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India proposes extending tax breaks for contract manufacturing in a boost for Apple
Reuters10d agoneutral
India proposes extending tax breaks for contract manufacturing in a boost for Apple

India has proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, handing a major win to Apple which had lobbied for such changes, and is ‌fast expanding in the market. India has been a key market for Apple as it diversifies iPhone manufacturing beyond China, ‌and the South Asian nation is set to make 26% of the world's iPhones in 2026, up from 6% four years ago, according to Counterpoint Research. According to ​a draft of the proposed tax amendments seen by Reuters, "to provide (tax) certainty" the government has extended tax breaks until March 31, 2041 to foreign companies that provide equipment to their contract manufacturers in India.

Morgan Stanley sends cautious Apple stock message after earnings
TheStreet10d agoneutral
Morgan Stanley sends cautious Apple stock message after earnings

Apple's earnings reminded investors that the company is not immune to the challenges of the AI race. Shares of Apple (AAPL) tumbled 7.35% on July 31, even after the company beat Wall Street's expectations for both earnings and revenue for the fiscal third quarter. Apple reported adjusted earnings ...

Bank of America doubles down on Apple stock for rest of 2026
TheStreet10d agoneutral
Bank of America doubles down on Apple stock for rest of 2026

Apple's June quarter produced numbers that looked solid on the surface but left investors with a question: Was September quarter guidance conservative, or was the business actually slowing? Bank of America published its answer on July 30. The firm says investors are misreading the results and that ...

Apple’s record iPhone boom just became a Wall Street trap
TheStreet11d agoneutral
Apple’s record iPhone boom just became a Wall Street trap

Apple (AAPL) reported the type of quarter that should have sent its stock price skyrocketing. Revenue rose 16% from a year earlier to $109 billion, while profit increased 26% to $29 billion. iPhone sales jumped 22%, Mac revenue climbed 25%, and the iPhone 17 produced the biggest product launch in ...

Apple CEO sends strong warning on AI and price of Apple products
TheStreet11d agoneutral
Apple CEO sends strong warning on AI and price of Apple products

Tim Cook spent part of July 30 thanking Apple shareholders at the end of what he confirmed would be his last earnings call as CEO. John Ternus takes over Sept. 1, and Cook moves to executive chairman. The farewell was warm. The statement that followed was not. Cook described Apple's memory cost ...