Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.
IPO Year: 1980
Exchange: NASDAQ
Website: apple.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2024 | $211.00 | Neutral | MoffettNathanson |
| 8/2/2024 | $195.00 → $203.00 | Hold | Maxim Group |
| 8/2/2024 | $205.00 → $245.00 | Buy | Monness Crespi & Hardt |
| 7/29/2024 | $220.00 → $250.00 | Buy | TD Cowen |
| 7/24/2024 | $245.00 → $265.00 | Overweight | JP Morgan |
| 7/15/2024 | $216.00 → $273.00 | Overweight | Morgan Stanley |
| 7/15/2024 | $170.00 → $300.00 | Hold → Buy | Loop Capital |
| 7/11/2024 | $230.00 → $256.00 | Buy | BofA Securities |
| 7/10/2024 | $220.00 → $260.00 | Buy | Needham |
| 7/9/2024 | $190.00 → $225.00 | Neutral | Piper Sandler |
Apple Watch delivers new sleep apnea notifications, and AirPods Pro 2 provide the world's first all-in-one hearing health experience including a clinical-grade, over-the-counter Hearing Aid feature Apple® today unveiled breakthrough sleep and hearing health features coming to Apple Watch® and AirPods Pro® 2 that further deliver on Apple's commitment to health with experiences that enrich users' lives. These new features expand across products, bringing informative and powerful ways to support users in their sleep and hearing health for conditions that impact billions globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024090
The ultimate sports watch is packed with additional insights including sleep apnea notifications, and is now offered in a stunning new finish alongside a new Titanium Milanese Loop band Apple® today introduced Apple Watch Ultra® 2 in a striking new black titanium finish, enhanced with features in watchOS® 11 that make the most rugged and capable Apple Watch® even better. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909934426/en/Apple Watch Ultra 2 now comes in a stunning black titanium finish. (Photo: Business Wire) Apple Watch Ultra 2 is an ideal partner for athletes and adventurers of all kinds, featuring the most accurat
Powered by the A18 Pro chip and built for Apple Intelligence, the Pro lineup introduces larger display sizes, Camera Control, innovative pro camera features, and a huge leap in battery life Apple® today introduced iPhone® 16 Pro and iPhone 16 Pro Max, featuring Apple Intelligence™, larger display sizes, new creative capabilities with innovative pro camera features, stunning graphics for immersive gaming, and more — all powered by the A18 Pro chip. With Apple Intelligence, powerful Apple-built generative models come to iPhone in the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. C
The new AirPods lineup includes a brand-new design for AirPods 4, a new array of colors for AirPods Max, and revolutionary Hearing Protection, Hearing Test, and Hearing Aid features for AirPods Pro 2 Apple® today announced a groundbreaking new lineup of AirPods® models and features. The new AirPods 4 are the most advanced and comfortable headphones Apple has ever created with an open-ear design, and today, customers can choose between two distinct models: AirPods 4 and AirPods 4 with Active Noise Cancellation (ANC). AirPods Max® now come in midnight, starlight, blue, purple, and orange, and offer USB-C charging for more convenience. This fall, AirPods Pro® 2 will introduce the world's firs
Built for Apple Intelligence with the all-new A18 chip, both models feature Camera Control, powerful upgrades to the advanced camera system, the Action button to quickly access useful features, and a big boost in battery life Apple® today announced iPhone® 16 and iPhone 16 Plus, built for Apple Intelligence™, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. The iPhone 16 lineup also introduces Camera Control, which brings new ways to capture memories, and will help users quickly access visual intelligence to learn about objects or places around them faster than ever before. The
The world's bestselling watch is thinner than ever, featuring the biggest, most advanced display yet; sleep apnea notifications; faster charging; and water depth and temperature sensing Apple® today unveiled Apple Watch® Series 10, featuring a refined design and bringing new capabilities to the world's most popular watch that make it even more powerful, intelligent, and sophisticated. Apple Watch Series 10 is the thinnest Apple Watch yet — making it more comfortable than ever — and offers the biggest, most advanced display of any Apple Watch. It also features new sleep apnea notifications; faster charging; water depth and temperature sensing; plus new health and fitness insights and intell
Apple® today announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team. "Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company's financial performance, engaging with shareholders, and instilling financial
June quarter records for Revenue and EPS Services revenue reaches new all-time high Apple® today announced financial results for its fiscal 2024 third quarter ended June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year. "Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago," said Tim Cook, Apple's CEO. "During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system tha
Apple's first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur's new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple's innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions. "We live for moments when
Private Cloud Compute sets a new standard for privacy in artificial intelligence Apple® today announced new updates across its platforms that help empower users and keep them in control of their data. Private Cloud Compute extends the industry-leading protections of iPhone® to the cloud, so that users don't have to choose between powerful intelligence grounded in their personal context and strong privacy protections. Apple also raised the bar for privacy with new features, such as locked and hidden apps, aimed at helping users protect sensitive areas of their phones. Apple introduced additional features designed with privacy and security in mind, including categorization in Mail, Messages
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For Immediate Release: September 12, 2024 Today, the U.S. Food and Drug Administration authorized the first over-the-counter (OTC) hearing aid software device, Hearing Aid Feature, intended to be used with compatible versions of the Apple AirPods Pro headphones. Once installed and customized to the user’s hearing needs, the Hearing Aid Feature enables compatible versions of the AirPods Pro to serve as an OTC hea
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird increased Apple Inc. (NASDAQ:AAPL) price target from $200 to $240. Baird analyst William Power maintained an Outperform rating. Apple shares fell 0.1% to trade at $218.51 on Thursday. See how other analysts view this stock. Truist Securities raised the price target for ServiceNow, Inc. (NYSE:NOW) from $750 to $780. Truist Securities analyst Joel Fishbein maintained a Hold rating. ServiceNow shares gained 11.9% to trade at $817.75 on Thursday. See how other analysts view this stock. JP Morg
"Hedging Is Gaining Traction" That's what Goldman Sachs's flow of funds guru Scott Rubner said in his note earlier today ("I Am Not Buying This Dip"). He also pointed out that four of the Magnificent Seven mega caps are reporting earnings next week: Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Apple, Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN), and that if their results and guidance are not "great", those stocks will likely get punished in this market environment. In the video below, I show inexpensive ways of hedging Microsoft and Meta ahead of their earnings next week. I mention a couple of times there that there's a link to download the newly
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust The SPY (
ASE Technology Holding Co (NYSE:ASX) reported a fiscal second-quarter 2024 net revenue growth of 2.9% year-on-year to 140.24 billion New Taiwan dollars ($4.35 billion), missing the analyst consensus estimate of $4.51 billion. The revenue of the Apple Inc (NASDAQ:AAPL) chip supplier grew by 5.6% quarter-on-quarter. Net revenues for ATM (assembly, testing, and material) business was 77.81 billion New Taiwan dollars, up by 2.2% Y/Y and 5.3% Q/Q. EMS (electronic manufacturing services) net revenues were 62.91 billion New Taiwan dollars, up by 4.1% Y/Y and 6.0% Q/Q. Gross margin increased by 70 bps Q/Q to 16.4%. The operating margin grew by 70 bps Q/Q to 6.4%. Diluted EPS was 1.75 Ne
STMicroelectronics NV (NYSE: STM) reported a fiscal second-quarter 2024 revenue decline of 25.3% year-on-year to $3.23 billion, beating the analyst consensus estimate of $3.20 billion. The Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) supplier’s EPS of $0.38 beat the analyst consensus estimate of $0.36. Sales to OEMs decreased by 14.9% Y/Y, and Distribution sales fell by 43.7% Y/Y. Analog products, MEMS, and Sensors (AM&S) segment revenue declined 10.0% Y/Y to $1.17 billion, mainly due to a decrease in Imaging. Power and Discrete products (P&D) segment revenue decreased 24.4% Y/Y to $747 million. The microcontrollers (MCU) segment revenue decreased 46.0% year over y
Apple Inc.'s (NASDAQ:AAPL) troubles in China continue, with the iPhone maker witnessing a decline in its market share in China, dropping from third place to sixth in the country, while Huawei Technologies has seen a significant increase in smartphone shipments, as per the latest data. What Happened: Apple’s market share in China dropped to 14% in Q2 2024, a decrease of two percentage points from the same period last year, according to data from Canalys, reported Reuters. Conversely, Huawei experienced a 41% year-on-year increase in smartphone shipments in the same quarter, largely attributed to the launch of its new Pura 70 series in April. This growth comes amid U.S. sanctions that
Privacy executives at Apple Inc. (NASDAQ:AAPL) have reiterated the tech giant’s commitment to user privacy, terming it as a “fundamental human right.” What Happened: In an interview with YouTuber Andru Edwards that was posted on his channel on Wednesday, two Apple executives Katie Skinner and Sandy Parakilas discussed the company’s strategies for preserving user privacy. The conversation spanned a variety of topics, including Apple’s balancing act between privacy and the development of advanced features, and the role of Apple Intelligence in this regard. While the interview did not reveal any new information, it provided a comprehensive overview of Apple’s privacy protection measur
Apple Inc. (NASDAQ:AAPL) is reportedly planning to discontinue the iPhone 17 Plus model and introduce an ultra-slim variant in the second half of 2025. What Happened: The iPhone’s Plus model, which currently accounts for only 5-10% of total new iPhone shipments, will be phased out, according to a report by Ming-Chi Kuo, a prominent analyst at TF Securities. Kuo suggests that the Plus model has become redundant due to the comprehensive coverage of high-end market segments by the standard, Pro, and Pro Max models. The new ultra-slim model is not intended to replace the Plus model but rather to explore new design trends beyond the existing iPhone lineup. Subscribe to the Benzinga T
Baird analyst William Power maintains Apple (NASDAQ:AAPL) with a Outperform and raises the price target from $200 to $240.
