Apple’s iPhone sales in China rose 8% in Q2, marking their first increase in two years, aided by promotions and trade-in deals, according to Counterpoint Research.
U.S. stocks climbed on Wednesday, with the S&P 500 setting fresh record highs after a surprise decline in private payrolls boosted expectations of Federal Reserve rate cuts.
Intel’s new CEO Lip-Bu Tan is reportedly considering ending Intel’s push to sell the expensive 18A chipmaking process to external clients, turning attention toward the more advanced 14A node.
The most recent round of layoffs at Microsoft marks the biggest staff reduction since 2023, when the tech giant fired over 10,000 people, and follows a series of smaller layoffs earlier this year.
The optimism is based on research firm Counterpoint’s findings that iPhone sales volume in the first two months of the June quarter increased by 15% year over year.
Citing people who asked not to be identified, Gurman said the Tim Cook-led company has asked OpenAI and Anthropic to test versions of their models on Apple’s cloud infrastructure.
Kuo expects that the “Ray Ban-like” smartglasses would be the first to achieve significant volume. He predicts shipments of three to four million units or more in 2027.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
Intel (INTC) is reportedly shutting down its automotive unit and will lay off most employees in that segment, the company told staff in an internal message.
