Apple Inc Stock Price, News & Analysis

Apple is set to open its latest store, Apple Gangnam, in the Gangnam District of Seoul on March 31 at 5 p.m. local time. The store will offer a variety of free Today at Apple sessions, focusing on enhancing customer creativity through workshops on music, art, and photography. Notably, the Apple Pay service recently launched in South Korea, expanding Apple's service offerings. The site features nearly 150 trained staff members and operates on 100% renewable energy. Additionally, there will be a special Pop-Up Studio showcasing K-pop group NewJeans starting April 1.

Apple has launched Apple Pay Later in the U.S., enabling users to split purchases into four payments over six weeks without interest or fees. Users can apply for loans ranging from $50 to $1,000 using the Apple Wallet. The rollout begins with selected users invited to access the prerelease version, with plans for broader availability soon. Apple Pay Later is designed to promote financial responsibility, featuring tracking and management tools within the Wallet app. Collaborations with Mastercard and Goldman Sachs facilitate this service.

Apple has launched Apple Music Classical, a new standalone app for classical music enthusiasts, included at no extra cost for existing Apple Music subscribers. This app features the world's largest classical music catalog with over 5 million tracks, immersive Spatial Audio, and enhanced search capabilities designed specifically for classical works. Notable features include expertly curated playlists, high-resolution audio quality, and insights from classical music experts. The app is available now on the App Store, except in certain countries, aiming to redefine the classical music streaming experience.

Apple has unveiled a new yellow variant of the iPhone 14 and iPhone 14 Plus, enhancing its color offerings for spring. Both models feature a robust design with a Ceramic Shield front cover, a dual-camera system for high-quality photos and videos, and the powerful A15 Bionic chip. Key highlights include remarkable battery life, innovative safety features like Emergency SOS via satellite, and Crash Detection. Pre-orders begin on March 10, with availability starting March 14. The iPhone 14 is priced at $799 and the iPhone 14 Plus at $899.

Apple reported its fiscal Q1 2023 results, achieving $117.2 billion in revenue, a 5% decline year-over-year. The earnings per diluted share were $1.88. Despite challenges, Apple reached a significant milestone with over 2 billion active devices in its installed base and recorded $20.8 billion in revenue from its Services segment, setting a new all-time high. Operating cash flow was $34 billion, and Apple returned $25 billion to shareholders through dividends and repurchases. A cash dividend of $0.23 per share will be paid on February 16, 2023, to shareholders of record as of February 13, 2023.

Apple Music is enhancing the experience for Rihanna fans ahead of the highly anticipated Apple Music Super Bowl LVII Halftime Show on February 12, 2023. Subscribers can now enjoy her catalog in Spatial Audio, showcasing her diverse musical styles. The press conference on February 9, 2023, at 10 a.m. MST will feature an interview with Rihanna, allowing fans to engage with the event through various platforms. Additionally, Apple Music Radio will offer exclusive programming leading up to the performance, including a special series reflecting on notable past performances. This initiative reinforces Apple's role in music innovation, offering over 100 million songs.

On Data Privacy Day, Apple unveiled new educational resources aimed at empowering users to control their data privacy. The initiative, which includes a special 'Today at Apple' session starting January 28, will cover features like Mail Privacy Protection and Location Services. Apple, known for its commitment to user privacy, builds extensive privacy protections into all its products, such as App Tracking Transparency. The company emphasizes that privacy is a fundamental human right, reflecting its long-standing leadership in this area.