Tim Cook

Can Beethoven, Bach and Mozart help iPhone sales in China? Apple to launch classical music app on mainland amid sluggish demand for its flagship product

by

Apple will soon make its classical music app available in mainland China, expanding the US tech giant’s digital services offering in the world’s largest smartphone market where sales of the iPhone are seeing a deepening decline. The Apple Music Classical app, which was launched in most markets globally in March last year, will make its … Read more

Apple shares slip on report US government preparing antitrust lawsuit

by

Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023. Anna Moneymaker | Getty Images Apple shares slid less than 1% on Friday after The New York Times reported that the … Read more

Apple stock slips after Barclays downgrade

by

Apple shares slipped 4% on Tuesday, after Barclays downgraded the stock to underweight and slightly trimmed its price target from $161 to $160. Barclays analyst Tim Long wrote in a note to clients Tuesday that the iPhone 15’s current “lackluster” sales, specifically in China, presaged similarly weak iPhone 16 sales — weakness that Long expects … Read more

Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron

by

Apple’s key Chinese manufacturing partner Luxshare Precision Industry Co is set to gain control of an iPhone assembly site run by a Taiwanese rival, as the US tech giant fosters ties with mainland China-based suppliers to improve relations with Beijing. Luxshare is set to buy a 62.5 per cent stake in Pegatron Corp’s unit in … Read more

Apple executives Johny Srouji and John Ternus on its chip business

by

In November, CNBC visited Apple’s campus in Cupertino, California, to get a look inside one of the company’s many chip labs. CNBC also got a rare chance to talk with the senior vice president of hardware technologies, Johny Srouji, and Apple’s senior vice president of hardware engineering, John Ternus, about the company’s push into the … Read more