Apple Inc Stock Price, News & Analysis

Apple unveiled the new Logic Pro for iPad 2 and Mac 11, powered by AI, offering features like Session Players, Stem Splitter, and ChromaGlow. The AI features provide assistance to artists in the music-making process. Logic Pro for iPad and Mac will be available on the App Store starting May 13.

Apple announced the new M4 chip for the iPad Pro, featuring second-generation 3-nanometer technology, a 10-core CPU, 10-core GPU, and the fastest Neural Engine ever. M4 delivers up to 1.5x faster CPU performance over the previous M2 chip, offers hardware-accelerated ray tracing and mesh shading, and maintains industry-leading performance per watt. The chip enables breakthrough design and performance for the new iPad Pro, making it the most powerful device of its kind.

Apple unveiled the groundbreaking new iPad Pro featuring a stunning design, Ultra Retina XDR display, and M4 chip with advanced AI capabilities. The iPad Pro comes in two sizes, 11-inch and 13-inch, in silver and space black finishes. The Ultra Retina XDR display offers unprecedented brightness and precision with tandem OLED technology. The M4 chip delivers outstanding performance with a new CPU, GPU, and Neural Engine. The iPad Pro supports new accessories like the Apple Pencil Pro and Magic Keyboard. Pricing starts at $999 for the 11-inch model and $1,299 for the 13-inch model, available for order on May 7.

Apple has announced the redesigned 11-inch and all-new 13-inch iPad Air, powered by the M2 chip. With enhanced performance, AI capabilities, a new front camera, and faster Wi-Fi, the new iPad Air is available in two sizes for the first time, catering to a wide range of users. Featuring a faster CPU, GPU, and Neural Engine, the M2 chip ensures a more powerful and versatile device. The iPad Air comes in new blue and purple finishes, along with starlight and space gray, starting at $599 for the 11-inch model and $799 for the 13-inch model. With support for Apple Pencil Pro, Magic Keyboard, and all-day battery life, the new iPad Air empowers users to be more productive and creative.

Apple Inc. announces the pendency and proposed settlement of shareholder derivative actions, with significant benefits for Apple and its shareholders. The settlement involves corporate governance reforms, approval by independent directors, and payment of attorneys' fees. Current shareholders have the right to object to the terms and attend a Settlement Fairness Hearing on July 16, 2024.

Apple reported financial results for its fiscal 2024 second quarter, with revenue of $90.8 billion, down 4% year over year, and earnings per diluted share of $1.53. The company achieved a new all-time record in Services revenue and set a March quarter record in EPS. Apple's CEO, Tim Cook, highlighted the launch of Apple Vision Pro and upcoming product announcements. The CFO, Luca Maestri, emphasized the active installed base of devices reaching an all-time high, driving a new EPS record. The board authorized an additional $110 billion for share repurchases and raised the quarterly dividend by 4%.