DIRS.INFO The most relevant business & tech news

☆ Apple expected to unveil new iPhone at ‘Wonderlust.’ special event
▼ + stars: | 2023-08-29 | by ( Jennifer Korn | ) edition.cnn.com time to read: +1 min

New York CNN —The next iPhone could be just weeks away. Apple announced its fall special event on Tuesday, sending out press invites for the morning of September 12th. Invitees will get to attend in-person at the Steve Jobs Theater inside Apple Park, the company’s headquarters in Cupertino, California, while the general public can watch online at 10 am PST. New iterations of the Apple Watch and Apple Watch Ultra are also expected. The “Wonderlust.” event comes about three months after Apple’s Worldwide Developers Conference unveiled updates to multiple hardware and software products, as well as its highly ambitious mixed reality headset, the Apple Vision Pro.

Persons: Invitees Organizations: New, New York CNN, Apple, Steve Jobs, Apple Watch, Apple’s, Conference, Apple Vision Locations: New York, Cupertino , California

☆ iPhone 14 Pro Max tops global smartphone shipments as people shun budget phones for top-end devices
▼ + stars: | 2023-08-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In the January-to-June period, Apple's iPhone 14 Pro Max shipped 26.5 million units — the most out of any model from any manufacturer — compared with 21 million unit shipments for the iPhone 14 Pro. That's according to Omdia's "Smartphone Model Market Tracker - 2Q23" report, which tracks sales of different models of phone. Apple accounted for all four of the top-shipping models, with the iPhone 14 coming in third on 16.5 million units, and the iPhone 13 selling 15.5 million units. This year, the iPhone 14 Pro Max, the most expensive of the Cupertino, California, tech giant's smartphone array, has taken the crown. Sky-high prices north of $1,000 attached to the top-end phones from companies like Apple, Samsung and Xiaomi have also put people off buying flagship phones more generally.

Persons: Max, That's Organizations: Max, Apple, Samsung Locations: Cupertino , California

☆ Your iPhone battery life is probably getting worse. Here's what to do.
▼ + stars: | 2023-08-15 | by ( Todd Haselton | ) www.cnbc.com time to read: +2 min

If your iPhone battery life seems like it's getting worse, that's because it is. A battery replacement is free if you have AppleCare+, which costs between $3.99 and $13.49 per month depending on the iPhone model you have. That means I can't get Apple's free battery replacement through the AppleCare+ plan that I pay for. But it explains why my battery life seems like it's gotten worse. It's a quick and relatively affordable way to improve your iPhone battery life, particularly if you don't otherwise need a new phone.

Persons: Max Organizations: Wall Street Journal, Apple Locations: Cupertino , California

☆ How Apple Lost the K-12 Education Market to Google
▼ + stars: | 2023-08-10 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +6 min

Apple used to dominate the K-12 education market. By missing out on schools, Apple is losing the unique relationship it once had with students. Long before music was part of Apple's DNA and computers were something to be strapped to one's face, Apple was the de facto standard for K-12 education. Apple's share of the K-12 education market has been under siege since at least 2017 , when low-cost Windows computers and Google's affordable Chromebooks with its suite of cloud apps, began to own the market. But maybe more importantly, Google now owns the K-12 market because Apple appears to be uninterested in it.

Persons: Apple, Michael Gartenberg, Long, Mavis Beacon, Chromebooks, Apple hasn't, They're Organizations: Apple, Morning, Los, Google, Schools, Mac Locations: Los Angeles, Cupertino

☆ Shares of red-hot Apple and Nvidia have hit rough patches. Here's what we think is happening
▼ + stars: | 2023-08-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

.SPX AAPL,NVDA 1M mountain The S & P 500's performance over the past month compared with Apple and Nvidia. Despite initially trading modestly higher Thursday morning, Apple and Nvidia shares steadily lost ground into the afternoon in lockstep with the market. They popped a bit with the S & P 500 's brief move positive just before 2 p.m. AAPL YTD mountain Apple YTD performance In our minds, the iPhone maker's results were impressive – led by a record $21.2 billion in high-margin Services revenue. NVDA YTD mountain Nvidia YTD performance Nvidia's stock chart may get worse before it gets better.

