Investing.com - Apple reported first-quarter results Thursday that topped Wall Street analysts as stronger services revenue offset weaker iPhone sales at a time when competition from smartphone rivals in China persists.

In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple ( AAPL -0.39%), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.

Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.

A tech sell-off on Monday saw more than $1 trillion in value erased over concerns over China's DeepSeek AI app.

Wall Street's tech giants dragged US frontline indices on Monday after China's AI startup DeepSeek rattled Silicon Valley and hit the top of Apple’s App Store chart

Wall Street analysts are known for being ... This includes revenue from its App Store, search-sharing revenue, Apple TV, Apple Pay, and other subscriptions and services. Last fiscal year, its ...

Apple's much-anticipated sales in Greater China fell to $18.5 billion, down 11% from $20.8 billion in the year-ago fiscal first quarter. That was also below Wall Street's estimates. According to FactSet,

The tech giant’s sales of apps and services helped profit grow 7 percent from a year ago, even as the company contended with slumping sales in China.

Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy ...

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Catherine, Princess of Wales continued her phased return to public duties on Thursday, visiting a children’s hospice in Wales, as it was announced that she’d become a patron of the organization. Tŷ Hafan was the first children’s hospice in Wales when it opened in 1999.