Apple Stock News

Apple CEO Tim Cook told CNBC's Jim Cramer why his company is investing $2.5 billion to manufacture glass in Corning's Kentucky factory, praising the company's technology. "This is the place to put it," Cook said of his investment in Corning.

Here are some of the major companies whose stocks moved on the week's news.

Stock buybacks, also known as share repurchases, are common practices for many companies to allocate capital. When a company buys back its own stock, it reduces the number of outstanding shares available, which can raise the stock price if demand stays the same.

Robby Walker, one of Apple's most senior artificial intelligence executives, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of the matter.

Apple Inc (NASDAQ:AAPL, ETR:APC) is seeing strong early demand for its newly unveiled iPhone 17 lineup, according to analysts at Wedbush, who reiterated their ‘Outperform' rating and $270 price target on the stock. Shares traded hands at $233 on Friday afternoon.

Apple said the iPhone Air's release date in China is "subject to regulatory approval." The iPhone Air's eSIM-only design conflicts with China's limited eSIM carrier support.

Apple Inc (NASDAQ:AAPL, ETR:APC) has delayed the launch of its new iPhone Air in mainland China, diverging from its original plan to release the device in tandem with the United States and other key markets. When pre-orders for Apple's latest models opened on Friday, the company's China website did not allow customers to purchase the iPhone Air.

Apple postponed the launch of the iPhone Air in mainland China due to its eSIM design. Wireless carriers in China must obtain regulatory approval before they can sell devices with an eSIM, the company said.