U.S. stock markets closed mixed on Tuesday following mixed economic data. However, market participants remained extremely cautious regarding the Fed’s rigorous interest rate hike decision. The threat of a near-term recession has unnerved investors. The Dow and the S&P
(RTTNews) - iPhone maker Apple, Inc. has shelved its plans to boost production of the recently launched iPhone 14 line up after seeing a lower than anticipated demand for the highly popular smartphones, according to a Bloomberg report.
The NASDAQ 100 Pre-Market Indicator is down -17.62 to 11,254.13. The total Pre-Market volume is currently 62,530,640 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.3212 at $20.72, with 15,553,991 shares trad
U.S. stock index futures fell on Wednesday led by Apple after it dropped plans to boost production of its new iPhones, but a pullback in benchmark Treasury yields from multi-year highs limited the decline.
Futures tracking Canada's main stock index fell on Wednesday, pointing to a seventh straight session in the red, as investors fretted about surging borrowing costs from aggressive policy tightening by central banks globally to curb inflation.
Russia's communications regulator on Wednesday demanded an explanation from Apple after applications operated by the Russian state-controlled tech firm VK were removed from the U.S. firm's App Store.
The Dow Jones Industrial Average and the S&P 500 are down over 20% from their highs -- a drawdown that signals both indices are officially in a bear market. But the Nasdaq Composite is in a league of its own. The tech-heavy index is down a painful 33% from its all-time high -
Apple Inc shares fell 4% in premarket trading on Wednesday and piled pressure on other growth stocks following a report that the tech giant was dropping its plans to boost production of the latest model of its flagship iPhone.
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Sales of 5G smartphones are taking off in India. That growth might explain why Apple (NASDAQ: AAPL) is focusing more on a market that has been a negligible contributor to the company's top line so far.
The Metaverse is a shared virtual 3D world, or worlds, that are interactive and collaborative. It is facilitated by the use of virtual and augmented reality. The concept became extremely popular in 2021 particularly since Facebook rebranded itself as Meta Platforms.
Japan's Nikkei share average ended at a near three-month low on Wednesday, amid worsening recession fears hitting Wall Street overnight, while a media report that Apple dropped plans of producing more iPhones also weighed on sentiment.
Taiwan's ASE Technology Holding Co Ltd, one of the world's largest semiconductor testing and packaging firms, said on Wednesday that it would build a more advanced smart factory, as the industry continues to grapple with a labour shortage.
U.S. business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent "obscene and racist" notifications to Apple users via the iPhone maker's Apple News service.
Japan's Nikkei fell on Wednesday to its lowest in nearly three months, as recession fears grew after Wall Street stocks sank deeper into a bear market and following a report that Apple dropped plans for more iPhones.
Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter.
U.S. business and media publication Fast Company's Apple News account was hacked on Tuesday evening, the company said, prompting it to shut down the website.
South Korean shares fell on Wednesday, tracking overnight Wall Street weakness, as U.S. monetary policy tightening worries and the dollar's strength weighed on sentiment. The won weakened, while the benchmark bond yield jumped.
Apple Inc is dropping plans to increase the production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday.