Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Apple has made headlines with the launch of its new iPhone Air in China, which sold out within minutes, showcasing the company’s strong brand loyalty in the region. The phone’s standout feature is its ultra-thin design, measuring just 5.1mm. This launch coincided with Apple CEO Tim Cook’s visit to China, where he engaged with fans and officials, and announced new investments, including a research lab in Shenzhen. Despite expanding manufacturing to other countries due to U.S. tariffs, China remains a crucial market for Apple.
In another strategic move, Apple has secured a five-year deal to make Apple TV the exclusive home for Formula 1 races in the U.S. starting in 2026, paying around $140 million annually for the rights. This deal marks a significant shift from ESPN, which previously held the rights. Apple TV subscribers will have full access to F1 races as part of their standard subscription, enhancing Apple’s live sports offerings. This partnership is expected to further increase Formula 1’s presence in the U.S., building on Apple’s growing relationship with the sport.