Hey there, Benzinga readers! It’s time for a fast weekend roundup. Right here’s what went down over the weekend.
Apple’s This fall Was A File-Breaker, Tim Prepare dinner Predicts Even Higher Q1
Apple Inc. (NASDAQ:AAPL) reported a record-breaking fourth quarter, with CEO Tim Prepare dinner predicting a good higher first quarter.
Regardless of the iPhone 17‘s preliminary demand, the corporate surpassed analyst estimates for income and earnings per share. Prepare dinner attributed this success to the power of the quarter and hinted at extra information to come back within the subsequent fiscal quarter.
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Apple’s This fall Outcomes Make It The ‘eventual Winner’ In AI, Say Analysts
Apple has emerged because the ‘eventual winner’ in AI, in response to main analysts. The corporate’s robust fourth-quarter outcomes, which included file gross sales in iPhone and Providers, have led to this conclusion.
JPMorgan (NYSE:JPM) maintained an Obese ranking and raised Apple’s value goal from $290 to $305.
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Apple’s Advert Enterprise Units A New File, Reveals Tim Prepare dinner
Apple quietly set a brand new file in its promoting enterprise over the last quarter. This revelation got here in the course of the firm’s earnings name, the place CEO Tim Prepare dinner disclosed that the promoting class, a mixture of third-party and first-party advertisements, had set a file.
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Prepare dinner’s admission means that Apple is constructing a digital advert machine to rival the platforms it as soon as sought to distance itself from.
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Samsung’s Lee Jae-Yong Teases iPhone Customers At Seoul Meetup
Samsung Electronics Co. (OTC:SSNLF) chairman Lee Jae-Yong couldn’t resist teasing a crowd for being iPhone customers throughout an informal dinner with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang and Hyundai Chairman Chung Eui-sun in Seoul.
The gathering, which passed off at a preferred restaurant in Seoul’s upscale Gangnam district, drew a big crowd desirous to catch a glimpse of the tech moguls behind among the world’s greatest firms.
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Steve Jobs’ ‘spontaneous Conferences’ Warning Echoed By Jpmorgan’s Jamie Dimon
It appears that evidently Apple co-founder Steve Jobs’ beliefs are nonetheless related as we speak. JPMorgan CEO Jamie Dimon lately echoed Jobs’ perception within the significance of ‘spontaneous conferences’ throughout a panel dialogue on the Future Funding Initiative in Saudi Arabia.
Dimon acknowledged that youthful staffers aren’t studying as successfully over Zoom and continues to encourage JPMorgan staff to return to the workplace.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
