Shares of the largest U.S. company by market value rose 2% after Apple exceeded Wall Street’s expectations for revenue and profit for the April 1 quarter.
Cook's compensation for the last fiscal was $99.4 million, while for 2023, his compensation target was set at $49 million, more than 40% lower than his 2022 pay.
The iPhone maker has been working to limit its reliance on other chipmakers, having moved to its own line of chips for recent models of its Mac computers, replacing those from Intel Corp.
With its fortress balance sheet of roughly $190 bn in cash, Apple can withstand almost any grim economic scenario. But valuation and fundamentals eventually will matter again.
The Foxconn factory, located in Sriperumbudur on the outskirts of Chennai, was shut down after worker protests and will resume operations once 'necessary improvements' are made.
Apple's plans include devices fitted with processors that run faster than current M1 chips, improved connectivity to external devices, and could see a release as early as this summer.
The Facebook CEO criticised Apple’s iMessage, suggesting it offered weaker privacy than WhatsApp, & implied iMessage’s market dominance was due to unfair advantages provided by Apple.
Release 16 of the 3GPP standards or 5G Phase 2, is focused on technologies that will benefit non-smartphone applications, including vehicle communications, factory connectivity etc.
Apple started testing the program with a small number of stores when locations started re-opening after closing down earlier this year due to Covid-19.
Like China, India remains a big domestic market, which will continue to attract investment, but the US tariffs will make India unattractive for future investments.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Contrary to claims regarding implementation of theaterisation, ThePrint first reported on 17 June 2021 that it will be delayed. Now, ACM Singh bats for different structure.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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