Wire
Apple Unveils Apple Watch Series 12 and Ultra 4 With New Health Sensing System
Apple Unveils Apple Watch Series 12 and Ultra 4 With New Health Sensing System
$AAPL
Apple Inc.
$AAPLNASDAQTechnology
375 stories mentioning Apple Inc.Updated 3d ago
Apple edged higher premarket among Wallstreetbets favorites as the Nasdaq Composite pulled back to a five-week low amid a broad tech selloff.
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Apple Unveils AirPods 5 With 50% More Noise Reduction Than Previous Generation
Apple Unveils AirPods 5 With 50% More Noise Reduction Than Previous Generation
$AAPL
Wire
Apple Says iPhone 18 Pro Starts at $1,199, iPhone 18 Pro Max Starts at $1,299
Apple Says iPhone 18 Pro Starts at $1,199, iPhone 18 Pro Max Starts at $1,299
$AAPL
Wire
Apple Highlights Enhanced Performance of iPhone 18 Pro's A20 Pro Chip
Apple Highlights Enhanced Performance of iPhone 18 Pro's A20 Pro Chip
$AAPL
Wire
Apple Unveils iPhone 18 Pro and iPhone 18 Pro Max
Apple Unveils iPhone 18 Pro and iPhone 18 Pro Max
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Wire
Top Midday Stories: Meta Launches Muse Personal AI Agent; Dow Said to Consider Exiting $20 Billion Chemicals JV With Saudi Aramco
All three major US stock indexes were down in late-morning trading Wednesday, as oil prices climbed, stoking investor fears of rising inflation and a potential corresponding rise in interest rates.The US Treasury Department said Wednesday it will buy back up to $6 billion of longer-dated government debt, triple the amount initially communicated to market participants, according to media reports.In company news, Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares were up 6.3% around midday.Dow (DOW) is considering plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter. Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake, or other strategic or financial investors could place bids for it, the report said, citing the people. Dow shares were down 1.2%.Chewy (CHWY) reported fiscal Q2 adjusted earnings Wednesday of $0.36 per diluted share, up from $0.33 a year earlier and matching the FactSet consensus analyst estimate. Fiscal Q2 net sales were $3.33 billion, up from $310 billion a year ago and above the FactSet consensus of $3.32 billion. An unidentified Chewy executive said on an earnings call with analysts that the company reset its expectations to reflect more cautious consumers earlier this year, and it is "not assuming a meaningful consumer recovery for the balance of this fiscal year," according to a FactSet transcript of the call. Chewy shares were down 9%.Apple (AAPL) is expected to unveil its first foldable phone, potentially called the iPhone Ultra, as well as the iPhone 18 Pro and Pro Max at 1 pm on Wednesday at an event, multiple media outlets reported. Separately, Apple, Alphabet (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, said Lisa Nandy, UK secretary of state for digital, culture, media and sport, Tuesday in a speech to Parliament. Apple shares were down 1.3%, while Alphabet's Class C and Class A shares were down 2.6% and 2.7%, respectively.UnitedHealth Group (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported Wednesday. UnitedHealth shares were down 2.5%, while TPG shares were down 3.4%.Price: $652.46, Change: $+38.98, Percent Change: +6.35%
$AAPL$CHWY$DOW$GOOG$GOOGL$META$UNH
Wire
Update: UK to Require Apple, Google to Block Nude Images on Children's Devices
(Updates to add Apple's comments in the fifth and sixth paragraphs.)Apple (AAPL), Alphabet's (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, Secretary of State for the Department for Digital, Culture, Media and Sports Lisa Nandy said Tuesday.The government plans to introduce the bill "as soon as [it] can," after giving Apple and Google a three-month timeframe in June to adopt device-level protections voluntarily, Nandy said in a speech to Parliament.Both companies have already developed "meaningful changes," but they still "do not meet the scale of [the] crisis," Nandy added.Google was "pleased to have made progress" and "fully committed" to working with lawmakers to keep children safe, a spokesperson toldin an emailed statement.An Apple spokesperson toldthat the company launched its "Communication Safety feature in 2021 to help prevent children from viewing or sharing photos or videos that contain nudity.""We share the UK's commitment to combating exploitation and abuse online, and have shared with UK officials future plans to strengthen Communication Safety and other tools even further to help keep kids safe," the Apple spokesperson said.Price: $317.27, Change: $+1.05, Percent Change: +0.33%
$AAPL$GOOG$GOOGL
Wire
Apple Seen Unveiling First Foldable Phone, iPhone 18 Pro in New CEO's First Major Product Launch Event
