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The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales declines. As usual, the iPhone accounted for the bulk of Apple’s revenue. Apple’s services division, which is tied largely to the iPhone, posted an 11% rise in revenue from the previous year to $23.12 billion. Both the revenue and earnings for the quarter exceeded analysts’ projections, according to FactSet Research. But investors appeared unimpressed with the showing as Apple’s stock price dropped 2% in extended trading after the numbers came out.
Persons: Apple Organizations: FRANCISCO, Apple, Microsoft, Vision, Research Locations: Cupertino , California
Cash flow and capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that handily exceeded Street expectations. The Mac's return to growth is also notable, especially given the shorter quarter, indicating a significant acceleration in growth versus the September quarter. In services, sales advanced 11% year over year on the back of double-digit growth in paid subscriptions. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Tim Cook, Cook, Apple, Siri, we're, it's, Luca Maestri, We've, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Apple, Vision, CNBC, Apple Vision, Getty Locations: China, Malaysia, Mexico, Philippines, Poland, Turkey, India, Indonesia, Saudi Arabia, Chile, Kantar, U.S, Japan, Australia
Read previewThere's a lot of hype around the new Apple Vision Pro ahead of its launch in the US this Friday. AdvertisementIt's great for entertainment like watching movies …Reviewers seemed to have a positive experience watching movies on the Vision Pro. Spoonauer felt he "could see myself taking the Vision Pro on business trips and using it back at the hotel." "Other headsets have eye tracking and hand tracking, but none have the combination working as smoothly, subtly and intuitively as the Vision Pro," he wrote. Patel called the Vision Pro "a VR headset masquerading as an AR headset."
Persons: , preorders, MacRumors, Nilay Patel, Mark Spoonauer, Joanna Stern, CNET's Scott Stein, Patel, Stein, Stern, There's, CNBC's Todd Haselton, Spoonauer, peck, Haselton, Slack, it's, I've Organizations: Service, Apple Vision, Apple, Business, Meta, Vision, Meta Quest Locations: visionOS
A look at the Neuralink brain chip. Apple is set to launch its Vision Pro headset on Friday in what it describes as its big foray into "spatial computing." That space is essentially your head, with the Vision Pro built to create a canvas that emerges before your eyes while you wear it. question, the Vision Pro is also a response to the growing suite of headgear that Mark Zuckerberg has been creating at Meta. Products include the mixed reality Meta Quest Pro and Meta Quest 3, which, like the Vision Pro, are designed to be worn over your head.
Persons: , they've, Elon Musk, Musk, Neuralink's, Stephen Hawking, Neuralink, Mark Zuckerberg Organizations: Service, Business, Samsung, IDC, Welfare, China's Ministry of Industry, Information Technology, stoke, Apple, Meta, Products, company's Locations: Silicon, Neuralink's
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTApple Vision Pro Todd Haselton | CNBCIt's night. Here's what you need to know:What's goodApple Vision Pro Source: AppleI was skeptical when I first met with Apple to see the Vision Pro. Apple Vision Pro. Photos in the Apple Vision Pro Todd Haselton | CNBCI love the "spatial photos" you can capture using the cameras on the outside of the Vision Pro or with the latest iPhone 15 Pro and iPhone 15 Pro Max. Apple Vision Pro Todd Haselton | CNBC
Persons: Todd Haselton, Oregon's Mount Hood, I'm, I've, it's, Max, Joshua Tree, Slack, Barbie, It's, CNBC Apple Keychain, Siri, There's Organizations: CNBC, Apple Watch, UBS, Apple, Apple Vision, Vision Pro, Pro, Companies, Vision, Greyhound, CNBC Apple, Disney, Wars, Netflix, Spotify, YouTube, Amazon, Amazon Prime Locations: Oregon's Mount, U.S, Hawaii, White Sands
That valuation gives the startup unicorn status, the first in the AR glasses industry, Xreal claimed. Augmented reality (AR) technology allows digital images to be imposed over the real world. Xreal's latest AR glasses model, the Air 2 Ultra, is set to start shipping in March. On Jan. 8, Xreal said it had shipped 350,000 AR glasses since the company was launched in 2017. The startup said it plans to use the latest funding for research and development, as well as factory expansion.
Persons: Xreal, — CNBC's Arjun Kharpal Organizations: Xreal, Air, Vision Locations: BEIJING, U.S
Read previewWhen Apple launches the Vision Pro on Friday, it could really do with developers lapping it up. Given the price tag, Apple watchers aren't expecting the Vision Pro to fly off the shelves immediately. AdvertisementTo spur future consumer sales then, Apple really needs developers onside to help make the Vision Pro a success. In theory, it means developers aren't strictly limited to releasing their apps to Apple users through its own App Store. More broadly, it puts Apple and developers at odds with each other at a moment when Apple really needs apps for Vision Pro.
