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.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
COMMENTS