Apple escalates OpenAI lawsuit
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OpenAI claims that Apple's lawyers "emailed the wrong person after confusing two Asian last names."
Apple’s record Q3 revenue couldn’t stop AAPL shares sliding on cautious guidance, AI costs, and margin pressure.
OpenAI Group PBC has publicly pushed back against a lawsuit that Apple Inc. filed against it last month. The ChatGPT developer outlined its arguments in a blog post published on Monday. The move came shortly after Apple submitted a new court filing in connection with its litigation.
The move shows that John Ternus is starting to put his stamp on the company’s leadership ranks. It also marks a rare instance of Apple bringing back a retired executive
Apple Inc.'s Q3 double beat lifts iPhone, Mac & services, but AAPL trades at a stretched 38x forward P/E and a low 2% yield. Read more on AAPL stock here.
However, its stock was trading almost 6% lower in the late trading session after it issued weak guidance for the current quarter, blaming that primarily on “supply constraints.” The company reported earnings before certain costs such as stock compensation of $2.
The lottery allows retail employees to apply to work the event, where they’ll help organize lines, check in guests, greet attendees, offer directions and support the security teams.
Apple Inc. led a 7% increase in global smartphone revenue over the June quarter, showing how rising prices are offsetting shrinking shipments, according to Counterpoint Research.