The Latest Breaking News from AAPL

In this article I will analyze and compare Apple (AAPL) and Amazon.com (AMZN) to determine which FAANG stock is currently a better investment.

China, the biggest smartphone market, will likely shrink by 38 million units in 2022, down 11.5% from 2021 and accounting for about 80% of the global reduction in shipment volume thanks to the economic slowdown as global markets drop by 3.5%, the IDC reports.  IDC previously saw the global market growing…

Apple Inc (NASDAQ:AAPL), facing mounting criticism of its App Store policies, has defended the platform citing the small-business jobs and revenue it generates, Bloomberg reports. The App Store is under intense scrutiny from government officials in the U.S. and Europe, which also have been after Meta Platforms Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).  Also Read: BofA Lists Reasons…

BofA analyst Wamsi Mohan noted that Apple Inc's (NASDAQ: AAPL) App Store revenue growth in fiscal Q3-to-date has grown to $2.6 billion, or up 7% year-over-year through April 30, according to SensorTower data. 

Apple (NASDAQ: AAPL) has outperformed the market over the past 20 years by 26.8% on an annualized basis producing an average annual return of 33.52%. Currently, Apple has a market capitalization of $2.27 trillion.

Apple Inc's (NASDAQ: AAPL) iPhone demand is "better than expected" for the quarter, and its supply chain is proving "surprisingly resilient," Wedbush's Dan Ives said:

A whale with a lot of money to spend has taken a noticeably bearish stance on Apple. Looking at options history for Apple (NASDAQ:AAPL) we detected 37 strange trades.

Apple Inc (NASDAQ: AAPL) provided its board a sneak peek of its long awaited mixed-reality headset last week, which led some to speculate the product could be unveiled as soon as this year. 

It looks like the downtrend in Apple Inc. (NASDAQ: AAPL) may continue. Shares may be breaking support around the important $139 level. If this happens it could set the stage for a move lower.