Apple Inc Stock Price, News & Analysis

Apple has filed a lawsuit against NSO Group to hold it accountable for surveillance targeting Apple users. The suit reveals how NSO's Pegasus spyware can infect devices, and seeks a permanent injunction to prevent NSO from using any Apple products. Additionally, Apple is contributing $10 million to support cybersurveillance research. The lawsuit aims to protect users and uphold Apple's commitment to privacy and security, highlighting the company's ongoing efforts to enhance security measures against sophisticated cyberattacks.

Apple has launched its Self Service Repair program, allowing consumers to repair their iPhone 12 and iPhone 13 with genuine parts and tools. The program will be available in the US early next year and will expand globally throughout 2022. Customers can access over 200 individual parts and tools, focusing initially on common repairs like the display, battery, and camera. This initiative aims to enhance repairability and give customers more choices in managing their Apple products.

Apple has announced the election of Alex Gorsky, former chairman and CEO of Johnson & Johnson, to its board of directors. Gorsky brings extensive experience in corporate leadership and health technologies, having led Johnson & Johnson to become the largest healthcare company globally. Tim Cook, Apple’s CEO, expressed enthusiasm for Gorsky's innovative mindset and ability to improve lives through technology. Gorsky's leadership is expected to positively impact Apple’s direction in health-focused innovations.

Apple announced its fiscal 2021 fourth quarter results, achieving a record revenue of $83.4 billion, reflecting a 29% year-over-year increase. The company reported earnings per diluted share of $1.24. Key highlights include record performance in Services and Mac segments, along with a substantial growth in the active installed base of devices. Apple returned over $24 billion to shareholders and declared a cash dividend of $0.22 per share, payable on November 11, 2021. The financial results showcase strong double-digit growth across all geographic segments and product categories.

Apple has announced its commitment to sustainability by doubling the number of suppliers using 100% clean energy, with 175 suppliers now on board. This effort supports its goal of achieving carbon neutrality across its supply chain by 2030. Apple will simultaneously launch 10 new renewable energy initiatives to assist under-resourced communities globally, aiming to create economic opportunities and social impact. Over the past five years, Apple has managed to reduce its carbon emissions by 40% and plans for every device sold to have a net-zero climate impact by 2030.

Apple has announced the opening of its new store, Apple Bağdat Caddesi, in Istanbul on October 22. This marks Apple's third retail location in Turkey, designed to integrate local materials and promote community engagement through programs like Perspektif Istanbul. The store offers an immersive AR exhibition and is staffed by a diverse team fluent in 14 languages. The grand opening will require appointments due to health measures.

Apple has released significant updates for Final Cut Pro and Logic Pro, designed for creative professionals utilizing the M1 Pro and M1 Max chips. Final Cut Pro now enables video editors to play seven streams of 8K ProRes and color grade in 8K HDR with Liquid Retina XDR. It introduces a machine-learning-based Object Tracker for creating engaging graphics. Logic Pro features tools for creating spatial audio music, allowing users to mix songs in Dolby Atmos. Both applications are available today on the Mac App Store.