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☆ Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
▼ + stars: | 2024-11-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Indonesian government expects Apple to increase its proposed $100 million investment into the country, according to state media, as the iPhone maker seeks clearance from Jakarta to sell its latest phones. According to a report from Indonesian state media, the country's Ministry of Industry met with representatives from Apple on Thursday regarding its proposal to invest $100 million over two years. "From the government's perspective, of course, we want this investment to be larger," industry ministry spokesperson Febri Hendri Antoni Arif told state media on Thursday. While Indonesia represents a small market for Apple, it also offers growth opportunities as it has the world's fourth-largest population, according to Le Xuan Chiew, a Canalys analyst focusing on Apple strategy research. Success in this market requires a long-term approach, and Apple's investment offer demonstrates a commitment to complying with local regulations and paving the way for future growth, he added.

Persons: hasn't, AirPods Max, Apple didn't, Febri Hendri Antoni Arif, Le Xuan Chiew Organizations: Fifth, Apple, country's Ministry of Industry, CNBC Locations: New York City, Indonesian, Jakarta, Indonesia

Apple is currently discounting some of our favorite wireless earbuds and over-ear headphones — the AirPods Pro 2 and AirPods Max, ahead of Black Friday. NBC Select reporter Harry Rabinowitz says they are the best wireless earbuds for anyone with an iPhone. Apple’s first over-ear bluetooth headphones, the AirPods Max have powerful audio quality, active noise cancelation, transparency mode and spatial audio. NBC Select associate reporter Bianca Alvarez loves using them to focus at work and when flying. Harry Rabinowitz is a reporter for NBC Select who has covered deals and sales for over two years.

Persons: AirPods Max, Harry Rabinowitz, ”, Apple’s, Max, Bianca Alvarez, “, “ I’ve, Cory Fernandez, TikTok Organizations: Apple, NBC, Amazon, Facebook, Twitter

☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
▼ + stars: | 2024-11-21 | by ( Hugh Son | ) www.nbcnews.com time to read: +3 min

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include payments services from Apple, Google and Amazon, as well as fintech firms including PayPal and Block and peer-to-peer services Venmo and Zelle. While the CFPB already had some authority over digital payment companies because of its oversight of electronic fund transfers, the new rule allows it to treat tech companies more like banks. “Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” said CFPB Director Rohit Chopra. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.

Persons: ”, Rohit Chopra, CFPB, Trump Organizations: Consumer Financial, Tech, Apple, Google, PayPal, “, Federal

☆ DOJ calls for Google to sell Chrome and HomeGoods highlighted on TikTok: Morning Rundown
▼ + stars: | 2024-11-21 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

Trump’s plans for his first day in officePresident-elect Donald Trump plans to waste little time when he begins his second term in office. But much of Trump’s Day One goals will likely focus on stopping illegal immigration, the centerpiece of his candidacy. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google should be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. These are some of the quirky items TikTok users have discovered during trips to their local HomeGoods stores.

Persons: Donald Trump, Laken Riley’s, Pope Francis, Joe Biden, Trump, won’t, Elon Musk, Vivek Ramaswamy, Matt Whitaker, Matt Gaetz, Dr, Mehmet Oz, Laken Riley, Jose Antonio Ibarra, Ibarra, Riley, Riley’s, Allyson Phillip, “, ”, → Susan Smith, →, Bryan Kohberger, Pope, Carlo Acutis, Francis Basilica, ” Pope Francis, he’ll, Acutis, Maurizio Cattelan’s “, Patrick Mahomes, Travis Kelce —, Milhouse Van Houten, Halyna Hutchins, Joel Souza, Jeff Greenberg, Daysia Tolentino, — Saba Organizations: Catholic, Biden, Trump, Security, Elon, Wall Street, NATO, Cabinet, Medicare, Services, North Carolina Republican, Democratic, U.S, University of Idaho, Google, Chrome The Department, Justice, Chrome, DOJ, Apple, Samsung, Android, Adolescents, Vatican News, FBI, Kansas City Chiefs, Indiana University, Hoosiers, NBC News, Staff, Universal, Getty, NBC, Target Locations: Russia, Ukraine, North, California, Venezuelan, St, Assisi, Italy

The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. In August, a federal judge ruled that Google holds a monopoly in the search market. Last month, the DOJ indicated it was considering a breakup of Google businesses, including potentially breaking up its Chrome, Play or Android divisions.

Persons: Sherman Organizations: Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android

☆ The DOJ vs. Google: Breaking down the latest in the antitrust case and what it means for Chrome's future
▼ + stars: | 2024-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .

Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, —, Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London

☆ I'm 27 and paid $156 for a buzzy health test, fearing I was unknowingly sick. It was reassuring but I felt scammed.
▼ + stars: | 2024-11-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +8 min

AdvertisementThe idea that testing and tracking your health will help you live longer is buzzy right now. I feared I had problems like high cholesterol or blood sugar and paid $156 for a direct-to-consumer health test. The author eating pineapple to feel less dizzy after the blood tests. AdvertisementDirect-to-consumer tests might seem like a good idea, but in most cases, you'd be better off letting sleeping dogs lie. AdvertisementMore testing isn't necessarily betterPeople tend to think that tests can only do good, but unnecessary health testing can actually be harmful, Plüddemann said.

Persons: I'd, you'll, Max, I'm, I've, Kim Schewitz, Annette Plüddemann, Plüddemann Organizations: Global Wellness Institute, University of Oxford, Nova Locations: Arizona, Australia

☆ DOJ asks judge to force Google to sell Chrome as remedy in landmark antitrust case
▼ + stars: | 2024-11-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.

Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case

☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
▼ + stars: | 2024-11-21 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include popular services from Apple and Google , as well as payment firms like PayPal and Block . "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra. A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.

Persons: Rohit Chopra, CFPB Organizations: Banking, Housing, Urban Affairs Committee, Consumer Financial, Tech, Apple, Google, PayPal, Federal Register

☆ Triller is hiring TikTok's former head of product to run its video app, as its other CEO hire falls through
▼ + stars: | 2024-11-21 | by ( Kenneth Niemeyer | Dan Whateley | ) www.businessinsider.com time to read: +5 min

AdvertisementTriller hired former TikTok product head Sean Kim to run its video app and a few other subsidiaries. Former T-Mobile marketing exec Kevin McGurn will no longer join as CEO of all of Triller Group. Triller, a media and marketing company that once positioned itself as a competitor to TikTok, announced it's hiring former TikTok product head Sean Kim to serve as CEO of its video app. Starting on December 2, he will oversee the Triller app, a short-video platform that functions similarly to TikTok, Instagram reels, and YouTube shorts. The Triller Group CEO title was meant to go to former T-Mobile marketing executive Kevin McGurn, as announced by the company in October.

Persons: Triller, Sean Kim, Kevin McGurn, TikTok, Kim, Julius, McGurn, it's, Donald Trump Organizations: Mobile, Triller, Holding, Triller Group, AGBA, Sony Music, Universal Music Group, SEC, Congress, YouTube Locations: Hong Kong, Triller

Learn moreAs soon as November kicked off, retailers started their early deals events, and things have escalated even further as the Amazon Black Friday sale week begins today. We'll be tracking the best Amazon Black Friday deals throughout the month and gathering them here. You can also check out more of the holiday's best discounts in our roundup of the best Black Friday Walmart deals . View at AmazonCheck out our roundup of the best Black Friday TV deals here. Best Amazon Black Friday smartphoneCheck out our guide to the best Apple Black Friday deals here.

Persons: Dyson, we've, Cook Organizations: Business, Amazon, Black, Walmart, Apple, Kindle, Alexa, Kettle, Amazon Prime

☆ A personal trainer to Ryan Reynolds and Blake Lively shares his 5-meal-a-day diet and why he tracks his food intake
▼ + stars: | 2024-11-21 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

AdvertisementDon Saladino, a celebrity trainer, eats five nutritionally balanced meals a day. Related VideoA celebrity personal trainer, Saladino thrives on eating and training to optimize his health, performance, and physique. Saladino has annual body scans and tests to see how his body responds to changes in his diet, training, or lifestyle. AdvertisementThis means that Saladino's diet and training are both structured, and he is continually pushing himself, he said. One major benefit of tracking his food intake is that it ensures he eats enough, Saladino said.

Persons: Don Saladino, Saladino, Ryan Reynolds, Blake Lively, Peter Hurley Saladino, Cindy Ord Organizations: Rice, Getty Locations: New York

☆ Alphabet shares slide 6% following DOJ push for Google to divest Chrome
▼ + stars: | 2024-11-21 | by ( Cj Haddad | ) www.cnbc.com time to read: +1 min

Alphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its Wednesday filing, "permanently stop Google's control of this critical search access point and allow rival search engines the ability to access the browser that for many users is a gateway to the internet." This development is the latest in a years-long, bipartisan antitrust case that found in an August ruling that the search giant held an illegal monopoly in both search and text advertising, violating Section 2 of the Sherman Act. The potential break-up would include preventing Google from entering into exclusionary agreements with competitors like Apple and Samsung, part of a set of remedies that would last 10 years. CNBC's Jennifer Elias contributed to this report.

Persons: Sherman, CNBC's Jennifer Elias Organizations: Department of Justice, Google, DOJ, Apple, Samsung

☆ Why Musicians Aren't Making Money: Streaming, Record Labels & TikTok
▼ + stars: | 2024-11-21 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +19 min

Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."

Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, —, TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles

☆ Meet the man making money for Tucker Carlson, Megyn Kelly, and Bari Weiss
▼ + stars: | 2024-11-21 | by ( Peter Kafka | ) www.businessinsider.com time to read: +10 min

AdvertisementIt used to be that leaving Fox News or other big media outlets was the end of your career. Ask two former Fox hosts, Tucker Carlson and Megyn Kelly, or Bari Weiss, an ex-New York Times editor. People like the former Fox News stars Tucker Carlson and Megyn Kelly, and the former New York Times writer and editor Bari Weiss. At the time, it seemed like we would see more people doing what he did — leaving mainstream media, going to digital, and building an audience there. Unless you're Tucker Carlson.

Persons: Tucker Carlson, Megyn Kelly, Bari Weiss, Chris Balfe, we've, Glenn Beck, TheBlaze, Carlson, Kelly, Weiss, Balfe, Beck, Donald Trump, he's, Fox —, Mike Tyson, Jake Paul, we're, Tucker, Joe Rogan, —, He's, Vladimir Putin, Tucker Carlson's, They're, They've, it's Organizations: Fox News, Fox, New York Times, Red, Big Media, Glenn Beck Fox, YouTube, Facebook Locations: TheBlaze, Fox

☆ Who is Jimmy Lai, the Hong Kong media tycoon facing a life sentence in a national security trial?
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.

Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California

☆ Citadel founder Ken Griffin said he would be 'open' to selling a stake in his $65 billion hedge fund
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

AdvertisementCitadel founder Ken Griffin said on Thursday that he's "open" to selling a stake in his hedge fund. Griffin had previously sold a minority stake in his market maker to VC funds Sequoia and Paradigm. BlackRock's potential investment into Izzy Englander's Millennium might have Citadel founder Ken Griffin thinking. Griffin said Sequoia has pushed Citadel Securities' leadership in the boardroom, making them a better company. AdvertisementAs for who he'd want as a minority stakeholder of Citadel, Griffin clearly has a type.

Persons: Ken Griffin, Griffin, Izzy Englander's, Larry Fink, Sam Bankman, he'd, that's, it's, Sequoia Organizations: Citadel, Sequoia, Economic, of New, BlackRock, Millennium, Financial Times, Bloomberg, Citadel Securities, Apple, Nvidia Locations: of New York, York

☆ Eli Manning, Derek Jeter, Jimmy Fallon join TGL New York Golf Club investor group
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Tiger Woods and Rory McIlroy's new golf league, TGL, is getting some fresh star power representing the Big Apple. Cohen Private Ventures, the family office of Steve Cohen, announced on Thursday that Eli Manning, Derek Jeter, CC Sabathia, Michael Strahan, John McEnroe and Jimmy Fallon are joining the New York Golf Club's investor group as limited partners. Cohen, who also owns Major League Baseball's New York Mets, acquired the rights to the New York Golf team last September. TGL is the new primetime, high-tech golf league launched by Woods, McIlroy and Golf Channel executive Mike McCarley. Former New York Yankees star Jeter told CNBC he was drawn to the investment opportunity because it combines his passion for golf and his love of New York.

Persons: Tiger Woods, Rory McIlroy's, Steve Cohen, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Cohen, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, Manning, TGL, Woods, McIlroy, Mike McCarley, Stephen Curry, Shaquille O'Neal, Kevin Durant, Shohei Ohtani, Mike Trout, Josh Allen, Serena Williams, Lewis Hamilton, Jeter, NYGC Organizations: Big Apple, Cohen Private Ventures, New, FedEx, Major League Baseball's New York Mets, New York Golf, CNBC, Former New York Giants, Golf Channel, PGA Tour, ESPN, National Basketball Association, MLB, National Football League, Former New York Yankees Locations: York, Palm Beach , Florida, TGL, New York, New

☆ Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out.
▼ + stars: | 2024-11-21 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The US government's lawyers said Google should be banned from offering "anything of value for any form" of search distribution. For instance, if most people click on the third result for a particular query, Google's search engine will likely adjust and rank that result higher in the future. They know that the search business is mainly about distribution, and Google may not be able to do this now. "We believe Google's default search placements via contractual agreements represent 50%+ of Google's US search queries," he estimated on Thursday. If half of Google's search queries go away, that could threaten the self-reinforcing cycle of user click data improving its results.

