Apple is a leading technology company known for designing, manufacturing, and marketing a range of innovative consumer electronics, software, and services. Its flagship products include the iPhone, iPad, and Mac computers, which are widely recognized for their cutting-edge technology and user-friendly interfaces. In addition to hardware, Apple offers a suite of software applications, operating systems, and digital services such as the App Store, iCloud, and Apple Music. The company is also committed to sustainability and privacy, integrating these principles into its products and operations. With a focus on premium quality and seamless integration across its devices, Apple has established a loyal customer base worldwide. Read More
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Apple's $100 billion U.S. manufacturing investment will focus on components, not iPhone assembly, helping preserve profit margins and avoid price hikes, according to Gene Munster.
The Corning investment is part of Apple’s $100 billion boost to its U.S. manufacturing investment announced Wednesday following Cook’s visit to the White House.
Leading cryptocurrencies mirrored the stock rally on Wednesday as investors increased risk appetite in the wake of Apple Inc.‘s (NASDAQ:AAPL) $100 billion investment pledge in the U.S.
Medical lens company STAAR Surgical (NASDAQ:STAA) announced better-than-expected revenue in Q2 CY2025, but sales fell by 55.2% year on year to $44.32 million. Its GAAP loss of $0.34 per share was 49.9% above analysts’ consensus estimates.
General contracting company Tutor Perini (NYSE:TPC) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 21.8% year on year to $1.37 billion. Its non-GAAP profit of $1.41 per share was significantly above analysts’ consensus estimates.
The S&P 500 closed higher, propelled mainly by Apple, while the equal-weight index ended the day essentially unchanged—highlighting the lone standout in an otherwise uneventful session.
Energy recovery device manufacturer Energy Recovery (NASDAQ:ERII) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 3.1% year on year to $28.05 million. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
Mobile app advertising platform AppLovin (NASDAQ: APP) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 16.5% year on year to $1.26 billion. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $1.33 billion at the midpoint, or 1.3% above analysts’ estimates. Its GAAP profit of $2.39 per share was 20.4% above analysts’ consensus estimates.
Ride sharing service Lyft (NASDAQ: LYFT) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 10.6% year on year to $1.59 billion. Its GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.
Audio technology Sonos company (NASDAQ:SONO) beat Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 13.2% year on year to $344.8 million. Its non-GAAP profit of $0.19 per share was 26.7% above analysts’ consensus estimates.
President Trump's tariff policies continue to cast a long shadow over global trade, directly impacting corporate revenues and earnings reports across a multitude of industries. What began as a strategic move to rebalance trade deficits and bolster domestic manufacturing has evolved into a complex web of increased costs, supply chain
The U.S. stock market is currently navigating a turbulent August, characterized by significant volatility and sharp reversals. A confluence of factors, including escalating global trade tensions, weaker-than-expected economic indicators, and a mixed bag of corporate earnings reports, has sent major indices on a rollercoaster ride, leaving investors on edge.
Corning shares are rising in Wednesday's after-hours session after the company announced an expanded partnership with Apple to make precision glass for its products.
The tech-heavy Nasdaq added 252 points on Wednesday, after Apple confirmed it will invest another $100 billion in U.S. manufacturing, putting its total investment at $600 billion.
Apple® and Corning today announced a major expansion of their long-standing partnership to make precision glass for Apple products. Apple is making a new $2.5 billion commitment to produce all of the cover glass for iPhone® and Apple Watch® in Corning’s Harrodsburg, Kentucky, manufacturing facility. This means that 100 percent of the cover glass on iPhone and Apple Watch units sold worldwide will be made in the U.S. for the first time.
Apple® today announced a new $100 billion commitment to America, a significant acceleration of its U.S. investment that now totals $600 billion over the next four years. Today’s announcement includes the ambitious new American Manufacturing Program (AMP), dedicated to bringing even more of Apple’s supply chain and advanced manufacturing to the U.S. Through AMP, Apple will increase its investment across America and incentivize global companies to manufacture even more critical components in the United States.
