Apple News: OpenAI Lawsuit, Q3 Earnings, Senator Stock Sales
2h ago·0:00 listen·Source: Benzinga
Summary
OpenAI is seeking to dismiss a trade secrets lawsuit filed by Apple. OpenAI states it has no use or desire for Apple's trade secrets and is building something new. In other Apple news, the company reported third-quarter revenue of $109.42 billion, exceeding analyst estimates. Earnings were $2.02 per share, also beating estimates. However, Apple issued fourth-quarter sales guidance that was below expectations. Finally, a senator sold shares in Apple and another company before significant market moves. This information offers a quick update on key events surrounding Apple this week.
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