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Strong cloud results lifted Amazon and chipmakers, while Apple's service revenue shortfall sent its stock lower ahead of Friday's open

Cook, who steps down as CEO on Sept. 1, said Apple's hybrid AI approach is an advantage as rivals rely on massive cloud infrastructure

Everyone knows that interest rates affect stock prices. The Fed’s decision Wednesday to keep overnight rates unchanged sounds like it would have been clearly bullish, but stocks sold off just after Chair Kevin Warsh’s press conference. Also following Warsh’s Q&A, long-term Treasury yields hit a 19-year high.

Apple shares dropped 7.3% before the bell on Friday as the tech giant warned that supply ‌constraints would hurt growth, prompting investors to look beyond near-term shortages to ‌gauge the hit from an expected iPhone price hike. The decline puts Apple on track to shed ​roughly $361.6 billion in market value, if the losses hold. The company's outlook highlighted a broader industry challenge, with AI-driven demand tightening supplies of advanced chips and memory, driving up costs and prolonging supply-chain bottlenecks across the technology sector.

Apple Inc (AAPL) posts a record June quarter with $109.4 billion in revenue, but faces supply constraints and memory cost inflation that pressure September guidance.

The iPhone maker said sever constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

Anyone who has shopped for a new phone, laptop, or VR headset this summer probably noticed something odd. The usual discount that comes with an aging model never showed up. Prices held steady, and in some cases climbed. Apple just did it, and the trend is spreading everywhere. That is backward. A ...

Apple (NASDAQ:AAPL) reported fiscal third-quarter revenue of $109.4 billion, up 16% from a year earlier and a June-quarter record, as double-digit gains in iPhone, Mac and services offset supply constraints and foreign-exchange headwinds. Net income totaled $29.8 billion, while diluted earnings per

Tim Cook delivered his final earnings call as Apple's (AAPL) CEO before passing the baton to incoming CEO John Ternus.

Apple stocks tumbled in late trading after component shortages weighed on the company's sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. It also gave a forecast that is weaker than expected, further hurting the stock in the after market. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman reacts to the mixed earnings report. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio

Apple stock was sharply lower Thursday evening as the iPhone maker wrapped up its fiscal third-quarter earnings call . Apple reported stronger-than-expected earnings results for its June quarter. But Wall Street was more focused on the company's financial outlook, which missed estimates.

During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.

During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.

The company is set to release an upgraded Siri assistant in the fall, and it continues to contend with higher component costs.

Plus, banks are in talks to lend $15 billion for a Google-backed Anthropic data center, and Spider-Man’s youngest fans might help make the new movie a hit.

Tony Wang, T. Rowe Price science and technology equity strategy portfolio manager, reacts to Apple's third-quarter earnings and outlook. He speaks on "Bloomberg The Close."

Apple (AAPL) stock is stumbling in Thursday's after-hours since reporting fiscal third quarter earnings and revenue that topped estimates, carried by strong iPhone sales. New Street Research technology Infrastructure analyst Antoine Chkaiban explains the problem areas that could emerge down the line for Apple tied to the memory chip shortage.

Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street's expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented challenge” for the consumer electronics industry.

Apple (AAPL) released results for its fiscal third quarter, revealing earnings of $2.02 per share (vs. estimates of $1.80) and revenue of $109.42 billion (vs. estimates of $108.85 billion). The stock is ticking lower in Thursday's after-hours trading. Asking for a Trend Host Josh Lipton dives into Apple's earnings figures.

Amazon stock was on the rise, up 4.8%, while Apple stock struggled, falling 1.8%, before both companies released quarterly results. The pair of Magnificent Seven companies are following Microsoft and Meta's earnings prints, which garnered very different stock reactions.

Apple stock is just two days removed from an all-time closing high. Numerous price hikes across Apple products will likely boost revenue and earnings over the next six to 18 months, the firm argues, but these fundamentals appear baked in to the stock. "The tactical setup into earnings is neutral/tougher as it requires zero blemishes across the board," Erik Woodring, an analyst at Morgan Stanley, wrote in a research note last week.

Investors are focused on guidance, AI and tariff-related commentary.

Apple isn't a particularly volatile stock, and that will likely hold true after Thursday's earnings report. The stock hasn't swung by more than four percentage points after earnings since May 2024, even after some stellar results. A year ago, Apple beat estimates for earnings per share by 9.1%, and shares slipped 2.5% in response.

Apple stockholders can use options to help manage their position through earnings.

Here are some themes investors will be looking at when Apple reports earnings this afternoon: Will memory costs take a bite out of profits? Analysts are projecting Apple’s product gross margins will come in at 36.

Apple and Amazon both report on July 30, and they are running opposite playbooks heading into earnings night. Understanding which approach fits your portfolio could change how you position before the bell rings.

The most expensive line in any contract is usually the one that activates when you do nothing at all. Miss a decision date on a gym membership and it renews. Ignore the end of a promotional rate on a credit card and it resets. Let a car lease run past its term and the leasing company starts writing ...

Stocks kicked off Thursday’s trading session higher, reemerging from the carnage of Wednesday’s selloff. The S&P 500 was up 0.9%, while the Nasdaq Composite rose 1.6%. Rosenberg Research’s Dave Rosenberg described the moves as “a weak stock-market bound on shaky ground,” nodding to the major averages’ “precarious technical positions,” yesterday’s rise in bond yields, and oil price spikes.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

Stock Market Today: The Dow Jones index rises Thursday ahead of key inflation data. Meta stock plunges on earnings.