Persons: , It's, aren't, Apple Apple, Daniel Ek, Ek, Tim Sweeney, Sweeney, Apple, Apps, Mark Gurman Organizations: Service, Apple, Business, Vision, European Union, bloc's, Epic, Microsoft, Valve, Vision Pro
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
The $3,500 Vision Pro, a face computer that resembles ski goggles, will be released next week. The device, which includes high-resolution displays and sensors that track eye movements and hand gestures, is one of Apple’s most ambitious products. I was among the first group of journalists to try the Vision Pro last year and walked away impressed with the quality of the picture but ultimately not sure that people would want to wear it. The devices were intended to create immersive experiences for getting things done by moving the body instead of typing on keyboards. Sales of mixed reality and virtual reality headsets fell 8.3 percent last year, according to the research firm IDC, though they may rebound this year with Apple entering the market.
Persons: Apple’s Organizations: Pro, Google, Samsung, Sony, IDC, Apple
Read previewThis as-told-to essay is based on a conversation with Amanda Niszczot Riemersma, whose twins have Williams syndrome. They had respiratory problems, and after looking at them, the cardiologist said he thought they had Williams syndrome caused by the deletion of the elastin gene. AdvertisementAll I saw were the negatives: the health abnormalities, such as heart problems, and also potentially with their eyes, teeth, kidneys, and bowels. People with Williams syndrome can have mild to moderate intellectual disability. AdvertisementThose with Williams syndrome commonly have extremely outgoing personalities, unrelentingly happy dispositions, an unending openness to engaging with others, very little social inhibition, excellent linguistic skills, and a natural intuitiveness and empathy.
Persons: , Amanda Niszczot Riemersma, Williams, Mason, stupidly, Jordan, I'm Organizations: Service, Business Locations: Jordan, Newcastle, Australia
Apple's Vision Pro headset is taking preorders. AdvertisementThe Apple Vision Pro headset for spatial computing (do NOT call it "virtual reality") is almost finally here. Apple Vision Pro 2024 pic.twitter.com/qX9BJM7eDN — Marques Brownlee (@MKBHD) January 16, 2024Wired noticed that this tactic allowed Apple to obscure a sort of not-so-cool aspect of the headset: the bulky battery pack. The Vision Pro battery, which supposedly is pocket-sized. Apple is selling a $49 Belkin case for the battery pack that clips onto your belt.
Persons: Belkin, , qX9BJM7eDN — Marques Brownlee, Apple Lauren Goode, Goode Organizations: Service, Apple, Wired, Vision
Preorders for Apple 's $3,499 Vision Pro headset began Thursday morning ahead of its U.S. release on Feb. 2. The Vision Pro is Apple's first new product category since it released the Apple Watch in 2015. Wall Street doesn't expect Apple to sell it in the same quantities as it does its other products, like the iPhone, Apple Watch and Mac, at least not at first. UBS' David Vogt estimates Apple could generate about $1.4 billion in revenue from the Vision Pro in 2024, assuming Apple ships about 400,000 handsets. The entry-level Vision Pro comes with 256GB of storage and the same M2 chip that Apple includes in some of its Macs.
Persons: Morgan Stanley, Erik Woodring, David Vogt, Apple's Organizations: Apple, Apple Watch, UBS, Vision, Worldwide Developers
Bank of America thinks Apple can recover from its slow 2024 start and notch big gains going forward. He also raised his price target to $225 per share, which implies 23% upside from Wednesday's close. Mohan noted he expects Apple to implement AI features in its iOS 18 operating system later this year. He also said the Vision Pro headset "could surpass iPad revs over time as spatial computing takes hold offering differentiated use cases driving services upside." AAPL YTD mountain Apple in 2024 Apple shares have been under pressure in early 2024, losing more than 5% after rallying 48% last year.
Persons: Apple, Wamsi Mohan, Mohan, downgrades, Piper Sandler, BofA Organizations: of America, Apple, Barclays Locations: U.S, China
The Apple Vision Pro is a mixed-reality device that combines virtual and augmented reality, but Apple would rather you call it a "spatial reality" headset. AdvertisementApple Vision Pro: How to orderPrepare for the (slightly convoluted) process of ordering an Apple Vision Pro. AppleThe purchasing process for the Apple Vision Pro is more involved than the company's other products. AdvertisementApple Vision Pro: FeaturesThe Vision Pro projects hovering displays to your eyes, and can be used to run apps as you would on a Mac computer with multiple monitors. The Apple Vision Pro can also play videos on a hovering display that feels like a huge TV.
