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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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Apple shares neared record levels on Monday as an analyst predicted the iPhone maker could become the world’s first $2 trillion company as soon as next year. The upcoming launch of its 5G iPhones at the end of 2020 will position the Cupertino, Calif. tech giant to take advantage of “continued demand snapback in China” …
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Apple Chief Executive Tim Cook said on Thursday the iPhone maker will increase spending with black-owned partners in its supply chain and seek to increase minority representation among the firms it does business with. Cook made the remarks in a video posted to Twitter announcing a $100 million racial equity and justice initiative in the …
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Apple CEO Tim Cook has published an open letter decrying the police killing of George Floyd and the “much longer history of racism” that preceded it. The letter, which appeared on Apple’s website Thursday, is largely identical to the memo Cook sent Apple employees Sunday addressing Floyd’s death and the protests that have followed. “George …
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Apple CEO Tim Cook condemned the “senseless” police killing of George Floyd in a note to employees announcing that the tech giant would donate money in response to the incident. In the Sunday memo, Cook cast Floyd’s death as the latest manifestation of systemic racism that has affected even his own staff. Just 9 percent …
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Apple has started making protective face shields for health workers on the front lines of the coronavirus pandemic. The tech giant plans to ship more than 1 million see-through shields each week through a “company-wide effort,” CEO Tim Cook said. The first batch was delivered last week to Kaiser hospital facilities in California’s Santa Clara …
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 …