Persons: Jim, SPX, we'll, Apple's, hasn't, Morgan Stanley, Larry Williams, Williams, We're, Jim Cramer's, Jim Cramer, Tim Cook, Justin Sullivan Organizations: Apple, Nvidia, Computer, Financial Times, Club, CNBC, Apple Worldwide Locations: Plenty, lockstep, Cupertino , California

☆ How to change your default credit card in Apple Wallet
▼ + stars: | 2023-08-10 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

I rarely, if ever, pull out a debit or credit card to make a payment anymore — maybe at a restaurant. But, in that quick motion — hovering your card over a payment terminal — your iPhone will automatically charge the default card that pops up on your phone. That meant he also had to replace the default card in his Apple Wallet. That's easy to do, but the option to select a default card is kind of buried. Scroll down to "Default Card" under the "Transaction Defaults" section.

Persons: Tim Cook Organizations: Apple, Steve Jobs, CNBC, YouTube Locations: Cupertino , California

☆ Apple’s market value drops $180 billion in less a week. Here's why Wall Street is overreacting
▼ + stars: | 2023-08-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Around $180 billion of Apple's (AAPL) market value has been incinerated since the tech giant reported quarterly results last week — a reaction we consider overblown for this own-it, don't-trade-it stock. Apple's market cap is now under $3 trillion after a string of losses before and after last week's earnings. AAPL YTD mountain Apple's YTD performance Late last Thursday , Apple posted strong Services sales, but missed on Products. Overall revenue for the company's fiscal third quarter of $81.8 billion fell 1% year-over-year but beat out expectations of $81.69 billion. Apple shares received a rare downgrade from Wall Street following the earnings numbers.

Persons: Apple, Barton Crockett, Crockett, Jim Cramer, Jim, Tim Cook, Morgan Stanley, Jim Cramer's Organizations: Products, Apple, Rosenblatt Securities, Big Tech, Silicon, JPMorgan, Bears, CNBC, Getty Locations: Tuesday's, U.S, Cupertino , California, Big Tech, India, Shanghai, China

☆ Apple is planning to move the button to hang up a call in new iPhone software
▼ + stars: | 2023-08-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook holds a new iPhone 14 Pro during an Apple special event on September 07, 2022 in Cupertino, California. Apple's iOS 17 will include one of the biggest revamps to the iPhone's phone app in years. But one tweak will require longtime iPhone users to retrain their muscle memory. In beta versions of iOS 17, Apple has moved the "End Call" button. Here's what the new call screen looks like on a beta version of iOS 17:

Persons: Tim Cook, It's Organizations: Apple Locations: Cupertino , California

☆ CNBC Daily Open: Financial markets aren’t the economy
▼ + stars: | 2023-08-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. JPMorgan Chase no longer thinks the U.S. economy will slip into a recession this year. "Given this growth, we doubt the economy will … slip into a mild contraction as early as next quarter," wrote Feroli. CNBC Pro's Sarah Min explains how the Federal Reserve might react, depending on what the price numbers look like.

Persons: nonfarm payrolls, That's, Dow Jones, JPMorgan Chase, Michael Feroli, Sarah Min Organizations: CNBC, Federal, U.S, Nasdaq, Credit Agricole, Maersk, JPMorgan, Apple Locations: Manhattan, New York City, U.S, Cupertino

☆ Apple's iPhone 15 is reportedly set for mid-September launch
▼ + stars: | 2023-08-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple's next-generation iPhone 15 is slated for sales launch around Sept. 22, Bloomberg reported Monday. The sale date will be preceded by an Apple event the week prior, either on Sept. 12 or 13, Bloomberg reported. In the company's fiscal third-quarter earnings, it reported that iPhone sales fell 2% to $39.67 billion. "The smartphone industry is tough in the U.S. right now," CEO Tim Cook told CNBC's Steve Kovach last week.

Persons: Tim Cook, Apple's, CNBC's Steve Kovach Organizations: Apple, Apple's Worldwide, Bloomberg Locations: Cupertino , California, U.S, China, Southeast Asia

☆ What the Street missed in earnings at Apple and Amazon — and where shares go next
▼ + stars: | 2023-08-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

In one quarter — one off-cycle quarter that didn't feature a no new iPhone — Apple (AAPL) delivered a whopping $81.8 billion in sales. I came up with "own it, don't trade it" for Apple because there have been so many quarters like this one. The people who sold Apple shares on Friday no doubt sold it on their Apple devices. I would be more worried if Apple's customer satisfaction went down than I am that iPhone sales lagged. Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.

