Ahead of Apple's (AAPL) 2025 Worldwide Developers Conference kicking off this Monday, June 9, Needham analysts downgraded the iPhone maker from a Buy rating to Hold while removing its price target on the tech stock. Needham & Company senior media and internet analyst Laura Martin — the analyst behind the call — examines several of Apple's biggest problems as it faces pressures in China's consumer market and the team-up between OpenAI and former Apple designer Jony Ive. Here's a look at what to expect from the 2025 WWDC event. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here...
Continue ReadingInvesting.com -- Apple’s attempt to pause a lower court ruling that forces it to allow third-party payment links in its App Store was denied by the Ninth Circuit Court of Appeals, resulting in several Wall Street analysts providing their thoughts...
Continue ReadingA new study says Apple's App Store generated $1.3 trillion in sales and billings in 2024...
Continue ReadingApple (NASDAQ:AAPL) has reportedly secretly completed the stealth acquisition of WhyLabs, a Seattle-based AI startup focused on real-time monitoring and security for artificial intelligence applications, GeekWire says. Founded in 2019, WhyLabs was spun out of the Allen Institute for AI and gained traction with its observability platform, which was recently upgraded for real-time security monitoring of generative AI applications. GeekWire says that while no official announcement has been made, mu...
Continue ReadingAnalysts Withdraw $225 Target, Cite Valuation, Tariffs, and Lack of Cloud Leverage...
Continue ReadingChina Halts Apple-Alibaba AI Deal as Trade Tensions Flare...
Continue ReadingApple shares are wavering this year amid Donald Trump’s tariff plans and his insistence that the company make its flagship product in the US. The stock is down 16% so far this year. Gene Munster, Deepwater Asset Management managing partner, said in a program on CNBC that Apple is going through a “fluid” situation and […]...
Continue Reading(Bloomberg) -- Microsoft Corp. Chief Executive Officer Satya Nadella said his company’s crucial partnership with OpenAI is changing, but remains strong.Most Read from BloombergICE Moves to DNA-Test Families Targeted for Deportation with New ContractThe Global Struggle to Build Safer CarsNYC Residents Want Safer Streets, Cheaper Housing, Survey SaysThe Buffalo Architect Fighting for Women in DesignUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn“Any company that has gone from...
Continue ReadingInvesting.com -- Apple (NASDAQ:AAPL) has engaged Tata Group to manage repairs for its iPhones and MacBook devices in the rapidly expanding Indian market, according to a Reuters report on Thursday. This move indicates a deepening involvement of the Indian conglomerate in the supply chain of the U.S. tech behemoth...
Continue ReadingDeepwater’s Gene Munster, a prominent tech analyst, has shared his insights on Apple Inc.‘s (NASDAQ:AAPL) upcoming Worldwide Developers Conference (WWDC) and the company’s future in artificial intelligence (AI). What Happened: In a post on X on Tuesday, Munster suggested that the WWDC would focus on traditional operating system updates, leaving investors questioning Apple’s timeline for losing customers. He estimated that Apple has about two years to get its AI strategy right, but it will requir...
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