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© MacDailyNews 2002 - 2026 All Rights Reserved.
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Stock market plunges as U.S. recession fears jolt global markets

Monday, August 5, 2024 12:01 pmMonday, August 5, 20247 Comments

The U.S. stock market main indexes slumped on Monday as fears of America falling into recession mounted following weak economic data…

After Buffett slashes AAPL stake, Apple investors urged to remain calm

Monday, August 5, 2024 11:26 am5 Comments

To some investors, Berkshire Hathaway’s halving of its massive Apple stake could be interpreted as a lack of conviction in the company’s…

Apple Intelligence is vaporware; has a long way to go to match its marketing hype

Monday, August 5, 2024 10:19 am12 Comments

When you’re caught flat-footed like Tim Cook’s Apple, you you dribble out features as they get finished and actually exist. Classic vaporware.

Apple supplier stocks tank after Berkshire sells half of its Apple stake

Monday, August 5, 2024 9:38 amMonday, August 5, 20248 Comments

Apple’s suppliers’ share prices dropped after Warren Buffett’s Berkshire Hathaway nearly halved its stake in the California-based tech co…

Warren Buffett’s Berkshire Hathaway chops Apple stake in half

Monday, August 5, 2024 8:56 amMonday, August 5, 202413 Comments

Warren Buffett appears to have soured on stocks amid a faltering U.S. economy, chopping its Apple stake in half while growing cash…

Apple asks U.S. judge to toss antitrust lawsuit

Friday, August 2, 2024 5:25 pmFriday, August 2, 20241 Comment

Apple this week asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the…

Nasdaq on course to fall into correction territory as U.S. recession fears mount

Friday, August 2, 2024 4:01 pmFriday, August 2, 20241 Comment

U.S. stocks fell for a second straight session on Friday, with the Nasdaq on pace to fall into correction territory after a weak jobs report…

Apple’s Q3 beats expectations, the ‘best is yet to come,’ BofA says

Friday, August 2, 2024 3:03 pmFriday, August 2, 20246 Comments

Apple posted a “modest beat” for fiscal Q324 revenue and earnings, supported by strength across most divisions, and projected Q4 gains…

Apple Original Films celebrates the world premiere of ‘The Instigators,’ starring Matt Damon and Casey Affleck

Friday, August 2, 2024 2:07 pmNo Comments

Apple Original Films celebrated the world premiere of “The Instigators,” starring Matt Damon and Casey Affleck premiering in select theaters…

Investors flock to Apple’s safe harbor

Friday, August 2, 2024 1:01 pmFriday, August 2, 20242 Comments

Apple stock was up on Friday, outperforming other tech stocks as investors see the company as a safe harbor following fiscal Q324 earnings…

Weak-kneed Apple apologizes for another ad after complaints

Friday, August 2, 2024 11:40 amFriday, August 2, 202423 Comments

Weak-kneed Apple has pulled another advertisement, “The Underdogs: OOO (Out of Office),” set in Thailand after a backlash from…

Goldman Sachs analyst: Apple earnings results keep ‘bull thesis alive and well’

Friday, August 2, 2024 10:57 amNo Comments

Apple reported third quarter earnings on Thursday, August 1st that beat expectations on both revenue and earnings per share…

Nasdaq 100 plunges into correction territory

Friday, August 2, 2024 10:35 amNo Comments

The Nasdaq 100 Index has plunged into correction territory, wiping out more than $2 trillion in value in just over three weeks…

U.S. stock markets plummet as weak jobs report adds to U.S. recession fears

Friday, August 2, 2024 9:11 am9 Comments

U.S. stock markets tumbled Friday as a much weaker-than-anticipated jobs report for July added to recession worries for the U.S. economy…

Beleaguered Intel axes over 15,000 employees; stops ‘non-essential’ work

Friday, August 2, 2024 9:00 am4 Comments

CEO of beleaguered Intel, Pat Gelsinger, who in 2021 attempted to denigrate Apple by referring to the firm as “a lifestyle company,” has…

MacDailyNews presents live notes from Apple’s Q324 conference call

Thursday, August 1, 2024 4:42 pmThursday, August 1, 2024No Comments

MacDailyNews presents live notes from Apple’s Q324 Conference Call with analysts starting at 2pm PT / 5pm ET today, August 1, 2024…

Apple beats Street, posts quarterly revenue of $85.8 billion

Thursday, August 1, 2024 4:31 pmThursday, August 1, 20248 Comments

Apple today announced financial results for its fiscal 2024 third quarter. The company posted quarterly revenue of…

Dow slides 650 points, on track for biggest sell-off of 2024 over U.S. recession fears

Thursday, August 1, 2024 3:47 pm4 Comments

The Dow Jones Industrial Average heading for its worst day of the year as new data raised fears of a potential U.S. recession. The benchmark…

Wall Street retreats on fears of slumping U.S. economy

Thursday, August 1, 2024 1:06 pm3 Comments

The U.S. stock market’s main indexes slumped on Thursday, weighed by mega-cap tech and chip stocks, while small-caps bore the brunt…

Game developers offer insight into Apple Arcade frustrations

Thursday, August 1, 2024 12:07 pmNo Comments

Some anonymous game developers continue to face frustrations when working within the constraints of Apple Arcade, the company’s…

New leaked image shows iPhone 16 Pro in White, Deep Black, and Titanium finishes

Thursday, August 1, 2024 11:06 amNo Comments

Leaker Sonny Dickson on Thursday posted a new image showing three dummy unit with alleged iPhone 16 Pro finishes, including a dark…