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MoffettNathanson initiated coverage of Apple with a rating of Neutral and set a new price target of $211.00
Maxim Group reiterated coverage of Apple with a rating of Hold and set a new price target of $203.00 from $195.00 previously
Monness Crespi & Hardt reiterated coverage of Apple with a rating of Buy and set a new price target of $245.00 from $205.00 previously
TD Cowen reiterated coverage of Apple with a rating of Buy and set a new price target of $250.00 from $220.00 previously
JP Morgan reiterated coverage of Apple with a rating of Overweight and set a new price target of $265.00 from $245.00 previously
Morgan Stanley reiterated coverage of Apple with a rating of Overweight and set a new price target of $273.00 from $216.00 previously
Loop Capital upgraded Apple from Hold to Buy and set a new price target of $300.00 from $170.00 previously
BofA Securities reiterated coverage of Apple with a rating of Buy and set a new price target of $256.00 from $230.00 previously
Needham reiterated coverage of Apple with a rating of Buy and set a new price target of $260.00 from $220.00 previously
Piper Sandler reiterated coverage of Apple with a rating of Neutral and set a new price target of $225.00 from $190.00 previously
tvOS 18 introduces new cinematic experiences with InSight, Enhance Dialogue, and subtitles Apple® today announced software updates across its Home products that supercharge entertainment and deliver greater everyday convenience. With tvOS® 18, intelligent new features like InSight — and updates to Enhance Dialogue and subtitles — level up cinematic experiences, while new Apple Fitness+℠, Apple Music®, and FaceTime® capabilities get even better on users' biggest screen. The Home app gains new features with iOS 18, like guest access and hands-free unlock with home keys, delivering effortless and secure access to the home. tvOS 18 and iOS 18 are available as developer betas today, and will b
QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech® (NASDAQ:LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately. Ms. Veilleux will serve on the Audit Committee and Ms. Ardisana will serve on the Nominating and Corporate Governance Committee. "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Cha
Al Gore and James Bell to retire after years of dedicated service Apple® today announced Dr. Wanda Austin, former president and CEO of The Aerospace Corporation, has been nominated for election to Apple's board of directors. Dr. Austin brings decades of science and technology experience to her role, and she has a significant track record of advancing innovation and shaping corporate strategy. As president and CEO of The Aerospace Corporation, Dr. Austin led an organization dedicated to supporting the U.S. space program and expanding opportunities for future exploration. She was the first woman and the first African American to hold the position. "Wanda has spent decades advancing tech
In addition to his role as General Counsel, Jay Angelo will serve as Near's Chief Privacy Officer Near Intelligence, Inc. (NASDAQ:NIR), a Data Intelligence Platform that curates one of the world's largest sources of intelligence on people and places, today announced that it has appointed its General Counsel, Jay Angelo, to also serve as the company's Chief Privacy Officer. This appointment solidifies Near's dedication to safeguarding user privacy, a core pillar of the company's foundation. Near's three-pillared approach – data, privacy, and AI – empowers operational and marketing leaders with solutions to help them engage and grow their businesses at scale. With the rapid evolution of c
Hootsuite today announced the appointment of four new directors to its Board of Directors. Julie Herendeen, Christiane Pendarvis, Dave Singh, and Carl Sparks join existing directors, Ryan Holmes, Tom Keiser and Jeff Lieberman on the Hootsuite board. Herendeen has been appointed Board Chair. "These new board appointments are an important step forward for Hootsuite as we transition from an investor board to an independent board," said Tom Keiser, Hootsuite CEO. "We have an incredible mix of talented leaders guiding our company, and I'm honored to welcome our newest board members to the team." Concurrent with the new additions, Sara Clemens and Shahrzad Rafati have transitioned from the boar
SAN JOSE, Calif., Nov. 16, 2021 /PRNewswire-PRWeb/ -- Movella™ announced today the appointment of Stuart Huizinga, Brent Lang, and Patty Ross to the Movella Board of Directors. "We are pleased to welcome Stuart, Brent, and Patty to the Movella Board," said Ben Lee, Movella CEO. "Their deep experience in SaaS business models, health & sports markets and strong regulatory oversight will be invaluable to Movella as we enter our next stage of growth and pursue our mission to bring meaning to movement." Stuart Huizinga has served as a member of the Board of Directors and Chairman of the Audit Committee of QuinStreet (NASDAQ:QNST) since April 2015. Mr. Huizinga also currently serves as the Chief
