New York Times (January 28)
“Stock futures are looking up after Monday’s markets blood bath, as investors take stock of what the Chinese start-up DeepSeek really means for the artificial intelligence business.” Many questions remain, but “the emerging consensus is that DeepSeek… has upended the race for A.I. supremacy. Apple and Meta might end up being better positioned than initially thought, while Nvidia might not be in a disastrous position.”
Tags: AI, Apple, Blood bath, Consensus, DeepSeek, Investors, Markets, Meta, Nvidia, Start-up, Stock futures, Supremacy, Upended
Fortune (March 23)
“Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring Beijing’s challenges to spur its economy. It also has to contend with a steadily accelerating outflow of manufacturing as Apple and other American brands begin to position new capacity in countries from India to Southeast Asia to mitigate risks from US-China tensions.”
Tags: 1990s, Accelerating, Apple, Beijing, Brands, Capacity, Challenges, China, Economy, FDI, India, Investment, Manufacturing, Mitigate, Outflow, Risks, U.S.
New York Times (September 7)
“Shares in Apple, the world’s most valuable public company, continued to tumble on Thursday” amid reports of a China “ban on iPhones for government workers.” Apple looks poised “to lose $200 billion of market value, with shares falling about 6 percent over two days to roughly $175.” Ultimately, however, “the ripples will be felt more broadly: If one of the most successful operators in the world’s second-largest economy is at risk, can any Western company thrive there?”
Tags: $200 billion, Apple, Ban, China, Economy, Government workers, iPhones, Market value, Ripples, Risk, Shares, Successful, Thrive, Tumble, Valuable, Western company
The Week (October 8)
“Alarm is rising over a global slowdown that’s testing even Apple’s invincibility… In September, Apple was so bullish about its sales projections for the new iPhone 14 that it told suppliers to bump production by roughly 7 percent.” Within just a few weeks, Apple backtracked. “If Apple is struggling to gauge consumer sentiment, that doesn’t bode well for other companies.
Tags: Alarm, Apple, Backtracked, Bullish, Consumer sentiment, Gauge, Global slowdown, Invincibility, iPhone 14, Production, Sales projections, September, Struggling, Suppliers
Financial Times (February 28)
Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, “is voting against Apple’s pay policies, including $99mn in salary and bonuses for chief executive Tim Cook, part of a growing shareholder backlash against remuneration at the tech giant.” The funds rationale includes the belief that “a substantial part of annual pay should be provided in shares that are locked in for five to 10 years.”
Tags: Apple, Backlash, Bonuses, Cook, Fund, Norway, Pay policies, Remuneration, Salary, Shareholder, Sovereign wealth, Tech, Voting
Financial Times (January 8)
With a $3 trillion valuation, Apple “is worth more than the entire FTSE 100 index—highlighting the malaise of what was long one of the world’s leading stock markets.” In a decade and a half, the LSE’s “share of global equity values has fallen from 8.5 per cent to 3.6 per cent.”
Tags: $3 trillion, Apple, Fallen, FTSE 100, Global equity values, Leading, LSE, Malaise, Stock markets, Valuation
Financial Times (December 23)
In a “win for activists that signals trouble for other US companies,” the SEC “has rejected Apple’s petition to block three shareholder proposals from going to a vote at its next annual meeting…. Last month, the regulator changed its policies to make it harder for companies to win regulatory support to reject investor petitions.”
Tags: Activists, AGM, Apple, Investor, Petition, Petitions, Policies, Regulator, Reject, SEC, Shareholder proposals, Signals, Trouble, Vote, Win
Reuters (December 13)
Apple “rose about 11% last week, extending its more than 30% gain for the year as investors remain confident that flush consumers will continue to pay top dollar” for its products.” The company’s “market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company.”
Tags: $3 trillion, Apple, Confident, Consumers, Extending, Gain, Investors, Market value, Stunning
Barron’s (August 19)
“Apple is the first U.S. company to achieve a valuation of $2 trillion,” a valuation that Saudi Aramco has also achieved. There are three other “stocks with a valuation above $1 trillion.” Amazon.com and Microsoft are each about $1.6 trillion with Alphabet trailing at $1.0 trillion. “Facebook (FB) is the next-closest U.S. stock to the 13-digit level, with a valuation of $748.1 billion.”
Wall Street Journal (January 15)
Encryption and security protections “have significant social and public benefits.” These are becoming “more important as individuals store and transmit more personal information on their phones—including bank accounts and health records—amid increasing cyber-espionage.” The U.S. Attorney General wants Apple to provide law enforcement with a backdoor. It won’t and it shouldn’t. “Any special key that Apple created for the U.S. government to unlock iPhones would also be exploitable by bad actors.”
Tags: Apple, Backdoor, Bad actors, Bank accounts, Benefits, Cyber-espionage, Encryption, Exploitable, Health records, Law enforcement, Personal information, Phones, Security, U.S., Unlock