Apple’s Q324 earnings: Here’s what Wall Street expects

Thursday, August 1, 2024 10:01 amThursday, August 1, 2024No Comments

Wall Street consensus estimates call for Apple to report fiscal adjusted earnings of $1.34 per share, up 6.3% year over year, and revenue of…

Fox, Disney, Warner Bros Discovery’s ‘Venu Sports’ service priced at $42.99/month

Thursday, August 1, 2024 9:08 am3 Comments

Venu Sports — the streaming service formed by Walt Disney, Fox, and Warner Bros Discovery — will cost subscribers $42.99 per month…

iPhone 16 colors and vertically arranged camera bump revealed in new image

Wednesday, July 31, 2024 6:00 pm3 Comments

A new image posted to social media by Sonny Dickson shows off new color options for the upcoming iPhone 16 models…

Apple TV+ unveils first look at ‘Midnight Family’ medical drama series premiering September 25th

Wednesday, July 31, 2024 5:01 pmWednesday, July 31, 2024No Comments

Apple TV+ on Wednesday unveiled a first look and the global premiere date for “Midnight Family,” the 10-episode medical drama series…

Ohioans can now add their driver’s license to their Apple Wallet

Wednesday, July 31, 2024 4:05 pmWednesday, July 31, 2024No Comments

Ohio has become the fifth state in America to allow users to add driver’s licenses to their Apple Wallet app…

Apple TV+ unveils first look at ‘Before,’ starring Billy Crystal

Wednesday, July 31, 2024 3:01 pmWednesday, July 31, 2024No Comments

Apple TV+ on Wednesday shared a first look at “Before,” starring multi-award-winning actor, comedian and filmmaker Billy Crystal. In the…

Apple’s iPhone 16 Plus may be the last plus-sized regular iPhone

Wednesday, July 31, 2024 1:56 pmNo Comments

If analysts’ predictions turn out to be correct, the iPhone 16 Plus could be the last plus-sized regular iPhone offered by Apple…

Goldman Sachs expects Apple to beat Q3 earnings estimates

Wednesday, July 31, 2024 12:03 pm2 Comments

Investment bank Goldman Sachs is anticipating Apple to surpass analyst expectations when it reports third-quarter earnings on Thursday…

Apple’s Emergency SOS via satellite now available to iPhone 14 and iPhone 15 users in Japan

Wednesday, July 31, 2024 10:18 amNo Comments

Emergency SOS via satellite, Apple’s revolutionary safety service, is now available to iPhone 14 and iPhone 15 users in Japan…

Apple Intelligence makes compatible iPhone models even more enticing than ever

Wednesday, July 31, 2024 9:44 am1 Comment

Apple Intelligence is the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with…

Apple expected to report higher revenue in earnings release Thursday

Wednesday, July 31, 2024 8:56 amNo Comments

Apple is anticipated to announce revenue growth when it releases its fiscal third-quarter earnings report on Thursday. The company…

Extended Apple Intelligence rollout means the payoff will slowly build

Tuesday, July 30, 2024 6:04 pmTuesday, July 30, 20242 Comments

The highly anticipated Apple Intelligence features, set to be a cornerstone feature of the Mac, iPhone, and iPad, will not be available at…

Apple’s earnings are almost here; the market reaction will likely surprise

Tuesday, July 30, 2024 5:00 pmTuesday, July 30, 20244 Comments

With Apple’s fiscal Q324 earnings due on August 1st, is worth remembering that traders can behave in strange ways. Sometimes they’ll buy…

Lisa Kudrow’s Apple TV+ series ‘Time Bandits’ with ‘killer cast’ hailed as ‘absolute delight’ by fans

Tuesday, July 30, 2024 4:02 pmTuesday, July 30, 20244 Comments

“Time Bandits,” starring “Friends” alum Lisa Kudrow, is an unpredictable journey through time and space with a ragtag group of thieves…

Here’s the timeline for the rollout of Apple Intelligence features

Tuesday, July 30, 2024 3:01 pmTuesday, July 30, 20242 Comments

Apple’s highly anticipated AI tools won’t be part of the initial iOS 18 release this fall as the company continues its catch-up efforts…

Neuralink rival Synchron’s brain implant lets people control Apple Vision Pro with their minds

Tuesday, July 30, 2024 2:02 pmTuesday, July 30, 20241 Comment

Neurotech company Synchron has made a breakthrough by connecting its brain implant to Apple’s Vision Pro headset. This integration…

watchOS 10.6 delivers Apple Watch bug fixes

Tuesday, July 30, 2024 1:01 pmTuesday, July 30, 20241 Comment

Apple on Monday released watchOS 10.6, the latest update for its Apple Watch operating system. The update focuses on improving…

Apple likely to use LG Display as second OLED vendor for iPhone SE4

Tuesday, July 30, 2024 12:04 pmTuesday, July 30, 2024No Comments

Apple is expected to use LG Display as a secondary vendor for OLED screens on the iPhone SE4 launching next year…

Apple rolls out limited Apple Intelligence with iOS 18.1 dev beta

Tuesday, July 30, 2024 11:02 amTuesday, July 30, 2024No Comments

iPhone users will finally be able to sample a rather limited version of Apple Intelligence as the company begins rolling out a few of…

iOS 17.6 and iPadOS 17.6 include new ‘Catch Up’ feature

Tuesday, July 30, 2024 9:59 amTuesday, July 30, 2024No Comments

Apple on Monday released iOS 17.6 and iPadOS 17.6 which the include new ‘Catch Up’ feature in the TV app alongside important bug fixes…

Apple used Google’s tensor chips to train on-device and cloud-based Apple Intelligence

Tuesday, July 30, 2024 8:55 amTuesday, July 30, 2024No Comments

An Apple research paper published on Monday showed that the company used chips designed by Google rather than industry leader Nvidia…

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