Strong demand for the iPhone 17 is driving a turnaround for Apple in China. Research firm IDC found that Apple led smartphone shipments in China in October and November.
Stock futures are slightly higher and bitcoin is rising as the market looks to add to yesterday's gains; AI company Anthropic is reportedly considering an initial public offering; Apple is expected to post its best year of iPhone sales thanks to strong demand in China; shares of Marvell Technologies are soaring after the chip company reported strong earnings; and American Eagle stock is surging...
Apple's earnings per share rose by a double-digit rate in fiscal 2025. The iPhone maker's installed base of active devices is a major monetization opportunity for the company.
Apple will ship 247.4 million iPhones in 2025, up just over 6% year-on-year, IDC has forecast. This is higher than its previous record year, 2021, when the iPhone 13 was released.
Apple Inc (NASDAQ:AAPL, XETRA:APC) announced a major change to its AI leadership team with the departure of John Giannandrea, its senior vice president for Machine Learning and AI Strategy. Giannandrea, who spent seven years overseeing the company's AI roadmap, will remain in an advisory role through spring 2026 before retiring.
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