iPhone maker Apple ’s AAPL stock has been hovering around a record high recently, reflecting bullish price action. The stock is up 27.4% this year, way lower than one of the most talked-about Mag 7 members NVIDIA Corp. NVDA (up 198% year to date).

Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs. Shares of the iPhone maker were down 0.7% to $234.95 in premarket trading Tuesday.

The iPhone wasn’t just three devices in one—it was a revolution still unfolding. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Apple announced a preview of Apple Intelligence this summer.

More on Apple, Goldman Sachs, etc. Taking Stock Of Apple As Earnings Near Apple: Why It Is One Of The Best Businesses In The World Why It Might Be Time To Avoid

Corporate giants Goldman Sachs and Apple will pay $89 million for violations of consumer protection laws in their joint credit card business, the U.S. Consumer Financial Protection Bureau announced Wednesday.

Apple and Goldman Sachs have officially been hit with over $89 million in fines due to “Apple Card failures.” The Consumer Financial Protection Bureau announced the ruling today after a multi-year probe into Apple Card.