Organizations: Apple, Apple Vision
Read previewAhead of the February 2 launch of Apple's Vision Pro, reporters were again given access to the virtual reality headset. "Talking to someone today while they were wearing Vision Pro the render of their eyes was deeply real," Josh Rubin at Cool Hunting said on Threads. It is still just a VR headset 'searching for a purpose'One overarching critique of the Vision Pro has been: What's the point? AdvertisementIn this most recent round of opinions, it seems testers can't see past the limited use cases for the Vision Pro. "I'm just still trying to see where it fits in the real world," Song wrote.
Persons: , Rich DeMuro, Josh Rubin, Cool, Song, Rubin, Dana Wollman, Low, Mark Gurman, Joanna Stern, Stern, Gurman, Nilay Patel, I'm, it's, Wollman Organizations: Service, Apple's, Pro, Business, Apple, Engadget, Bloomberg, Vision
Apple plans to host demos for its $3,500 Vision Pro at Apple Stores. Users will be shown how to view images and videos while wearing the headset, Bloomberg reported. AdvertisementApple recently announced that it was offering up free demos of its much-anticipated mixed-reality headset, Vision Pro. Apple retail workers will start by fitting users with a headset and explaining how the interface works. Once the headset is on, users will be shown how to view still, panorama, and 3D images that Apple calls "spatial photos," per Bloomberg.
Persons: Organizations: Apple Stores, Bloomberg, Service, Apple, Employees, Digital
Chinese AR glasses and software company Rokid announced it raised $70 million in a funding round led by the government of Hefei city. BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city. Augmented reality (AR) technology allows digital images to be imposed over the real world. Apple' s Vision Pro virtual reality headset, set for release on Feb. 2, also allows users to see the real world using what the company calls "spatial computing" technology. Rokid sells AR glasses for consumers.
Persons: Rokid, Misa Zhu Organizations: CNBC Locations: Hefei, BEIJING, Hefei city, Shanghai, China
Apple's Vision Pro will launch in the U.S. on Feb. 2, the company said in a press release Monday, with preorders beginning Jan. 19. The Vision Pro is Apple's first new product category since the Apple Watch launched in 2015. UBS, for example, anticipates Vision Pro revenue could be around $1.4 billion, a "relatively immaterial" amount. Apple says that several productivity and creativity apps will work with Vision Pro, including Microsoft's Office suite and Salesforce's Slack. With the new headset, Apple aims to change how consumers experience gaming and video content.
Persons: Tim Cook, haven't, Salesforce's Slack Organizations: Vision, Apple, Worldwide Developers, Apple Watch, UBS Locations: U.S
Earthquakes vs. aftershocksThe modern seismic activity the researchers studied is likely a mixture of aftershocks from the big quakes from the 1800s and background seismicity, Chen said. “Are small earthquakes in the New Madrid seismic zone aftershocks of 1811-1812 or not?” Hough said in an email. “The new study considers the question from a different angle, considering how tightly clustered earthquakes are, and concluding that some of the events are ongoing aftershocks,” Hough said. Aftershocks might still be continuing, but once the normal seismic rate for the area returns, she said, you can no longer identify them as aftershocks. “For this reason, we seismologists sometimes disagree about which earthquakes are foreshocks or aftershocks,” Ebel said, “and I think those disagreements are inherently unresolvable.”
Persons: , , Yuxuan Chen, geoscientist, Chen, , Susan Hough, Hough, ” Hough, “ We’ve, . Fuller, Morgan Page, John Ebel, Ebel, John Karl Hillers, ” Ebel Organizations: CNN, Missouri -, of Geophysical Research, Wuhan University, Earthquakes, US Geological Survey, Survey, . Geological, USGS Earthquake Science, Boston College, . Geological Survey, San Locations: States, Missouri, Missouri - Kentucky, Charleston , South Carolina, Madrid, Memphis, Mississippi, Charleston, North America, China, New Madrid, Chickasaw, Reelfoot Lake , Tennessee, Boston, California, Eastern North America, Southern California, Northern California, San Andreas, Central
CNN —As a young boy growing up in the 1960s in Mthatha, South Africa, Luyanda Mpahlwa loved to draw houses. Mpahlwa was among the first Black Africans permitted to study architecture in South Africa. “South Africa was in a state of emergency,” he said. There, he earned a master’s degree in architecture from the Technical University of Berlin in 1989 and began working for Pysall.Ruge, a design firm based in what is now the German capital. “The reality is the majority of people of South Africa live in conditions that are actually below what we should be defining as an urban environment,” he said.
