Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
On May 7, 2024, Apple Inc. (NASDAQ:AAPL) announced the launch of its latest iPad models: the iPad Pro equipped with the powerful M4 chip and OLED displays, and the iPad Air now featuring the M2 chip. These introductions mark the first update to the iPad lineup since October 2022, signaling a significant step in Apple’s product evolution, and are expected to improve the revenue mix and drive growth going forward, according to Goldman Sachs. Key Insights from the New iPad Launch Goldman Sachs equi
Apple's iPhone shipments in China increased by 12% in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government. Shipments of foreign-branded phones in China increased by 12% in March to 3.75 million units from 3.35 million a year earlier,data from the China Academy of Information and Communications Technology (CAICT) published on Wednesday showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market.