Apple's (AAPL) highly anticipated special product event titled "Surprise and shine," slated for 1 pm ET on Wednesday, will introduce the tech giant's newest devices and will most likely include its first foldable phone, potentially called the iPhone Ultra, as well as the iPhone 18 Pro and Pro Max, multiple media outlets reported.The product launch will Apple's first under new chief executive officer John Ternus, who stepped into the role on Sept. 1.Investors will likely assess Ternus' first public presentation in his new role, how the new foldable device's hardware and software experience will be able to spark consumer demand, and how the company will balance higher prices with affordability and profit margins, Morgan Stanley said in a note last week. Rising NAND and DRAM costs are expected to push starting prices for the iPhone 18 Pro and Pro Max up by $200, the investment firm said.Morgan Stanley said it expects "strong" initial demand for the foldable iPhone, with about 6.5 million shipments likely in the December quarter translating into $14 billion in revenue.Other product launches dubbed by media outlets as "most likely" include the Apple Watch Series 12, the Apple Watch Ultra 4, and Airpods 5.Price: $315.92, Change: $-0.31, Percent Change: -0.10%
$AAPL
Asia Markets
Update: US Equity Indexes Fall as Odds for September Fed Rate Increase Jump After Strong Nonfarm Payrolls
(Updates with index/price moves, comments and company/geopolitical news from the first paragraph.)US equity indexes retreated as markets increasingly priced in an interest rate increase as early as this month after the economy added almost triple the number of jobs expected in August.The Nasdaq Composite fell 0.3% to 26,506.99, the S&P 500 slid 0.4% to 7,718.60, and the Dow Jones Industrial Average backtracked 0.5% to 53,414.25 on Friday. All sectors except industrials, technology and utilities fell. Consumer discretionary, communication services and healthcare were among top decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 58% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold."The [Consumer Price Index] for August (next Friday) is likely to be a significant input into the September policy decision," a Macquarie note said. "If this is strong, it will likely solidify a hike this month. In contrast, soft data could lead the [Federal Open Market Committee] to defer a hike to October or December."President Donald Trump called on the Fed to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up 4.3 basis points to 4.38%. The 10-year yield advanced 2.2 basis points to 4.78%.Gold futures dropped 1.3% to $4,480.8, and silver futures declined 1.4% to $66.80.In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 17%, the worst performer on the S&P 500.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported Friday, citing unnamed sources. Shares dropped 2.5%, the Dow's worst performer.US President Donald Trump said he may order strikes on Iran's Pickaxe Mountain, reported to host nuclear facilities, "very soon," Al Jazeera, a Middle Eastern broadcaster, reported.US State Department spokesperson Thomas Pigott said Washington "remains committed" to cutting off Iran's access to the global finance system and preventing Tehran from "threatening" regional stability. The statement comes hours after the Treasury Department added Turkiye's Golden Global Bank to a long list of sanctioned entities it says are working with Iran.The front-month US West Texas Intermediate crude oil contract was little changed at $91.32 per barrel, and global benchmark North Sea Brent rose 0.5% to $96.00 per barrel.
Dow JonesNasdaq CompositeS&P 500$AAPL$LULU
Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor Index climbed 2.6%.In sector news, Abu Dhabi's AI firm G42 has held talks over potentially selling a majority stake to US companies, in a bid to secure access to advanced AI chips beyond 2027, Bloomberg reported. G42 will be able to buy AI chips without a US license until around April 2027, but it will need to modify its corporate structure to keep buying those chips, Bloomberg reported, adding that proposals being considered include selling a majority stake to a US firm or establishing a new vehicle in the US.In corporate news, AI cloud computing firm Nscale is looking to sell up to $1.5 billion of convertible notes to a group of investors ahead of its planned initial public offering, Bloomberg reported. The UK-based company is also trying to secure about $2 billion in financing from Nvidia (NVDA), the report said. Separately, Nvidia has increased its equity investments more than ten-fold in the past year to $99 billion, as of July 26, CNBC reported. Nvidia shares were up 0.7%.United Microelectronics (UMC) shares rose 4% after the company reported sales of 25.04 billion New Taiwan dollars ($790.6 million) in August, up 30.71% from a year earlier.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported. Apple shares were down 2%.Zscaler (ZS) fell 5.4% even as the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook. The company's guidance is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive AI security environment, Oppenheimer said in a note.UiPath (PATH) shares dropped 16% after the software company released its latest quarterly results late Thursday.
