|Day's range||67.00 - 67.20|
A new study released by Apple shows its App Store generated more than $1 trillion in sales and billings for developers last year. Yahoo Finance Tech Editor Dan Howley breaks down the report's findings.
CUPERTINO, Calif., May 31, 2023--Apple® today announced the App Store® ecosystem facilitated $1.1 trillion in developer billings and sales in 2022, building on developers’ track record of strong, resilient growth, an independent study by economists from Analysis Group found. The App Store continues to create incredible opportunity for developers around the world, with more than 90 percent of the billings and sales accruing solely to developers and businesses of all sizes — without any commission
India has launched a pilot project to establish itself as an electronics repair hub with certain favourable policy changes, which has already attracted companies like Lenovo and Flex, the country's IT ministry said on Wednesday. The ministry did not elaborate on the policy changes, but Reuters has reported that India plans to relax some of its cumbersome import-export rules and environmental laws to help foreign manufacturers to set up repair hubs in the country. The three-month-long Electronics Repair Services Outsourcing (ERSO) program is India's first formal attempt to capitalise on a $100 billion global industry and follows a push by MAIT, an industry group for IT and electronics manufacturers.
Apple's revenue declined year over year, but that didn't stop the company from rewarding shareholders.
Share repurchase programs are very popular with investors -- especially one of the world's best.
Harvard Business School Professor of Management Practice Willy Shih discusses Apple's ongoing investments into India and breaks down how doing business in the country compares with doing business in China.
A company displaying free cash flow strength has freedom for growth opportunities, can consistently shell out dividends, and wipe out debt easily.
Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
Declines for the Dow Jones Industrials offset gains in the Nasdaq Composite to leave the S&P 500 near the unchanged mark early Tuesday afternoon. You won't find a bigger stock than Apple (NASDAQ: AAPL), as its market capitalization rose to nearly $3 trillion in early 2022. Shares of Apple were higher by between 1% and 2% early Tuesday afternoon.
Mega market cap stocks are eating their indices, distorting their usefulness in some cases as market gauges for investors. The most widely used index in the world is the S&P 500, which is supposed to be a broad barometer of the US stock market but has increasingly been driven by a small number of tech giants. This year, the S&P 500 is up by about 10 per cent but with much of its returns driven by Apple, Microsoft, Amazon, Alphabet, Nvidia, Meta and Tesla.
AI hype is in full bloom in the US stock market. And the biggest names in the market are doing the heavy lifting pushing stocks higher.
If you want to know what Berkshire Hathaway CEO Warren Buffett's favorite stock is, you don't have to look hard to find the answer. Accounting for a staggering 47.5% of Berkshire's equity holdings, Apple (NASDAQ: AAPL) stock has received a stunning vote of confidence from the Oracle of Omaha. Thanks to its incredibly successful smartphone business, other successful hardware, and high-margin software-and-services business, Apple frequently ranks as the world's most profitable company, and it has seen incredible stock performance over the last decade.
Berkshire Hathaway CEO Warren Buffett might not be the first name you think of when it comes to cutting edge artificial-intelligence (AI) investments. If you're interested in owning AI stocks that have the Berkshire Hathaway seal of approval, read on to see why two Motley Fool contributors believe investing in Snowflake (NYSE: SNOW) and Apple (NASDAQ: AAPL) would be smart moves. Keith Noonan: Snowflake is a provider of big-data analytics tools that have been built from the ground up to power the evolution of machine-learning and AI applications.
Apple, Chevron, Accenture, Broadcom and Stryker are included in this Analyst Blog.
Apple's launch of a new mixed-reality headset could be a catalyst for metaverse cryptos such as Decentraland and The Sandbox.
India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple and Xiaomi, but the country still lacks an industry for repair outsourcing which is estimated to be worth $100 billion globally and currently dominated by China and Malaysia. Following a push by an industry group for IT and electronics manufacturers, MAIT, the Indian government will test changes to lower the time required for necessary approvals for imports and exports to a day from as much as 10 days.
Artificial intelligence (AI) is hot right now. My prediction is that six AI stocks will be worth a combined $20 trillion or more by 2030. It's no coincidence that 6 out of the 7 biggest stocks based on market cap that trade on U.S. exchanges have a major focus on AI.
A range of geopolitical factors are pushing tech giants to relocate their operations from China. Here’s a closer look at the strategy behind Samsung’s and Apple’s manufacturing moves outside of China. Photo illustration: Amber Bragdon
Nvidia debuted a host of new AI technologies on Monday, as the chip giant's stock price soared on a positive second quarter outlook.
Warren Buffett has long advocated dividend stocks. Buffett's affinity for dividend stocks reflects his preference for companies that exhibit strong fundamentals, generate consistent profits, and distribute a portion of their earnings to shareholders. Here are three stocks that make up roughly 58% of Berkshire's portfolio and could provide you with a lifetime of passive income.
There aren't many people that can captivate the attention of new and tenured investors quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since taking over as CEO of Berkshire in 1965, he's doubled up the average annualized total return, including dividends paid, of the broad-based S&P 500 (19.8% vs. 9.9%). Books can be, and have been, written about Warren Buffett's not-so-secret formula for success.
Finally, technology giant Apple became the world's first $1 trillion company in 2018. Apple has since been joined by Microsoft, Amazon, and Google parent Alphabet in the $1 trillion club. Nvidia (NASDAQ: NVDA) is the world's leading producer of advanced semiconductors, especially those designed to power new technologies like artificial intelligence (AI).
Investors with $1,000 in investable cash should consider buying these two high-flying stocks that seem set for more upside.