Cisco shares jumped on Thursday and were on pace for their best day since November 2020, after the networking company announced layoffs and an earnings beat.
Apple announced a new iPad mini on Tuesday, offering the first update to its smallest tablet since 2021. It starts at $499 and launches in stores on Oct. 23.
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.