A whirlwind week unfolded for Apple Inc. AAPL, featuring pivotal moments ranging from a rare iPhone auction to CEO Tim Cook’s diplomatic visit to China.
Apple’s 4GB iPhone Auctions for $130K. The week witnessed the sale of a pristine original 4GB iPhone, fetching an astronomical $130,000, a staggering 260 times its initial price. This auction exemplifies the deep reverence collectors hold for Apple artifacts.
Tim Cook’s China Sojourn Signals Apple’s Dedication. Against the backdrop of mounting regulatory scrutiny and a DOJ antitrust lawsuit, Tim Cook’s recent sojourn to China hints at Apple’s unwavering resolve to bolster its presence in Beijing.
iPhone 16 Pro to Channel iPhone 6s Aesthetics. Rumors swirling from China suggest that Apple is set to introduce novel color options for the upcoming iPhone 16 Pro and iPhone 16 Pro Max, including ‘space black’ and ‘rose’, reminiscent of the beloved iPhone 6s released almost a decade ago.
Apple Initiates Legal Action Against Leaker. In a bid to safeguard its proprietary information, Apple has filed a lawsuit against former employee Andrew Aude for allegedly disseminating confidential details about the company’s inaugural mixed-reality headset, Vision Pro, and Journal app.
Jim Cramer Questions Antitrust Scrutiny on Big Tech. Famed TV personality Jim Cramer has voiced skepticism regarding the government’s antitrust litigations targeting tech behemoths such as Apple, Alphabet Inc. GOOGL, and Amazon.com Inc. AMZN.
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