Persons: Tim Cook, Luca Maestri, Tim, Jensen, da, Huang, Andy Jassy, Roku, Jassy, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, ESPN, Amazon, Web Services, Nvidia, Services, Walmart, Oracle, Amazon Web, Google, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: Indonesia, India, Philippines, Mexico, Turkey, Texas, New Jersey, Cupertino , California

☆ Apple is set to shed nearly $60 billion in value after iPhone sales fell
▼ + stars: | 2023-08-04 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Apple shares fell nearly 2% in premarket trading on Friday. It posted a so-so earnings report that showed iPhone and iPad sales falling. The losses could wipe nearly $60 billion off Apple's market capitalization. Sales of iPhone, which account for nearly half of Apple revenues, slipped more than 2%, while iPad sales were down by a fifth. "Apple beat expectations overall, but a 2% fall in iPhone sales has spooked investors and caused a sharp sell-off," said Hargreaves Lansdown lead equity analyst Sophie Lund-Yates.

Persons: Apple, Hargreaves, Sophie Lund, Yates Organizations: Apple, Service, Big Tech Locations: Wall, Silicon, Refinitiv, Cupertino

☆ Apple shares slide after it reports decreased revenue for iPhone and other hardware
▼ + stars: | 2023-08-04 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook speaks with media members at a viewing area for new products during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Shares of Apple fell 4.8% Friday after the company reported lower year-over-year revenue for its flagship products in its third quarter earnings report. Apple said revenue for its iPhone, Mac and iPad lines was down from the year before. Still, Apple beat estimates on earnings per share, which came in at $1.26 compared to the $1.19 analysts had expected, according to Refinitiv. During the company's earnings call Thursday, Apple's stock dipped lower when CFO Luca Maestri told analysts they expected similar sales results in the following quarter.

Persons: Tim Cook, Luca Maestri, Maestri, —, Kif Leswing Organizations: Apple, Apple's Worldwide, Revenue Locations: Cupertino , California, Refinitiv, iPhones, India

☆ Apple earnings live updates: What analysts are looking for
▼ + stars: | 2023-08-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook next to Apple's new Vision Pro virtual reality headset, at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple is expected to post its third consecutive year-over-year decline in quarterly revenue on Thursday, according to FactSet estimates, with declines in iPhone, iPad, Wearables, and Mac sales. However, analysts expect the company's profitable services division to be a bright spot, rising over 5%. Apple's forward-looking statements may also give clues to the state of global economies, and whether consumer confidence is wavering or strengthening. Apple hasn't provided guidance since 2020, citing uncertainty, but it gives investors data points that they can use to figure out whether Apple expects sales to rise or fall.

Persons: Tim Cook, Apple hasn't Organizations: Apple Locations: Cupertino , California

☆ Apple and these other companies reporting next week have a history of outperforming earnings expectations
▼ + stars: | 2023-07-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Although not an exact science, companies whose quarterly results exceed analyst estimates could see their shares rise in resulting enthusiasm. CNBC Pro screened for the companies scheduled to report earnings next week that also have a record of outperforming the Street's expectations. Apple The maker of the iPhone, iMac and iPad is set to report results Thursday after the bell. Yum China The Chinese restaurant holdings company, which includes KFC and Pizza Hut, has a record of topping earnings estimates 73% of the time. The company has a 75% record of beating earnings estimates and tops revenue forecasts 71% of the time.

Persons: Kraft Heinz, Steve Madden, CNBC's Michael Bloom, Fred Imbert Organizations: Apple, Qualcomm, Devices, Kraft, CNBC Pro, Investment, Bank of America, KFC Locations: Cupertino , California, China, Yum China

☆ These vintage Apple sneakers with the rainbow logo originally made for employees can be yours — if you have $50,000
▼ + stars: | 2023-07-26 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

The shoes, which are white and feature a vintage rainbow Apple logo, are listed for $50,000. A pair of vintage Apple sneakers are on sale, but they cost more than what some people make in a year. Sotheby'sThe white sneakers have a rainbow Apple logo on the tongue and on the sides. Many of these items were decorated with the rainbow Apple logo, along with other bold, kitschy designs, reminiscent of the time period. There was also the vintage Apple letterman jacket, a retro black jacket with brown sleeves that featured the rainbow logo.

