, including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment… Continue Reading…

Stocks

“Just 3 Stocks Power 75% Of Warren Buffett’s Profit”

“Warren Buffett stocks are famous for their tight focus. And this year the famed investor’s highly concentrated play on a few top S&P 500 stocks is paying off. Just three top U.S.-listed stocks in Berkshire Hathaway‘s (BRKB) portfolio, information technology giant Apple (AAPL) plus financials Bank of… Continue Reading…

Business

“Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap”

“It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding more than half a trillion in market capitalization. The tech giant has plunged 22.6% from its intraday record high of $137.98 from Sept. 2,… Continue Reading…