Apple Inc Stock Price, News & Analysis

Apple is launching two new Pride Edition bands in June for Pride month, featuring a vibrant color gradient and the word “pride” woven into the design. The Pride Edition Sport Loop and Pride Edition Nike Sport Loop are available for $49 each. A new Shot on iPhone pride campaign will showcase LGBTQ+ creatives on Instagram, celebrating significant historical sites of the community. Apple continues to support various LGBTQ+ advocacy organizations, reinforcing its commitment to equality and inclusion.

Apple has announced the expansion of its Creative Studios initiative to provide mentorship and training for young artists from underrepresented communities. New programs will launch in seven cities, including Nashville, Miami, and Berlin, with a return to Chicago and Washington, D.C.. Participants will engage in app design, podcasting, and more, with the aim of fostering creativity and social change. Last year, over 400 youths participated in the program. This year’s offerings focus on arts education, with a special emphasis on diversity.

Apple has announced a suite of innovative software features aimed at enhancing accessibility for users with disabilities. Key features include Door Detection, assisting users who are blind or low vision in navigating to doors, and Apple Watch Mirroring, which allows users with physical disabilities to control their Watch via iPhone. Additionally, Live Captions will be introduced for the Deaf and hard of hearing community, along with expanded support for VoiceOver in over 20 languages. These updates will roll out later this year across Apple's platforms.

Apple reported a record revenue of $97.3 billion for its fiscal Q2 2022, marking a 9% year-over-year increase. Quarterly earnings per diluted share reached $1.52. Notably, the company achieved an all-time high in Services revenue and set records for iPhone, Mac, Wearables, Home, and Accessories.

Operating cash flow exceeded $28 billion, enabling nearly $27 billion in returns to shareholders. The board declared a $0.23 per share cash dividend, a 5% increase, and authorized a $90 billion increase to its share repurchase program.

Apple has launched Self Service Repair in the US, allowing customers to purchase genuine parts and tools online for iPhone 12, iPhone 13, and iPhone SE (3rd generation) repairs. The service will expand to Europe later this year. The online store offers over 200 parts and tools, with a rental option for tools at $49. Customers can recycle replaced parts for credit. This initiative is part of Apple's commitment to improve repair accessibility, supported by a network of over 5,000 authorized service providers globally.

Apple announced that over 200 suppliers have committed to using clean energy, doubling their usage over the past year. Currently, more than 10 gigawatts are operational, with pledges totaling nearly 16 gigawatts. In 2021 alone, these renewable projects helped avoid 13.9 million metric tons of carbon emissions. With a goal to be carbon neutral across its entire supply chain by 2030, Apple is actively investing in renewable projects globally. This initiative also benefits local communities by providing access to renewable energy, thus supporting economic growth and social impact.

Apple has announced the opening of its largest store in South Korea, located in Seoul's Myeongdong district. This new retail space aims to enhance the customer experience by providing access to the latest products and expert support. Notably, the store will host unique 'Today at Apple' sessions featuring famous Korean artists, including a K-pop session with the group SEVENTEEN. The store opens on April 9, with health measures in place, offering appointments for visitors. This expansion reflects Apple's commitment to the Korean market, having operated there for over 20 years.

Apple will host its annual Worldwide Developers Conference (WWDC) online from June 6 to 10, allowing free access for all developers. The event aims to showcase innovations in iOS, iPadOS, macOS, watchOS, and tvOS. Developers will connect with Apple engineers and participate in more learning sessions. Additionally, a special day event for developers and students will take place at Apple Park on June 6. The Swift Student Challenge invites students to submit app projects by April 25, fostering future talent in coding.

Apple announced that Apple Business Essentials is now available to all small businesses in the US. This service offers device management, 24/7 support, and iCloud storage through flexible subscription plans. A two-month free trial is included. With features like simplified employee onboarding and prioritized support via AppleCare+, small businesses can streamline IT management and focus on growth. Pricing starts at $2.99 per month after the trial.