By news@appleinsider.com (William Gallagher) Investment firm JP Morgan has cut its Apple price target by $10 following the company’s earnings report that showed iPhone declining in China.Apple CEO Tim CookOverall, Apple’s earnings report showed a bounce back from its 2023 dip, but the detail in the announcements has JP Morgan predicting future declines. The analysts were particularly unimpressed with how Apple tried to spin its earnings results by stressing multiple reasons that direct year on year comparisons could not be done.”Apple looked to explain the F2Q revenue outlook for a roughly -5% decline y/y through the tougher compares on account of the iPhone supply fill-in during F2Q last year,” wrote JP Morgan in a note seen by AppleInsider, “excluding which revenues are expected to track flat y/y despite a tough macro backdrop.” Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (William Gallagher) Apple is said to be working with suppliers and considering a 2026 timeframe for the release of a foldable iPad.Apple’s current iPad mini could be replaced by a folding versionFollowing years of rumors of an iPhone Fold, most recent rumors have shifted to predicting Apple will release a foldable iPad first. Several sources have said it may even come in 2024, though that particular detail is repeatedly contested.Now The Elec claims to have information that Apple is looking to schedule a small, folding iPad for release sometime between 2026 or 2027. Rumor Score: 🤔 Possible Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Christine McKee) An exclusive $500 discount is in effect on Apple’s M2 Pro MacBook Pro 16-inch, dropping the price to $1,999, on top of $80 in savings on AppleCare.Apple’s M2 Pro 16-inch MacBook Pro with a 19-core GPU, 16GB RAM and a 512GB SSD is now available at a heavily discounted price of $1,999. Simply use promo code APINSIDER during step 3 of checkout, which knocks $500 off the $2,499 price when ordered the configuration in the Silver finish.Use code APINSIDER Continue Reading on AppleInsider
By news@appleinsider.com (Wesley Hilliard) Despite an earnings beat for Q1 2024, Piper Sandler believes the iPhone will see continued headwinds leading to a challenging March quarter.iPhone 15 ProApple beat Wall Street’s expectations with $119.58 billion in revenue for Q1 2024. Even iPhone revenue was up year-over-year after a slump in 2023, but market headwinds continue to concern investors.In a note seen by AppleInsider, investment firm Piper Sandler has set a neutral rating for Apple. Also, it has reduced the price target to $190 from $205. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Wesley Hilliard) Meta CEO Mark Zuckerberg says Apple’s DMA compliance makes it “difficult for anyone” to adopt, including Meta.Meta Quest 3The European Union created the Digital Markets Act to combat companies designated as gatekeepers from monopolizing their platforms. Apple’s compliance with the DMA will allow third-party app stores, reduce commissions to 17%, and implement a Core Technology Fee of 0.50 Euro per first install of an app after 1 million installs.According to TechCrunch, Meta CEO Mark Zuckerberg voiced his thoughts on Apple’s compliance with the DMA during an earnings call. He referred to the rules as “onerous” and expects developers to be unable to adopt them. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Wesley Hilliard) A Stanford study of extended use of headsets like Apple Vision Pro shows that users could encounter real-world aftereffects like depth perception issues or simulator sickness.Apple Vision ProSpatial computing is Apple’s self-chosen buzzword for wearable computers with passthrough capabilities. The newness of this technology means there is little information about the health implications of using such tools, but researchers are on the job.According to a research paper published by Stanford’s Virtual Human Interaction Lab, VR headsets that rely on passthrough like Meta Quest 3 and Apple Vision Pro could have psychological implications for users. While the research is meant to be more of a guideline for building the foundations of future research in the field, the results indicate users should be cautious when using these products for extended periods. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Michael Stroup) Apple’s fourth quarter earnings revealed that there are more than 2.2 active devices in use spanning the product lineup, which is a main driver to Apple’s continued successes in Services.The Apple lineup remains popular, with 2.2 billion active devices. Propelling these numbers is the iPhone 15 lineup, which has an astounding 99% customer satisfaction rating and holds the top spot in sales for all markets, including four out of five best-selling models in the U.S., four of the top six in the U.K., and all five in Australia.The iPhone 15 also set an all-time high with upgrades, and the iPhone 15 lineup drove a 6% increase in sales over last year’s quarter four. It broke records for sales in Europe and Asia-Pacific Major. According to Tim Cook, “The iPhone 15 is outselling the iPhone 14,” which signals the increasing popularity of the iPhone and the growth of active devices. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (William Gallagher) Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.A Siri icon superimposed on Apple ParkApple’s Cook took the opportunity of the firm’s latest financial earnings call to enthuse about the Apple Vision Pro and the future of AI. “We are announcing these results on the eve of what is sure to be an historic day as we enter the era of spatial computing,” he said. “Moments like these are what we live for at Apple, they’re why we do what we do.”He said that this is “why we’re so unflinchingly dedicated to groundbreaking innovation,” and also “why we’re so focused on pushing technology to its limits as we work to enrich the lives of our users.” Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Wesley Hilliard) Research and development spending has increased consistently for over a decade at Apple, but it’s basically flat year over year for Q1 2024.Apple ParkApple spends incredible amounts of money on research and development each quarter. According to Apple’s Q1 2024 earnings report, it spent $7.7 billion in the space.When viewed each quarter, Apple has increased its spending on R&D year-over-year every quarter since at least 2013. For Q1 2024, it was nearly flat for the first time. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Amber Neely) As Apple prepares to alter its App Store regulations to comply with the European Union’s new Digital Markets Act, the company is now offering consultations to help developers better understand their options.Apple App Store iconApple announced in January that it would allow EU developers to sell their apps through other app stores. Although this was seen as a victory by some, it’s not immediately obvious which developers should continue using the official App Store or branch out on their own.To assist developers in making decisions, Apple recommends requesting a 30-minute online consultation session with their team. This will provide an opportunity to gain clarity, ask questions, and give feedback on proposed changes. Requests can be made through Apple’s developer page. Continue Reading on AppleInsider | Discuss on our Forums