Persons: Mark Mahaney, —, Kent Walker Organizations: DOJ, Google, US Department of Justice, Chrome, US, Apple Locations: Google's

Black Friday is still a few weeks away, but early Black Friday Best Buy deals are already here, with notable deals on TVs, laptops, headphones and more. I frequently cover shopping events as a tech reporter for NBC Select, and I’ve been combing through discounts to find the best early Black Friday Best Buy deals actually worth shopping. SKIP AHEAD Best early Black Friday Best Buy deals | How I found the best early Black Friday Best Buy deals | Why trust NBC Select? How I found the best early Black Friday Best Buy dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. For this piece, I researched early Black Friday deals across Best Buy to find notable products across categories like home, audio, TVs and gaming.

Persons: Belkin, Zoe Malin’s, It’s, Smart, Mario, TikTok Organizations: Retailers, Walmart, Home, NBC, Echo, Gaming, Nintendo, Mario Kart, Travel, Giftable Tech, Facebook, Twitter

Black Friday is almost here, and Target is already offering deals on apparel, holiday decor, tech and more that you can shop right now. As an associate reporter for NBC Select, I frequently cover Target deals and sales year round. SKIP AHEAD Best early Black Friday Target deals | More early Black Friday Target sales |Why trust NBC Select? Best early Black Friday Target deals4.8-star average rating from 3,285 reviews at TargetThis Apple iPad is our pick for the best overall tablet due to its functionality and price. Best early Black Friday Target salesHere are the best early Black Friday Target sales to know about.

Persons: ”, Harry Rabinowitz, terry, Rabinowitz, TikTok Organizations: Target, NBC, Garmin, Facebook, Twitter Locations: woofers

☆ Former Hong Kong publisher Jimmy Lai begins to testify in his national security trial
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

HONG KONG — Former Hong Kong publisher Jimmy Lai began testifying Wednesday in his landmark national security trial that is widely seen as a measure of press freedom and judicial independence in the Chinese territory. He is fighting charges of colluding with foreign forces to endanger national security and conspiring with others to issue seditious publications. Lai, 76, faces up to life in prison if convicted under a national security law imposed by Beijing. But critics say that promise has become threadbare under the rubric of maintaining national security. It added that judges remain independent and partial when handling national security cases.

Persons: Jimmy Lai, Lai, Roman Catholic Cardinal Joseph Zen, Anthony Wallace, Mike Pence, Mike Pompeo, William Wong, Wong, Kongers, “, ”, Donald Trump, Xi Jinping, Hong, John Lee, Lai ., Keir Starmer, Xi, Chris Tang, Sebastien Lai, Doughty, Chambers, Jodie Ginsber Organizations: Roman Catholic, Catholic, Apple Daily, Getty, British, Authorities, Prosecutors, Beijing “, U.S, American, United Nations, Capitol, Protect Journalists, Hong Locations: HONG KONG, Hong Kong, Beijing, AFP, United States, U.S, Lai . British, British, Brazil, Hong, Britain, Washington

☆ A bearish options trade on Apple as stock struggles to keep up with broader market
▼ + stars: | 2024-11-20 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Back in late September, I laid out a bearish thesis on Apple and the trade expired last Friday and resulted in a 100% gain. Apple (AAPL) continues to face significant headwinds, with disappointing iPhone 16 sales, growing competition in augmented reality, and underwhelming progress in artificial intelligence (AI). China's slowing economy has weighed heavily on Apple, exacerbating challenges in one of its largest markets. While Apple boasts industry-leading net margins of 24%, its expected EPS growth of 11.6% and revenue growth of 6.9% provide limited justification for this valuation premium. With iPhone sales growth faltering and the lack of a clear catalyst from AI or AR/VR initiatives, AAPL's premium valuation remains increasingly difficult to sustain.

Persons: AAPL Organizations: Apple, Apple Intelligence, Meta, Microsoft, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Jim Cramer says he's feeling even more confident in Apple's future. Here's why
▼ + stars: | 2024-11-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.

Persons: Jim Cramer, Bernstein, Toni Sacconaghi, —, Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia

☆ Microsoft, Apple are the most under-owned megacap tech stocks, poised for a rebound, Morgan Stanley says
▼ + stars: | 2024-11-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Microsoft emerged as the most under-owned megacap stock among institutional investors, signaling a rebound could be on the horizon, according to Morgan Stanley. Morgan Stanley thinks that stocks tend to experience a technical pull higher when active ownership is much lower than their weightings in the S & P 500, and vice versa. The gap between Microsoft's S & P 500 weighting and institutional ownership stood at 2.08% by the end of the third quarter, making it the most under-owned Big Tech name, Morgan Stanley said. After Microsoft, Apple is the second-most under-owned megacap tech stock coming out of the third quarter. On the flip side, the most over-owned tech stock at the end of September is software company Intuit , which could see a technical downward pull soon, according to Morgan Stanley.

Persons: Morgan Stanley, Donald Trump Organizations: Microsoft, Big Tech, Apple, Intuit, Adobe

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