Latest news with #APPL
Bloomberg
a day ago
- Automotive
- Bloomberg
Stock Movers: Apple, Tesla, Wells Fargo
On this episode of Stock Movers: - Apple (APPL) shares fell in premarket trading after Needham & Co cut its recommendation on the iPhone maker to hold from buy. Analyst Laura Martin downgraded the stock on near-term threats to revenue and EPS growth. "For this stock to work, it must have the catalyst of an iPhone replacement cycle, which we do not foresee in the next 12 months,' Martin wrote. - Tesla (TSLA) is also lower this morning as vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges to renew his focus on the automaker. The EV maker shipped 61,662 Model 3 sedans and Model Y sport utility vehicles from its Shanghai plant in May, down 15% from the same time last year, according to preliminary data from China's Passenger Car Association. The group didn't provide a breakdown of domestic sales and exports. - Wells Fargo (WSC) shares are higher this morning as the bank was released from a Federal Reserve asset cap that has restricted its size for over seven years. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.
Yahoo
19-05-2025
- Business
- Yahoo
Apple Inc. (AAPL) Faces AI Roadblock as Competition Heats Up
Apple Inc. (NASDAQ:AAPL) is facing an Artificial Intelligence (AI) dilemma. Although a pioneer of the tech industry, APPL has been struggling with AI integration, which risks undermining its SMART-Phone market dominance. 10 Smartphones with the Best Cameras and Battery Life As per a report on Bloomberg on Sunday, April 16, 2025 (citing people familiar with Apple Inc. (NASDAQ:AAPL) internal processes), the tech giant has experienced turbulence from robotics to next-generation hardware. Apple appointed John Giannandrea, a former senior executive from Google, to lead its AI strategy in 2018. This was considered a turning point for the company, especially noting how Siri had fallen from grace when competing with other voice-activated assistants. Nearly 7 years later and the company is still struggling to keep pace with rivals in generative AI and large language models. In 2024, the company announced the launch of 'Apple Intelligence', but it has not quite lived up to the hype. This has started to raise serious questions about the company's ability to deliver on promises such as smarter writing tools, summarization, and an upgraded Siri. The stock's 12-month return is over 8.5%. While we acknowledge the potential of AAPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AAPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Apple Inc. (AAPL) Faces AI Roadblock as Competition Heats Up
Apple Inc. (NASDAQ:AAPL) is facing an Artificial Intelligence (AI) dilemma. Although a pioneer of the tech industry, APPL has been struggling with AI integration, which risks undermining its SMART-Phone market dominance. 10 Smartphones with the Best Cameras and Battery Life As per a report on Bloomberg on Sunday, April 16, 2025 (citing people familiar with Apple Inc. (NASDAQ:AAPL) internal processes), the tech giant has experienced turbulence from robotics to next-generation hardware. Apple appointed John Giannandrea, a former senior executive from Google, to lead its AI strategy in 2018. This was considered a turning point for the company, especially noting how Siri had fallen from grace when competing with other voice-activated assistants. Nearly 7 years later and the company is still struggling to keep pace with rivals in generative AI and large language models. In 2024, the company announced the launch of 'Apple Intelligence', but it has not quite lived up to the hype. This has started to raise serious questions about the company's ability to deliver on promises such as smarter writing tools, summarization, and an upgraded Siri. The stock's 12-month return is over 8.5%. While we acknowledge the potential of APPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APPL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
16-05-2025
- Business
- New Straits Times
Duopharma shares up in early trade on strong Q1 results
KUALA LUMPUR: Duopharma Biotech Bhd's share price rose on Friday morning following its robust result for the first quarter of financial year 2025 (1Q 2025) due to a surge in insulin supply and improvements in public sector sales. At 10.27 am, the company's shares gained three sen, or 2.33 per cent, to RM1.32 with a total of 3.21 million shares traded. Yesterday, Duopharma reported a higher net profit of RM25.64 million for its 1Q ended March 31, 2025, against RM15.28 million in 1Q 2024, while revenue expanded to RM262.74 million from RM192.97 million previously. In a note, Kenanga Investment Bank Bhd said Duopharma is poised to benefit from a full year of contribution in 2025 from the approved products purchase list (APPL) contracts, further boosting revenue and tilting its sales mix higher toward public sector sales. "We like the company for its business model, encompassing the entire spectrum of the pharmaceutical value chain and dominant local manufacturer of generic drugs in terms of sales volume and value," it said. Meanwhile, RHB Investment Bank Bhd believes that Duopharma's prospects will continue to be underpinned by the recent additional contract win from the Ministry of Health (MOH) for the supply of pharmaceutical products under the APPL contract, with a combined estimated contract value of RM684 million. "A higher budget allocation to MOH, which should boost Duopharma's sales to the public sector, ought to be another positive," it added.
Bloomberg
02-05-2025
- Business
- Bloomberg
Stock Movers: Apple, Block, Duolingo
On this episode of Stock Movers: - Apple (APPL) shares are still lower as investors continue to digest an earnings report that failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China. The company's shares declined as much as 5.2% after markets opened in New York on Friday. Apple had released second-quarter results that included worse-than-expected sales in China. The iPhone maker also warned in the Thursday statement that tariffs will increase costs this quarter, a sign that geopolitical tensions are taking a growing toll on the world's most valuable business. - Block (XYZ) shares sunk as much as 24%, the most since March 2020 after the financial services and digital payments company cut its gross profit guidance for the full year. The Cash App parent company reported results that suggest weakness in the company's efforts to convert millions of active users into full-fledged banking customers. - Duolingo (DUOL) shares are still up after the language-learning software firm reported results that beat expectations. Sales will be $987 million to $996 million this year, the company said in a letter to shareholders, up from its previous view of at most $978.5 million and ahead of analysts' projections for $973.2 million. Subscriptions for its highest-price tier — Duolingo Max — continued to grow in part due to the appeal of its AI-powered video call feature. Daily active users across all tiers jumped 49% to 46.6 million in the period, while the company now counts 10.3 million paying subscribers, slightly ahead of expectations.