Persons: Sotheby's, it's, Drake, Justin Sullivan, Hermes Organizations: Morning, Omega Sports Apple Computer, Apple, BBC, Apple Music, eBay Locations: Cupertino , California, California

☆ Apple opens Vision Pro headset applications for developers, but they can't talk about it
▼ + stars: | 2023-07-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023. Apple opened up Vision Pro developer kit applications on Monday, ahead of a planned 2024 launch for the $3,499 headset. The device is a loan, not a sale, and it will remain Apple property to be returned after the Vision Pro headset launches. Apple revealed the Vision Pro, its new virtual reality product that the company says is its first "spatial computer," in June. Apple is interested in developers porting VR apps from other platforms and building new apps just for the Vision Pro.

Persons: Tim Cook, it's, It's Apple's, Apple Organizations: Apple, Apple Vision, Apple Worldwide, Conference, Vision Pro, Pro, Apple Watch, Vision Locations: Cupertino , California, London, Shanghai, Tokyo

☆ Interns and college students are using virtual reality to learn office skills without ‘repercussions’—but not everyone is sold on the metaverse
▼ + stars: | 2023-07-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +6 min

Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. College classes and internship programs are employing VR headsets to teach students and early talent the ropes of an office environment. Laura Bedalov, a customer success manager at Cappfinity, sets up the virtual reality workplace environment that colleges and internship programs are using to train young people. Within UCD's virtual reality world, which was developed in partnership with Cappfinity, students may take on the role of a human resources employee choosing a job candidate to hire. Maurice Knightly, education innovation lead at UCD's Innovation Academy who helped spearhead the VR class, says headset prices have gotten cheaper over time.

Persons: Laura Bedalov, Jeannie Liakaris, Rebecca Picciotto, Cappfinity, Ernst & Young, Alan O'Donnell, O'Donnell, Maurice Knightly Organizations: Apple's Worldwide, Apple, Meta, Microsoft, University College Dublin, UCD's Innovation Academy, UCD, VR, CNBC, Netflix, Pico Locations: Cupertino , California

☆ Jim Cramer: I used Apple's new Vision Pro headset — here's what it was like
▼ + stars: | 2023-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver. Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver.

Persons: Taylor Swift's, Adam Silver, Apple, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, Hollywood, Apple Watch, Vision, New York Knicks, NFL, CNBC, Apple's Worldwide, AFP, Getty Locations: Iceland, Cupertino , California

☆ India's slow progress in becoming a chipmaking powerhouse to rival China is bad news for Apple
▼ + stars: | 2023-07-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Apple has long depended on China for manufacturing, but the relationship is getting complex. Two recent developments suggest India's push to become a viable alternative to China — and benefit Apple — are mixed. "Foxconn has determined it will not move forward on the joint venture with Vedanta," Foxconn said in a statement to Reuters. That's a critical blow to Modi, who set out chip manufacturing as a strategic part of his ambitions to level up India. Vedanta chairman Anil Agarwal tweeted that the joint venture meant "India's own Silicon Valley is a step closer now."

Persons: Foxconn, —, China's, Luxshare, JP Morgan, Tim Cook, Modi, Madhuri Dixit, Mukesh Ambani, Narendra Modi, That's, Europe's, Anil Agarwal, Agarwal Organizations: Apple, Apple ., Tata Group, Bloomberg, Vedanta, Reuters Locations: China, India, Asia, China's hawkishness, Taiwan, Vietnam, Beijing, Mumbai, iPhones, Karnataka, Modi's, Gujarat, Cupertino

☆ Apple just released a preview of its next big iPhone update. Here's what's new
▼ + stars: | 2023-07-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Josh Edelson | AFP | Getty ImagesIn June, Apple announced iOS 17, the latest version of the iPhone operating system. Here are some of the biggest changes in iOS 17. A new feature called NameDrop allows two iPhone users to share contact details by simply bringing their phones close together. So, if you have two dogs, Apple Photos can tell the difference between the two in search and other applications. In iOS 17, Apple will be able to automatically input two-factor authentication codes from emails received in the Mail app.

