Nasdaq AAPL Apple

It has been a rough year for the stock market but even more so for mega-cap tech stocks. From the start of 2022 through early August, the four largest technology companies lost an average of 14% of their value, including dividends, compared with a decline of 12% for the benchma

A U.S. appeals court on Wednesday affirmed a win for Apple Inc, HTC Corp and ZTE Corp against allegations that imports of their devices infringe wireless-technology patents.

The NASDAQ 100 After Hours Indicator is up 10.71 to 12,282.74. The total After hours volume is currently 172,939,311 shares traded.The following are the most active stocks for the after hours session: KE Holdings Inc (BEKE) is -0.34 at $17.70, with 10,888,193 shares traded. As r

NEW YORK (Reuters Breakingviews) - When returning money to shareholders, companies prefer to buy back stock rather than pay dividends. For good reason: it saves some investors billions of dollars a year in tax. A new 1% levy on share repurchases

Wall Street's main indexes rose on Wednesday as technology and growth stocks rebounded after a three-day slump on rate hike worries, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.

Snap Inc said on Wednesday it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy continue to ravage the advertising industry.

Snap Inc said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company's history, as high inflation, rising interest rates and a deteriorating economy continues to ravage the advertising industry.

U.S. stock indexes were set to open higher on Wednesday as technology and growth stocks rebounded, while weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.

U.S. stock index futures edged higher on Wednesday as technology and growth stocks snapped back, while investors waited for private payrolls data to gauge how fast the Federal Reserve will raise interest rates to tame decades-high inflation.

Taiwanese chip maker TSMC is making "excellent" progress building its new plant in Arizona, the governor of the U.S. state said on Wednesday, going on to praise his state's role in training Taiwanese fighter pilots.

Launched on 11/03/2009, the Schwab U.S. LargeCap ETF (SCHX) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

Launched on 10/13/2020, the Invesco NASDAQ 100 ETF (QQQM) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

Take-Two Interactive's (NASDAQ: TTWO) stock price has cooled off following its 69% rise in calendar 2020. Slower growth in revenue has weighed on the stock this year, and it's down 28% year to date. The stock is not likely going to move higher until growth picks up again.

When it comes to making money on Wall Street, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett should be in a class of his own. Over a 57-year stretch as CEO, he's overseen the creation of almost $640 billion in shareholder value and guided his company's Class A s

Executives at Ireland's large hub of multinational companies are still only going on a small fraction of the foreign business trips they made before the COVID-19 pandemic, the head of the country's largest hotel operator said.

Mark Zuckerberg’s company has been on a wild ride since it decided to change its name from Facebook to Meta Platforms, Inc. META last year.

Taiwanese chip maker TSMC is making "excellent" progress building its new plant in Arizona, the governor of the U.S. state said on Wednesday, going on to praise his state's role in training Taiwanese fighter pilots.

Apple Inc's Chief Privacy Officer Jane Horvath will be leaving the company soon to work at a law firm, Bloomberg News reported on Tuesday citing people familiar with the matter.

Apple (AAPL) fans are getting ready for what is possibly the biggest day in the tech giant’s calendar. Next week (Wednesday, September 7) will see the latest release for Apple’s flagship product – the iPhone 14.

Before anyone has even gotten their hands on the newest version, considering the headwinds at play, Wedbush’s Daniel Ives applauds the fact Apple is actually on time with its product release.

“Hitting this target launch with the supply chain issues and zero Covid shutdown seen earlier this year is another massive achievement for Cook & Co,” said the 5-star analyst. “We believe the initial order for 90 million iPhone 14 units out of the gates has stayed firm and will be roughly flat with iPhone 13 despite the macro storm clouds building.”

Ives reckons around 240 million of Apple’s 1 billion global iPhone userbase haven’t upgraded their handsets in over 3.5 years, so there should be plenty of demand for the new unit.

As for Apple’s expectations, Ives believes the company anticipates the “mix shift” will tilt heavily toward the iPhone Pro and Pro Max, which is good news for ASPs (average selling price).

Although the base iPhone’s price will remain the same, due to the increase in the price of components, in addition to the extra functionality of the latest version, a $100 price hike on the iPhone 14 Pro/Pro Max is likely in store.

So, spec wise, what’s on offer? “Enhanced” camera technology (48- megapixel), and according to Ives, the iPhone 14 Pro models will most probably boast the “innovative” A16 chip as more consumers choose to go Pro. Some storage increases are also expected for both the base iPhone 14 and Pro.

While Ives expects the difficult macro conditions to impact demand, the analyst believes that given the ongoing appeal of Apple products, the “baseline” for 220 million iPhone units in FY23 is most probably a “low bar.”

Down to business, then, what does it all mean for investors? Ives reiterated an Outperform (i.e., Buy) rating, backed by a $220 price target. This suggests shares have room for 34% growth in the year ahead. (To watch Ives’ track record, click here)

The Street’s average target is a more modest $183.12, indicating one-year upside potential of ~15%. However, like Ives, most analysts are backing Apple’s continued success; based on 22 Buys, 4 Holds and 1 Sell, the stock claims a Strong Buy consensus rating. (See Apple stock forecast on TipRanks)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

What happened A broad cross-section of technology stocks dipped on Tuesday, as Wall Street focused on macroeconomic headwinds and the resulting challenges for businesses.