Persons: Luyanda Mpahlwa, , Mpahlwa, Nelson Mandela, , Curry, ” Mpahlwa, iThemba, “ We’ve Organizations: CNN, Town, Design Network, South, Radisson, Technical University of Berlin, Pysall.Ruge, Technikon Natal, Durban University of Technology, Embassy, African Institute of Architects, MMA, Department of Basic Education, Design, Lutheran Community Center Locations: Mthatha, South Africa, Robben, , Cape Town, “ South Africa, Berlin, Germany, Luyanda, Africa, , Eastern, Cape Town’s, Kosovo, Philippi Township, Western Cape
Autonomous vehicles — or vehicles embedded with chips and sensors to enable self-driving — have been picking up steam, and several stocks make good plays on the theme, according to Fubon Research. Providers of sensors and cameras are among the autonomous vehicle related companies on Fubon Research's watch. 3008-TW YTD mountain Year-to-date share price of Largan Precision On Largan, Fubon Research's analysts pointed out that the company stands to gain from the addition of cameras in autonomous vehicles. "Cameras have become an important part of ADAS and autonomous driving. NVDA YTD mountain Year-to-date share price of Nvidia Meanwhile, Nvidia made Fubon Research's watch list thanks to its development of autonomous vehicle technologies under its NVIDIA DRIVE platform.
Persons: Fubon, Tong, — CNBC's Michael Bloom Organizations: Research, Jefferies, Autonomous, Nvidia, NVIDIA, Primax Electronics, Qualcomm Inc Locations: Taiwan, ADAS
Scientists found that the black hole at the center of our galaxy is spinning so fast its dragging space-time along. AdvertisementA team of scientists has discovered that the black hole at the center of the Milky Way galaxy is spinning so fast that it's squishing space-time. Advertisement"But if you have a rapidly rotating black hole, the space-time around it is not symmetric," Daly said, according to CNN. "The spinning black hole is dragging all of the space-time around with it … it squishes down the space-time, and it sort of looks like a football." That may sound alarming, but don't worry; the black hole is way too far away to affect us here on Earth.
Persons: , Chandra, Ruth Daly, We're, Daly Organizations: Service, Royal Astronomical Society, NASA, CNN
The researchers confirmed that the black hole is spinning, which causes what is known as the Lense-Thirring effect. “But if you have a rapidly rotating black hole, the space-time around it is not symmetric — the spinning black hole is dragging all of the space-time around with it … it squishes down the space-time, and it sort of looks like a football,” she said. Black holes and galactic historyKnowing the mass and the spin of a black hole helps astronomers understand how the black hole might have formed and evolved, Daly said. However, a black hole that was made with accretion of surrounding gas would see a high spin value. “The question of whether our central galactic black hole rotates or not, or how fast it rotates, is quite important,” Stojkovic said in an email.
Persons: NASA’s Chandra, Ruth Daly, Daly, ” Daly, “ We’re, , , Dejan Stojkovic, ” Stojkovic Organizations: CNN, Royal Astronomical Society, Penn State University, University, Buffalo
Finnish mixed-reality startup Varjo on Monday launched its latest headset, the XR-4, a product it hopes to sell to large enterprise firms. The headset, which starts at a price of $3,990, is similar to those from Meta , Microsoft and Apple . Unlike consumer offerings from companies such as Meta, Varjo's headset is intended for enterprise use cases. For example, a pilot working for a major defense contractor could use it to train in a virtual reality simulation. The XR-4 headset has two 4K displays and a 50% wider field of view compared with previous-generation devices.
Persons: Patrick Wyatt, Apple's, Varjo Organizations: Monday, Meta, Microsoft, Apple, CNBC, Vision, Volvo Locations: Helsinki, Atomico
Learn moreApple AirPods and AirPods Pro are some of the most popular items you can find among the best Cyber Monday deals. Right now, you can find the new AirPods Pro with USB-C charging available for $60 off from Amazon — its lowest sale price. Read more about both models in our AirPods Pro review and AirPods 2 review. Best Cyber Monday Apple AirPods dealsBecause AirPods always go on sale during the year, you should never pay full price. These perks help make them our overall pick for the best AirPods you can buy.
Persons: AirPods, Max, They're, Apple AirPods Organizations: Apple, Amazon, Apple Watch, ANC
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