Softness in mobile gaming and Apple’s changes to the App Store business model in some countries impacted the performance of the App Store, Apple CFO Kevan Parekh said during today’s earnings call. Apple’s services revenue was $30.7 billion, a 12%…
Apple is planning to let users pay to increase their AI limits, with upgrade possibilities available through iCloud+. During today’s earnings call for the third fiscal quarter of 2026, Apple CEO Tim Cook said it’s early, but the company expects…
Apple didn’t want to raise its prices but was forced to do so because of exponential increases in memory costs, Apple CEO Tim Cook said today during the company’s Q3 2026 earnings call. Apple increased prices for Macs and iPads…
Apple may allow users to pay to increase their AI usage limits. During an earnings call on Thursday, Apple CEO Tim Cook said that he believes people will want to use Apple Intelligence and the upcoming Siri AI “a lot,”…
Apple CEO Tim Cook today confirmed that today’s call was his last as CEO, with John Ternus set to become Apple’s new CEO on September 1. Cook will transition to a new role as executive chairman when Ternus becomes CEO.…
Asha Sharma. | Image: The Verge, Microsoft After a massive Xbox “reset” that laid off thousands of employees and spun off four studios, Xbox CEO Asha Sharma wants to get Xbox back to growth. In a memo obtained by The…
Apple is expecting supply constraints to have a much bigger impact on revenue during the September quarter, Apple CEO Tim Cook said today during Apple’s earnings call for the third quarter of 2026. Supply constraints will impact the iPhone, iPad,…
Apple’s iPhone and Mac sales are on the rise even as a global memory shortage squeezes device makers. In its third-quarter earnings report released on Thursday, Apple revealed that iPhone sales jumped 22 percent to $54.25 billion and Mac sales…
Neither artificial nor intelligent. I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it…
Apple today announced financial results for its third fiscal quarter of 2026, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $109.4 billion and net quarterly profit of $29.8 billion, or $2.02…