Wednesday, January 3, 2024

Apple Sheds $100 Billion in Market Cap as Barclays Predicts 'Lacklustre' iPhone 16: Report

Apple shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Apple in China such as...

from Gadgets 360

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Musk Says xAI to Take Legal Action Against Apple Over App Store Rankings

Elon Musk accused the Apple of breaching antitrust regulations in managing the App Store rankings and said that his artificial intelligence ...