$AAPL$NVDA$PATH$UMC$ZS
Sectors
Sector Update: Tech Stocks Gain Friday Afternoon
Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.3%.The Philadelphia Semiconductor Index climbed 2.8%.In sector news, Abu Dhabi's AI firm G42 has held talks over potentially selling a majority stake to US companies, in a bid to secure access to advanced AI chips beyond 2027, Bloomberg reported. G42 will be able to buy AI chips without a US license until around April 2027, but it will need to modify its corporate structure to keep buying those chips, Bloomberg reported, adding that proposals being considered include selling a majority stake to a US firm or establishing a new vehicle in the US.In corporate news, Nvidia (NVDA) has increased its equity investments more than ten-fold in the past year to $99 billion, as of July 26, CNBC reported. The company's equity investments last year totaled $7 billion and about $2.2 billion two years earlier, the report said. Nvidia shares were up 0.9%.DocuSign (DOCU) shares gained 2.7%. The company reported fiscal Q2 non-GAAP net income late Thursday of $1.16 per diluted share, up from $0.92 a year earlier. Analysts polled by FactSet expected $1.09.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported. Apple shares were down 2.2%.
$AAPL$DOCU$NVDA
Asia Markets
Update: US Equity Indexes Fall as September Fed Rate Increase Odds Surge Following Strong Jobs Report
(Updates with index/price moves, economist comments and company/geopolitical news from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up three basis points to 4.36%. The 10-year yield was unchanged at 4.77%.Gold futures dropped 1.4% to $4,478.2, and silver futures declined 1.5% to $66.65.In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported Friday, citing unnamed sources. Shares dropped 2.3%, the Dow's worst performer.US Vice President JD Vance said the US will investigate the strike on an Iranian wedding party in Kuhestak, Al Jazeera, a Middle Eastern broadcaster, reported. The US has changed Tehran's calculations, Iran's first vice president said while warning its response to US attacks will be "asymmetrical" and "multi-layered," according to the news report.The front-month US West Texas Intermediate crude oil contract declined 0.8% to $90.61 per barrel, and global benchmark North Sea Brent slipped 0.1% to $95.41 per barrel.
Dow JonesNasdaq CompositeS&P 500$AAPL$LULU
US Markets
Apple's Foldable iPhone May Contribute $14 Billion to December Quarter Revenue, Morgan Stanley Says
Apple's (AAPL) upcoming debut foldable iPhone could contribute about $14 billion to the company's December quarter revenue, while projected smartphone price hikes are likely to be "a critical test" of the technology giant's pricing power, Morgan Stanley said in a note e-mailed Wednesday.The company is expected to launch its much-anticipated foldable iPhone at its "Surprise and Shine" event scheduled for Sept. 9. This would bring Apple into competition with major rival Samsung in the foldable smartphone space. Apple's new chief executive, John Ternus, will lead the event."This may be Apple's most consequential iPhone launch since iPhone X," Morgan Stanley said in a note to clients. "Apple's first foldable and the largest iPhone price increases in years creates a critical test of pricing power."The brokerage expects about 6.5 million foldable iPhone shipments in the December quarter, translating to roughly $14 billion of revenue, or 16% of total iPhone sales for the period, according to the note."Speaking of supply, our checks continue to point to (7 million to 8 million) foldable iPhone builds in (the second half of 2026) and up to 20 (million) builds over the first-generation product cycle, which essentially doubles the foldable smartphone market in (2027)," Morgan Stanley wrote.Apple and other tech giants are grappling with a global memory chip shortage, which has driven component prices higher. Apple recently increased prices for MacBooks and iPads."Combined with our survey work indicating strong foldable interest among iPhone users, notably in China, we believe the device is likely to sell out quickly given what we expect to be strong initial demand and constrained early supply," Morgan Stanley said.The brokerage continues to expect the starting price of the iPhone 18 Pro and Pro Max to be increased by $200, with potentially larger increases at higher storage tiers, taking into account higher costs of memory chips.While Apple upgrades its iPhone processor every year, the upcoming event will mark its first adoption of Taiwan Semiconductor Manufacturing's (TSM) 2-nanometer process technology, according to the note."Apple needs the iPhone models launched next week to deliver demand closer to in-line with the supply chains view of iPhone builds in (the second half of 2026) and into (the first half of next year)," Morgan Stanley said. "If not, the next three months could be 2022 deja vu."In July, Apple reported strong fiscal third-quarter results amid momentum in iPhone sales, though the company missed estimates for iPad and services revenue.Price: $325.44, Change: $+0.31, Percent Change: +0.09%
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Wire
Apple's iPhone 18 Launch Could Be Most 'Consequential' Since iPhone X, Morgan Stanley Says
