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Apple Finally Feels the Effects of the Global Chip Shortage

Mark Gurman, Bloomberg News Employees wear protective masks as they walk past signage displayed in the window of the Apple Inc. flagship store in Sydney, Australia, on Friday, Sept. 18, 2020. Apple s annual Fall product blitz included new Apple Watches and an upgraded iPad Air. Later this year, the company is expected to unveil several new 5G iPhones. Photographer: David Gray/Bloomberg , Bloomberg (Bloomberg) Apple Inc.’s latest quarter was a blockbuster, with soaring revenue, record Mac sales, and stronger-than-anticipated iPhone demand. There was only one major snag: The global chip shortage is finally catching up to the company. On a call with analysts, Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri warned that supply constraints are crimping sales of iPads and Macs, two products that performed especially well during pandemic lockdowns. Maestri said this will knock $3 billion to $4 billion of

Apple Pledges $1 Billion for New North Carolina Engineering Hub

Apple Pledges $1 Billion for New North Carolina Engineering Hub Apr 27 2021, 2:37 AM April 27 2021, 1:33 AM April 27 2021, 2:37 AM (Bloomberg) Apple Inc. said it will open an engineering hub in North Carolina, marking its first major campus on the U.S. East Coast as part of an increased commitment to investing domestically. (Bloomberg) Apple Inc. said it will open an engineering hub in North Carolina, marking its first major campus on the U.S. East Coast as part of an increased commitment to investing domestically. The Cupertino, California-based technology giant said Monday it will spend $1 billion in the area around Raleigh Durham and Chapel Hill, known as the Research Triangle and home to other big companies that have a significant presence there including IBM, Cisco Systems Inc. and GlaxoSmithKline Plc. Apple said it will create 3,000 jobs at the new site in machine learning, artificial intelligence and software engineering.

Apple Ups U S Investments Over Five Years to $430 Billion

Apple Ups U.S. Investments Over Five Years to $430 Billion Bloomberg 35 mins ago Molly Schuetz © Bloomberg The Apple Park campus stands in this aerial photograph taken above Cupertino, California, U.S., on Wednesday, Oct. 23, 2019. Apple Inc. will report its fourth-quarter results next week, and based on the average analyst price target for the stock, Wall Street is feeling increasingly optimistic about the iPhone maker s prospects. (Bloomberg) Apple Inc. is increasing its U.S. investments by 20% over the next five years, allocating $430 billion to develop next-generation silicon and spur 5G wireless innovation across nine U.S. states, after outstripping its growth expectations during the pandemic.

Apple to Launch Program for Employees to Get Covid-19 Shots

Apple to Launch Program for Employees to Get Covid-19 Shots Mark Gurman, Bloomberg News The Apple Park campus stands in this aerial photograph taken above Cupertino, California, U.S., on Wednesday, Oct. 23, 2019. Apple Inc. will report its fourth-quarter results next week, and based on the average analyst price target for the stock, Wall Street is feeling increasingly optimistic about the iPhone maker s prospects. Photographer: Sam Hall/Bloomberg , Photographer: Sam Hall/Bloomberg (Bloomberg) Apple Inc. is launching a program to help employees get vaccinated against Covid-19, according to people with knowledge of the matter. The company is working with Walgreens Boots Alliance Inc. to give workers the shots at Apple offices. The Cupertino, California-based technology giant is rolling out a website for staff to sign up for appointments. The company previously told staff that, as a private company, it didn’t have access to

Apple, Google Face Bipartisan Antitrust Grilling Over Apps

Apple, Google Face Bipartisan Antitrust Grilling Over Apps Bloomberg 2 hrs ago © Photographer: picture alliance/picture alliance The App Store logo. (Bloomberg) Apple Inc. and Alphabet Inc.’s Google will come under close antitrust scrutiny Wednesday from lawmakers concerned about the way both companies run the marketplaces that give consumers around the world access to millions of apps on handheld devices. Senators Amy Klobuchar of Minnesota and Mike Lee of Utah, the chair and ranking Republican on the Judiciary Committee’s antitrust subcommittee, are leading the panel’s inquiry into potential anticompetitive practices in Apple’s App Store and in Google Play.

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