Apple on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight’s spectacular stock surge since introducing the iPhone in 2007. Apple’s shares have climbed around 5,800 percent since co-founder and former Chief Executive Steve Jobs unveiled the first iPhone…
Apple’s $3 Trillion Market Value Follows 5,800 Percent Gain Since iPhone Debut
Apple Becomes First Company to Hit $3 Trillion Market Value
Apple Inc. on Monday became the first company in the world to hit $3 trillion in market capitalization, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse. On the first day of trading in 2022, the company’s shares rose to…
Apple Closes String of New York City Stores to Walk-In Customers Amid Surge in COVID-19 Cases
Apple has closed a string of stores to in-store shopping for customers in New York City amid an increase in COVID-19 cases. The company has closed major stores across New York, with Upper West Side, Upper East Side, West 14th Street, Staten Island, and Bronx locations to shoppers, as well as those in Huntington Station and Manhasset. Apple’s…
Apple’s App Store Broke Competition Laws, Dutch Watchdog Says
December 25, 2021
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The Netherlands’ top competition regulator on Friday said Apple Inc. broke the country’s competition laws and ordered changes to the iPhone maker’s App Store payment policies. Apple’s practice of requiring app developers to use its in-app payment system and pay commissions of 15 percent to 30 percent on digital goods purchases has come under scrutiny…
Spread Cheer Into the New Year With Homemade Wassail
You’ve undoubtedly heard the “Wassail Song,” or “Here We Come A-wassailing,” which seems to be on replay throughout all of December. “Love and joy come to you, / And to you your wassail too,” begins the refrain. With verses that celebrate food, drink, generosity, and merriment, it’s a cheerful tune intended to bring blessings to…
Moody’s Upgrades Apple
Moody’s Investors Service upgraded Apple Inc.’s senior unsecured rating to Aaa from Aa1 and affirmed its Prime-1 rating for commercial paper. The ratings outlook is stable. Moody’s analyst Raj Joshi said. “The upgrade of Apple’s rating to Aaa reflects the company’s exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to…
Apple Faces iPhone Production Disruption Again in India—This Time Over Food Poisoning
Food poisoning at a factory in India that manufactures Apple Inc.’s iPhones reportedly led to protests and subsequent detention of 70 women and 22 men. What Happened Over the week, an outbreak of “acute diarrhoeal disease” among employees of an iPhone factory run by Hon Hai Precision Industry Co. Ltd., better known as Foxconn, on the…
Is a ‘Giant iPad’ What Apple Needs to Not Be a ‘Laggard’ in the Home Market?
A giant iPad may be the key to people’s homes for Apple Inc., according to tech journalist Mark Gurman. What Happened: Gurman noted that the Tim Cook-led company has been “a laggard” in the home market and is behind rivals Amazon.com Inc. and Alphabet Inc. Apple has cornered just 5 percent of the smart speaker market,…
Apple Delays Office Return Indefinitely
Apple Inc. has once again delayed its return to in-person work, this time pushing back from a previous office-return date of Feb. 1 to “a date yet to be confirmed,” as attested to by an internal company memo from CEO Tim Cook. This delay occurs just weeks after November’s announcement of the Feb. 1 date,…
Apple App Store Analysis: McDonald’s Passes DoorDash, Walmart, and Disney
McDonald’s Corp.’s stock has been trending higher during the month of November and the company’s app is moving up with it. The fast-food app began the month ranked 45th, but has since seen download volume and usage surge. The McDonald’s app is ranked 18th in the “Top Free Apps” category in Apple Inc’s app store as…
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