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...In a letter sent on Friday to Apple’s government affairs chief in the UK, the News Media Association, which represents 900 national, regional and local titles, raised concerns about how this would affect...
...Of these, founders from Musicmetric, Emotient, Silk Labs, PullString, CamerAI, Fashwell, Spectral Edge, Inductiv Inc, Vilynx, AI Music and WaveOne all still work at Apple, according to their LinkedIn profiles...
...Apple has come under pressure from investors to unveil new AI features to compete with Microsoft-backed OpenAI and Google, at a time when iPhone sales have been falling....
...Buffett may be waiting for proof that AI can power a new surge in iPhone sales. But take a look at return on invested capital, a metric he is known to be fond of, and Apple appears to be in good shape....
...sales....
...Apple’s shares are rising in pre-market trading, even though the iPhone maker reported lower revenues for the first quarter of the year and a 10 per cent drop in the sales of its flagship phone....
...at a time when iPhone sales are falling....
...Even after the share sales, Berkshire’s 5.9 per cent position in Apple was worth $174bn at year-end, according to a filing with the Securities and Exchange Commission on Wednesday....
...Analysts are hopeful that Apple can boost sales of its smartphones and laptops by unveiling long-anticipated new features, potentially at its developers’ conference in June....
...Nor are we too impressed with the sales growth explanation. Revenues have been flattish at Apple for a while, but the sell-off is recent. Similarly China risk — it’s just not a new story....
...The Wall Street Journal first reported news of the apps’ removal....
...The sales of Apple stock, representing about 1 per cent of its overall holdings in the company, comes only a few years after Buffett in 2021 had lamented his previous decision to sell some of its position...
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
...Tim Cook, Apple’s chief executive, told CNBC that Buffett had told him about the stock sales on Friday. Cook added that it was still “a privilege to have Berkshire as a shareholder”....
...Palantir — known for its ties to government defence and security departments — said its commercial sales outpaced its government revenue in the first quarter and made up 47 per cent of group sales....
...Research, pointing to Apple’s decision to stop disclosing iPhone unit sales in 2018....
...Shares in one of Apple’s US-listed suppliers were set for their biggest one-day drop in more than a decade after a slowdown in 5G and renewable energy markets prompted it to cut its annual outlook....
...Jobless claims: Economists expect that there were 212,000 new applications for unemployment aid last week, up from 207,000 in the previous week....
...But, as New York University’s Alison Taylor wrote in response to our story, the quality of this third-party assurance needs scrutiny too....
...Apple’s ebitda margin last year was 34 per cent. Tesla’s was 9 per cent. So was GM’s. Cutting costs is also a priority for Apple as sales growth slows....
...We enjoyed meeting Unhedged readers at Tuesday’s FT Alphaville pub quiz in New York, where a team from GIC, the Singaporean sovereign wealth fund, brought home gold....
...WisdomTree’s largest shareholder has launched a new attempt to oust its chief executive, pressing for a potential sale of the $107bn asset manager and criticising its recent push into decentralised finance...
...Apple declined further comment. Apple chief executive Tim Cook said during the company’s latest earnings call that it plans to announce new details about its work in AI later this year....
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