Persons: Tim Cook, Josh Edelson, it's, Apple’s autocorrect, Apple, Sofia Pitt, ”, Siri, It's, FaceTime Organizations: Apple's Worldwide, Apple, AFP, Getty, Google, AirPods, Sofia Pitt New, Apple Music, Spotify Locations: Cupertino , California, voicemails

Club stock Apple finished the second quarter with a 17.6% gain and the first half of the year with a 49% advance. Meta jumped 35% in the second quarter and 138% year to date. Estee Lauder lost 20% in the second quarter and nearly 21% year to date. The Dow Jones Industrial Average rose 3.4% in the second quarter and 3.8% for the year. But, it was the Nasdaq that outshined them all — soaring nearly 13% in the second quarter and almost 32% in the first six months of the year.

Persons: Meta, Estee Lauder, Locker, Wells, Morgan Stanley, —, Wells Fargo, Levi Strauss, LEVI, That's, Friday's, Gold, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Josh Edelson Organizations: Federal Reserve, Nasdaq, Investors, Apple, Nvidia, Dow Jones, Federal, PMI, Independence, Modelo, Constellation Brands, U.S, Treasury, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: U.S, Wells Fargo, Corona, Cupertino , California

June 30 (Reuters) - Apple Inc's (AAPL.O) stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world's most valuable company jumped 2.3% to $193.97, giving it a market capitalization of $3.05 trillion, Refinitiv data showed. Reuters Graphics Reuters GraphicsThe Cupertino, California company's market capitalization briefly peaked above $3 trillion in intraday trading on Jan. 3, 2022 before closing the session just below that mark. Apple's $3 trillion milestone follows the June 5 launch of a pricey augmented-reality headset, its riskiest bet since the introduction of the iPhone more than a decade ago. Four other U.S. companies have valuations of more than $1 trillion - Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Nvidia and Microsoft Corp (MSFT.O), which follows Apple with a market value of $2.5 trillion.

Persons: Hogan, Riley, Tiyashi Datta, Noel Randewich, Anil D'Silva, Richard Chang Organizations: Apple, Reuters Graphics Reuters, Nvidia Corp, Tesla Inc, Commerce Department, Amazon.com Inc, Nvidia, Microsoft Corp, Tesla, Inc, Thomson Locations: Cupertino , California, Apple's, Bengaluru, Oakland, Calif

☆ Apple's market cap passes $3 trillion in early trading
▼ + stars: | 2023-06-30 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple 's market cap topped $3 trillion during premarket trading on Friday as shares climbed about .93% to new a new high and passed the $190.73 price required to hit the milestone, according to CNBC's most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in Jan. 2022, but it failed to close at that level. It shows investors remain bullish on the stock and Apple's portfolio of products and services, despite the company's warning in May that its current quarter revenue is expected to fall about 3%. Investors see the company as one of the bright spots during a year of turbulence in tech, with tech giants committing to "do more with less" amid a "year of efficiency" and laying off thousands of employees.

Persons: Tim Cook, Apple, Wedbush's Dan Ives Organizations: Apple, Apple's Worldwide, Investors Locations: Cupertino , California, Cupertino

☆ Tech stocks close out best first half in 40 years, powered by Apple rally and Nvidia boom
▼ + stars: | 2023-06-30 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. The last time technology stocks had a better first half, Apple was touting its Lisa desktop computer, IBM was the most-valuable tech company in the U.S. and Mark Zuckerberg hadn't been born. It's a startling achievement, given what's happened in the tech industry over the past four decades. Meta and Tesla , which both got hammered last year, have more than doubled in value so far in 2023. Nvidia shares soared 190% in the first half, lifting the 30-year-old company's market cap past $1 trillion.

Persons: Tim Cook, Apple, Mark Zuckerberg hadn't, Zuckerberg, Tesla, OpenAI, Bryn Talkington, CNBC's Organizations: Apple, Apple Vision, Apple Worldwide, IBM, Nasdaq, Microsoft, Silicon Valley Bank, Federal Reserve, Meta, Facebook, Google, Nvidia, Capital Management Locations: Cupertino , California, U.S

Search resuls for: "CUPERTINO"

25 mentions found