Apple's (AAPL) upcoming iPhone 18 launch could be its most "consequential" since the iPhone X, as the company prepares to introduce its first foldable iPhone alongside what could be the largest like-for-like price increases in years, Morgan Stanley said in a note Wednesday.The investment firm said it expects "strong" initial demand for the foldable iPhone, with about 6.5 million shipments likely in the December quarter to potentially generate roughly $14 billion in revenue.The iPhone 18 Pro lineup is expected to adopt Taiwan Semiconductor Manufacturing's (TSM) 2-nanometer process, which could improve on-device artificial intelligence performance and power efficiency, according to the note.Rising NAND and DRAM costs are expected to push starting prices for the iPhone 18 Pro and Pro Max up by $200, though supply-chain checks suggest Apple remains confident in demand, Morgan Stanley said. Component availability, particularly memory supply, could limit near-term builds, the note added.The firm said it leans more positively than negatively on Apple, but noted that further stock upside will depend on strong post-launch sell-through and positive earnings estimate revisions.Morgan Stanley has an overweight rating on Apple, with a price target of $360.Price: $324.56, Change: $-0.57, Percent Change: -0.18%
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Sectors
Sector Update: Tech Stocks Fall Late Afternoon
Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.2%.The Philadelphia Semiconductor index shed 2.2%.In corporate news, GoPro (GPRO) shares surged 42% after the company and optical-photonics company Starman Optical said Tuesday they have signed a definitive merger agreement. Under the terms of the deal, GoPro shareholders will receive $1.14 per share, for a total of $285 million in cash and will retain a stake in the combined company of about 10%.Amazon-backed (AMZN) Anthropic has agreed to a $35 billion computing deal with Nvidia-backed (NVDA) cloud provider Lambda, Bloomberg reported. The project involves a Texas data center being developed by Hut 8 (HUT), with Nvidia holding the lease, the report said. Amazon shares were down 2.2%, and Nvidia was shedding 1.7%.Apple (AAPL) is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported. Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said. Apple shares were up 2.7%.Duolingo (DUOL) shares jumped 7% after Evercore ISI upgraded the stock to outperform from in-line and raised its price target to $210 from $105.
$AAPL$AMZN$DUOL$GPRO$NVDA
Sectors
Sector Update: Tech
Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.2%.The Philadelphia Semiconductor index shed 2.2%.In corporate news, Apple (AAPL) is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported. Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said. Apple shares were up 2.8%.
$AAPL
Wire
Market Chatter: Apple Reshapes Leadership as Maestri Steps Away From Corporate Role
Apple (AAPL) is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported Tuesday, citing people familiar with the situation.Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said.Chief Operating Officer Sabih Khan and services chief Eddy Cue are also taking on larger roles, while former marketing chief Phil Schiller is stepping down from his reduced role and Apple's updated leadership page no longer lists mergers and acquisitions chief Adrian Perica, according to the news outlet.Apple did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $324.70, Change: $+7.84, Percent Change: +2.48%
$AAPL
Wire
Helios Technologies Adds Apple CarPlay, Android Auto to No Roads Platform
Helios Technologies' (HLIO) electronics segment expanded the No Roads platform with Apple's (AAPL) CarPlay and Alphabet's (GOOG, GOOGL) Android Auto capabilities, extending connected digital experiences beyond traditional automobiles, the company said Tuesday.The platform enables compatible original equipment manufacturer displays to provide access to supported smartphone features and applications through an integrated interface, the company said.The expanded platform targets OEMs across marine, powersports, overlanding and specialty vehicle markets, Helios added.Helios Technologies shares were down 2.1% in Tuesday trading.Price: $72.51, Change: $-0.51, Percent Change: -0.70%
$AAPL$GOOG$GOOGL$HLIO
Wire
Stryker Launches Surgical Application for Apple Vision Pro
Stryker (SYK) said Tuesday that the first surgical procedure using SportSuite Vision on Apple's (AAPL) Vision Pro device was completed at Duke Health.SportSuite Vision received De Novo authorization from the US Food and Drug Administration on July 17, Stryker said.Stryker said SportSuite Vision brings digital content into surgeons' visual space, allowing them to see physical objects in the operating room as well as digital tools like arthroscopic images and others.Price: $324.15, Change: $+0.35, Percent Change: +0.11%
$AAPL$SYK
Wire
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.6%.The Philadelphia Semiconductor Index increased 0.5%.In corporate news, Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale AI chips. Nvidia shares were up 1.4%.Apple (AAPL) executive Phil Schiller stepped down from his role overseeing the App Store and Apple product events, Bloomberg reported. Schiller maintains his Apple Fellow title and will be working on unspecified initiatives, the report said. Apple is shifting responsibility for the App Store to the services division run by executive Eddy Cue, the report added. Apple shares were down 1%.Science Applications International (SAIC) raised its fiscal 2027 outlook on Monday as its Q2 results topped Wall Street's expectations amid organic growth. Its shares rose 1%.Arm (ARM) is facing a potential shareholder revolt over its plans to award its Chief Executive Rene Haas an "excessive" bonus of up to $800 million, the Telegraph reported Monday. Advisory firms Institutional Shareholder Services and Glass Lewis have recommended investors to vote against a scheme that would reward the CEO if he turns Arm into Britain's first trillion-dollar company, according to the report. Arm shares were up 1.3%.
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