- Apple (AAPL) posted a record June quarter: revenue rose 16% year‑over‑year to $109.42 billion. Traders note strong top-line growth for the quarter.
- Apple (AAPL) guides Q4 2026 revenue up 9–11% YoY, about 1 point below consensus. Management cites FX swings, supply constraints for advanced chips, and stronger AI-driven memory demand.
- KeyBanc cut AAPL to Underweight with $250 target (~19% downside), citing slowing iPhone growth, higher component/memory costs, carrier subsidy risks, supply limits and currency headwinds; Q3 beat.
- Draft tax amendment extends relief to 2041 for foreign suppliers of parts used in electronics manufacturing in India, affecting Apple Inc.’s India supply chain and taxation of its parts.
- Apple (AAPL) sued in UK courts and filed a complaint with the Investigatory Powers Tribunal over the UK Home Office demand for access to encrypted iPhone files and iCloud backups of UK users.
- AAPL: incoming CEO John Ternus added a retired hardware executive from his former hardware engineering team to his new management group, reuniting a previous subordinate, Bloomberg reports.
- Apple (AAPL) acquired Czech firm PlasmaSolve, gaining MatSight plasma-simulation and digital-twin tech. Deal closed via an Apple subsidiary and was noted in trading after AAPL stock dipped.
- Apple briefly pulled Telegram from the App Store over child sexual abuse material found in the app; Telegram removed the content and banned the user, and the app was restored.
- Apple (AAPL) added Laura Legros to its management team in recent executive staffing changes announced by the new CEO; traders may note potential leadership impact on strategy and operations.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.