All articles tagged with #apple inc
Jim Cramer predicts a significant upcoming catalyst will impact Apple's stock performance. He advises investors on how to position themselves in anticipation of this development, though specific details of the catalyst are not disclosed in the available text.
President Trump hosted a White House luncheon on Sept. 29, 2026, with major tech leaders to sign a voluntary safety accord, but Apple was notably absent. While the administration rebranded AI as 'super intelligence' to improve public perception, critics argue the non-binding agreement lacks enforcement mechanisms, and Apple’s exclusion highlights its distinct, on-device approach to the technology.
A US federal jury in San Diego has ordered Apple to pay $5.7 billion in damages to Taction Technology for infringing two patents related to haptic feedback systems. The verdict, delivered on September 25, 2026, concerns Apple’s Taptic Engine used in iPhones and Apple Watches. Litigation funder Burford Capital, which backed the case, reported a 9% share price jump and expects to recover up to $1.4 billion, though it warned that Apple’s appeal could reduce or eliminate this return. Apple has vowed to appeal, stating its technology is fundamentally different from Taction’s.
Apple stock rose after unveiling the iPhone 18 Pro and its first foldable iPhone Duo, with Pro starting at $1,199 and Duo at $1,999, in a high-profile product debut for new CEO John Ternus and a test of upgrade demand.
Apple announced higher prices for its new iPhone 18 Pro and Pro Max and also bumped prices on older iPhone models, tying the increases to shortages of key components and AI‑driven inflation pressures shaping the gadget market.
Apple plans to use AI-enabled features on a forthcoming foldable iPhone to drive demand, with analysts suggesting the device could command more than $2,000 and potentially lift prices of other Apple products through a halo effect, while competition from Samsung and Chinese makers persists.
Analysts expect Apple’s upcoming iPhone 18 to carry a price tag at least $100 higher than last year as AI-driven inflation lifts component costs, with some older models also priced higher; the AI boom is fueling broader price pressures in gadgets, and consumers may delay upgrades due to affordability concerns.
John Ternus, a 51-year-old hardware engineer and 25-year Apple veteran, was named Tim Cook’s successor as Apple’s CEO, with Cook remaining executive chair during a four‑month transition. Known for his calm, low-profile leadership and hardware focus, Ternus has driven key products from iPad transitions to AirPods and Mac chips. His appointment signals continuity within Apple’s leadership while aiming to rekindle a product‑led era; his first major public test will be leading the upcoming iPhone launch (and possibly a foldable iPhone), as investors weigh AI, supply chains, and the company’s growth trajectory.
Apple raised prices for its Apple TV streaming service in the US, with the monthly price now $14.99 (up from $12.99) and the annual price $119/year (up from $99). The Apple One Individual plan also increased to $21.95/month. The price hike also affects Brazil, Chile, and Mexico, and is effective immediately for new subscribers with about a month’s notice for existing subscribers before renewal. Apple’s price increases have occurred in steps since 2019 (from $4.99) and today’s changes do not affect Apple One Family or Premier, which had already risen, while Apple Music pricing was raised in July.
Bloomberg's Mark Gurman reports Apple plans to reintroduce a ceramic Apple Watch as a premium option, potentially launching this year after the model last appeared in 2019's Series 5; the new ceramic would sit above titanium in the lineup, with earlier ceramic variants priced around $1,299, while current Series 11 and Ultra models use aluminum or titanium.
OpenAI fired back at Apple’s lawsuit alleging it stole top-secret hardware designs, calling the action careless, aggressive and oddly personal and insisting it does not have or want Apple’s confidential information. Apple had sued to prevent OpenAI from accessing its trade secrets and sought a preliminary injunction. OpenAI argues Apple’s claims are vague and notes that Apple employees had previously contacted a former Apple designer, Chang Liu, to locate the information—something Apple now concedes. The dispute underscores rising AI competition as OpenAI expands into consumer products while Apple teams with Google to enhance Siri.
Apple’s market capitalization topped $5 trillion for the first time, making it only the second company to reach that level after Nvidia, as investors flock to tech havens amid a sell-off in AI and semiconductor stocks; Apple has largely avoided heavy AI spending and is gradually advancing its AI features, with quarterly results due this week.
OpenAI is considering legal action against Apple over their 2024 agreement to integrate ChatGPT into the iPhone, arguing Apple has not invested the promised resources to deliver the partnership; Apple has pursued other AI deals (notably Google Gemini for Apple Intelligence) and has not actively promoted OpenAI tools on iPhone, contributing to tension as OpenAI also recruits from Apple.
Xi Jinping told visiting US business leaders—including Nvidia’s Jensen Huang, Apple’s Tim Cook and Tesla’s Elon Musk—that China will open wider to mutual cooperation and market access, signaling potential easing of market access amid ongoing US-China tensions; the delegation stressed the importance of China’s market, Nvidia eyes revived chip orders, and Beijing signaled future regulatory predictability but on China’s terms.
Apple has agreed to a $250 million settlement to resolve a class-action accusing it of false advertising for promising AI Siri features in 2024 that had not launched; the deal covers U.S. buyers of the iPhone 16 and some iPhone 15 models, carries no admission of fault, and would be among the company’s largest settlements if approved. The case underscores ongoing AI hype and delays as Apple partners with OpenAI and Google and had signalled a Siri reveal at its June developer conference, though Tim Cook later said Siri work is taking longer than expected.