For Apple, Google and the rest of Big Tech, a Biden election victory could be the worst outcome
If the Democratic candidate secures victory in Tuesday's vote, the tech giants could find themselves under renewed regulatory pressure
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NASDAQ:AAPL
Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a variety of related services. The company's product categories include iPhone, Mac, iPad and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS and tvOS. Apple's services include advertising, AppleCare, cloud services, digital content and payment services.
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If the Democratic candidate secures victory in Tuesday's vote, the tech giants could find themselves under renewed regulatory pressure
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For the week, the DJIA and S&P 500 fell 6.5% and 5.6%, respectively, while Nasdaq lost more than 5%
Hardware & electrical equipment
Despite the top-line figure, the group also reported a sharp fall in iPhone sales, which was attributed to the delayed launch of its new range of smartphones
The tech giants will draw a large amount of investor attention as many prepare to cash in on the Christmas period, while others face battles with regulators and politicians over their practices
The tech giant's move comes as US antitrust regulators pressure Google over a multi-billion dollar deal with Apple to give its search engine default status on iPhone's and other products
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For the week, the S&P 500 lost 0.5% while the Dow and Nasdaq dipped 0.95% and 1.1%, respectively
Hardware & electrical equipment
The four new devices will introduce 5G to Apple's flagship phone for the first time, while the tech giant also announced the HomePod mini, a smaller version of its HomePod smart speaker
The tech giant is expected to unveil its new iPhone 12 range of smartphones, while there are also rumours of over-the-ear headphones and Bluetooth tracking tags
The Dow Jones Industrial Average snapped a 4-day winning streak
Investments and investor services
Apple jumped 6.35% in a run-up to a key event Tuesday when the tech giant is expected to unveil its first 5G iPhone
Hardware & electrical equipment
An iPad, two watches and fitness app were revealed at Tuesday's online presentation.
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But financials and consumer staples weighed on the blue-chip DJIA
The tech giant has a number of companies in its supply chain that are alleged to have used forced labour from the Chinese province, where around 1mln Uyghur muslims are estimated to be detained in concentration camps
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But Apple, which was down as much as 8.3% during the day, closed up slightly to $120.96 a share
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The three major indices extended gains in afternoon trading Wednesday
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The Dow Jones and S&P 500 slipped below opening levels but still posted one of the best months of the past few years
Players of the game on Mac, iPhone and iPad will be unable to access the Marvel superhero-themed update due to an ongoing dispute between Epic and Apple over the latter's policies for products listed on its App Store
Hardware & electrical equipment
Apple shares will split four ways for investors holding the stock upon Monday's close.
“If everyone is paying more for safety, then the asset class becomes increasingly less safe as a result if things turn sour,” says one analyst
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The tech-heavy Nasdaq Composite Index hit 11,264, up 1.06%