DeepSeek, a Chinese-made AI chatbot, soared to the top of the Apple Store's download charts, stunning analysts with its ability to match US competitors. | TAG24

Chinese firm DeepSeek's artificial intelligence chatbot has soared to the top of the Apple Store's download charts, stunning industry insiders and analysts with its ability to match its US competitors.

Argus analyst Jim Kelleher keeps a Buy rating and $280 price target on Apple (AAPL) after its Q1 results. The company’s iPhone sales missed

Apple’s robust service growth offsets iPhone struggles. Read why AAPL stock’s premium valuation and technical strength make it an attractive buy.

Samik Chatterjee, an analyst from J.P. Morgan, maintained the Buy rating on Apple (AAPL – Research Report). The associated price target was

During its first quarter earnings call, Tim Cook again gave special attention to Apple's performance in emerging markets, particularly in India, the second largest smartphone market in the world, and the Middle East.

As Wall Street worries about the lower sales in China, Apple CEO Apple CEO Tim Cook said he is "very comfortable" with the company's channel inventory. Cook said in the beginning of the call that over half of Apple's revenue decline in China was driven by a change in channel inventory,

Apple Inc. pulled off a major feat for Wall Street, managing to report better-than-expected revenue and earnings in its fiscal first quarter, even amid an unexpected revenue decline in Greater China.

Apple CEO Tim Cook speaks at the China Development Forum (CDF) 2024, in Beijing, China March 24, 2024. When Apple reported its December quarter earnings on Thursday, it revealed that China sales had dropped 11.1% on an annual basis. Cook told analysts that over half of the decline was due to inventory issues.

Macworld Apple’s all-important holiday quarter was something of a mixed bag. For one, Apple posted what it called it’s “best quarter ever” with revenue of $124.3 billion, up 4 percent year over year.

DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive to Beijing

The spotlight on DeepSeek comes amid rising tensions over trade, geopolitics and other issues between the two superpowers. The U.S. has already imposed significant export controls on China in an effort to rein in Beijing's production of semiconductors used in developing advanced AI, with the most recent curbs coming in December.