ELYRIA, Ohio--(BUSINESS WIRE)--Invacare Corporation (NYSE: IVC) today announced the appointment of Stephanie L. Fehr to its Board of Directors, effective March 25, 2021. Ms. Fehr currently serves as executive vice president and chief human capital officer of UnitedHealthcare, a division of UnitedHealth Group (NYSE: UGH), which provides healthcare benefits to an array of customers and markets, a position she has held since 2017. Ms. Fehr has a strong background and experience in human resources and talent development in leading healthcare and technology businesses. Ms. Fehr was unanimously appointed by the current members of the Board after an extensive search conducted by an inte
June quarter records for Revenue and EPS Services revenue reaches new all-time high Apple® today announced financial results for its fiscal 2024 third quarter ended June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year. "Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago," said Tim Cook, Apple's CEO. "During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system tha
Services revenue reaches new all-time record EPS sets March quarter record Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53. "Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services," said Tim Cook, Apple's CEO. "During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We're also looking forward to an exciting product announcement next week and an incredible Worldw
Services revenue reaches new all-time record EPS up 16 percent to new all-time high Apple® today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year. "Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services," said Tim Cook, Apple's CEO. "We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as c
iPhone revenue sets September quarter record Services revenue reaches new all-time high Apple® today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year. "Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services," said Tim Cook, Apple's CEO. "We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone i
Services revenue reaches new all-time high Installed base of active devices sets all-time record Apple® today announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year. "We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone," said Tim Cook, Apple's CEO. "From education to the environment, we are continuing to advance our values,
Services revenue reaches new all-time high iPhone revenue sets March quarter record Apple® today announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The Company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. "We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high," said Tim Cook, Apple's CEO. "We continue to invest for the long term and lead with our values, including making major progress to
Installed base crosses 2 billion active devices and hits all-time high for all major product categories Services set new all-time revenue record Apple® today announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88. "As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do," said Tim Cook, Apple's CEO. "During the December quarter, we achieved a major mile
September quarter record for Revenue and EPS Active installed base of devices reaches all-time high for all major product categories Apple® today announced financial results for its fiscal 2022 fourth quarter ended September 24, 2022. The Company posted a September quarter record revenue of $90.1 billion, up 8 percent year over year, and quarterly earnings per diluted share of $1.29, up 4 percent year over year. Annual revenue was $394.3 billion, up 8 percent year over year, and annual earnings per diluted share were $6.11, up 9 percent year over year. "This quarter's results reflect Apple's commitment to our customers, to the pursuit of innovation, and to leaving the world better than w
iPhone and Services drive June quarter record revenue Active installed base of devices reaches all-time high for all major product categories Apple® today announced financial results for its fiscal 2022 third quarter ended June 25, 2022. The Company posted a June quarter revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20. "This quarter's record results speak to Apple's constant efforts to innovate, to advance new possibilities, and to enrich the lives of our customers," said Tim Cook, Apple's CEO. "As always, we are leading with our values, and expressing them in everything we build, from new features that are designed to prote
Revenue up 9 percent to new March quarter record Services revenue reaches new all-time high Apple® today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52. "This quarter's record results are a testament to Apple's relentless focus on innovation and our ability to create the best products and services in the world," said Tim Cook, Apple's CEO. "We are delighted to see the strong customer response to our new products, as well as the progress we're making to become carbon neutral across our supply chain and our