Apple shareholders can attend the annual shareholder meeting on February 28 at 12 p.m. ET to vote and submit questions. Apple's shareholder meeting is on February 28 Annual shareholder meetings are held to vote on matters presented by shareholders and discuss the company's previous year and how future goals are being met. The news of 2024's meeting arrived just after Apple announced board members Al Gore and James Bell are retiring. Apple announced its annual shareholder meeting via an SEC filing. Apple CEO Tim Cook shared a letter to shareholders discussing the upcoming meeting. "It's b ..read more

As Al Gore and James Bell reach the Apple Board of Directors retirement age of 75, Dr. Wanda Austin joins the board. Apple Park Apple's board of directors has been filled with some of the most prominent names in business and culture in recent history. As a rule of thumb, board members must retire at age 75, which has led to the latest departures. Former Vice President Al Gore and former CFO and Corporate President of The Boeing Company James Bell are not eligible for re-election to Apple's board of directors in 2024. However, with their departure comes a new arrival in former president an ..read more

In intraday trading on Thursday, Apple was usurped as the most valuable company in the US for about two hours, with Microsoft temporarily taking the crown more than two years after the last time it happened. Credit: Microsoft The cross-over happened at about 9:50 AM ET, shortly after the market opened, and reversed itself around 11:10 AM ET. Apple has been hit by a few downgrades to its stock in the last few days, and Microsoft has seen the opposite. Trading has been slightly above-average overall on Thursday, with the NASDQ down by about a half-percent. Apple's stock has been hit by abou ..read more

According to an analyst note, the PC market has seen eight consecutive quarters of year-over-year shipment decline, with Apple holding on to its approximate 9% market share. Mac Studio Apple's Mac sales have been variable based on new product releases, leading to a tough compare in Q4 2023. The overall PC market, however, has seen a more consistent year-over-year percent decline, though it's recovering. According to a J.P. Morgan note seen by AppleInsider based on IDC data, the PC market is still in decline with an atypical quarter-over-quarter drop for Q3 to Q4 2023. This decline shouldn ..read more

Apple has officially announced that its first quarter 2024 earnings call, covering the holiday period, will be held February 1, 2024. Apple Park The holiday quarter is Apple's most lucrative, with new iPhone sales amplified by the gift-giving season. The financial results for the period from October to December 2023 will be published, followed by a conference call with CEO Tim Cook and CFO Luca Maestri. Apple shared the earnings call will occur on February 1, at 5 p.m. Eastern via its Investor Relations portal. The earnings call will discuss information from the earnings report, forward l ..read more

Apple's shares have taken a big hit in 2024, with sentiment surrounding the iPhone 15 down compared to the iPhone 14 and iPhone 13 perhaps playing a part of it. iPhone 15 Apple's start to 2024 hasn't been great for its shares, with a 6% drop in the first week, notes J.P. Morgan in a Monday note seen by AppleInsider. This reduction is apparently down to "building pessimism around a lack of momentum in iPhone sales." Sentiment for the iPhone 15 is "a bit worse" than the iPhone 14 and iPhone 13, reckons the analysts, with the blame leveled at a re-emergence of Huawei in the important China m ..read more

Apple's iPhone sales in China will probably worsen throughout 2024, according to Jefferies analysts, with a double-digit decline forecast for sales in the country. Futian District, Shenzhen Despite the opinion of some analysts that Apple's being "resilient" in China, the company's sales have still taken a knock. If analysts from Jefferies are to be believed, the downturn may continue further. According to a note released by Jefferies on Sunday and seen by Bloomberg, industry checks indicate that the rest of the mobile industry grew in December, while Apple endured a sluggish start for the ..read more

Despite other investment analysts downgrading Apple, Evercore is more positive and is maintaining a $220 stock price target because of the continued growth of the App Store. Apple's App Store Evercore has previously been positive on Apple because of what, in 2020, it described as the firm benefiting from a "confluence of strong iPhone 11 trends, wearables momentum and continued services traction." Now according to a new note seen by Apple-centric finance site Apple 3.0, Evercore is maintaining its existing price target but specifically because of its research into App Store growth. For Q4 ..read more

As Microsoft stock rises and Apple's falls over analysts expectation of slowing iPhone demand, the two firms are once more within $100 billion of each other -- the smallest gap in over two years. Credit: Microsoft Apple and Microsoft have a long history of competing for the title of the world's most valuable company, although originally that was specifically in the technology category. In 2010, Apple dethroned Microsoft when it hit a market capitalization of $222 billion, and then in 2018 Microsoft briefly regained that top position. Now those sums seem quaintly low, and the two companies ..read more

Apple has been dealt another blow to its stock price, as analysts at Piper Sandler have downgraded AAPL to "neutral" over concerns of handset and macro weakness in 2024. Apple's iPhone 15 may have a tough start to 2024 As part of a much larger note seen by AppleInsider, Harsh Kumar of Piper Sandler is discussing the chip market and macroeconomic concerns. Factors specifically affecting Apple are a difficult first-half handset market, and signs of RAM and Flash chip pricing increasing. "We are concerned about handset inventories entering into 1H24 and also feel that growth rates have peake ..read more