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Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by Apple …
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A day after their leaders faced five hours of interrogation in Congress over allegations their power and influence is out of control, four of the biggest American tech companies saw their combined market value swell by $250 billion thanks to earnings that shocked even Wall Street. Shares of Amazon.com Inc., Facebook Inc., Apple Inc. and …
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The work-from-home trend helped Apple boost sales by 11 percent last quarter — and now it’s reducing its stock price by 75 percent to attract new investors. The iPhone maker on Thursday reported earnings per share of $2.58 on revenue of $59.7 billion, beating the Street’s expectations of $2.04 on sales of $52.2 billion. Apple …
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Big Tech will be under the spotlight once again on Wednesday, as the CEOs of the largest companies in the industry will face a grilling before Congress. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google parent company Alphabet CEO Sundar Pichai and Apple chief Tim Cook are scheduled to testify before the House Judiciary Committee’s antitrust …
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Oprah Winfrey has set up an interview series at Apple. “The Oprah Conversation” will debut on the streaming service on July 30. Filmed remotely, the show will feature Winfrey engaging in dialogues with thought leaders and newsmakers from all over the world. In the debut episode, “How to Be an Antiracist,” Winfrey and bestselling author …
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Taylor Swift’s latest album “Folklore” is breaking the Internet. Since dropping last Thursday at midnight, “Folklore” was streamed 80.6 million times on Spotify, breaking the Swedish company’s record for first-day album streams by a female artist, it said. “Folklore” is also the most-streamed pop album on Apple Music in 24 hours with 35.5 million streams, …
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Apple’s “Central Park” animated series is feeling more like a “Hamilton” reunion by the second. Exactly a month after Kristen Bell announced she was stepping away from voicing the mixed-race character Molly, Apple has found her replacement in the form of “Hamilton” alumna and “Umbrella Academy” star Emmy Raver-Lampman. She will become the show’s third …
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The House Judiciary Committee’s antitrust panel could release its report on antitrust allegations against four of the country’s largest tech juggernauts by late summer or early fall, senior committee aides said. The committee has received 1.3 million documents from Apple, Amazon, Facebook and Google thus far as it investigates whether the companies’ business practices hurt …
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Apple has given a series order to “Shining Girls,” a metaphysical thriller based on Lauren Beukes’ 2013 best-selling novel “The Shining Girls,” starring and executive produced by Elisabeth Moss, and executive produced by Leonardo DiCaprio’s Appian Way. MRC Television is the studio. Writer-creator Silka Luisa (“Strange Angel”) will pen the adaptation, executive produce and serve …
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Apple is reportedly delaying a fall launch event for its next batch of iPhones to the “latter half of October.” The tech giant was forced to push back its traditional September keynote address due to production delays caused by the coronavirus, according to a tech blog. Apple is now on track to release its 5G …