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Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.

Persons: Mike Cavanagh, ” Cavanagh, “, Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, ”, ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal

☆ Nvidia's quarterly report will be 'drop the mic' moment, says Wedbush's Dan Ives
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's quarterly report will be 'drop the mic' moment, says Wedbush's Dan IvesDan Ives, Wedbush Securities global head of technology research, joins CNBC's 'Squawk on the Street' to discuss expectations for Nvidia's earnings, how competitors stand, and more.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ How much of Musk’s wealth comes from tax dollars and government help?
▼ + stars: | 2024-11-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

Government crucial to Musk’s net worthIt’s worthwhile to ask just how much of his world-leading net worth comes from government help over the last 10 to 15 years. Tesla and SpaceX got started – and survived their early days – with assistance from state and federal policies, government contracts and loans. Tesla buyers received federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely for Tesla buyers at the end of 2019. “Take away the subsidies, it will only help Tesla,” Musk posted on his social media platform X in July. According to USASpending.gov, the government database that tracks federal spending, SpaceX has signed contracts worth nearly $20 billion.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, ”, Daniel Ives, SpaceX doesn’t, Tesla’s, Noah Berger, Tesla, Trump, ” Musk, Elon Musk, Frederic J . Brown, Ives, Brandon Bell, USASpending.gov, Casey Dreier, ” Dreier, “ Elon, Dreier, CNN’s Jackie Wattles Organizations: New, New York CNN, SpaceX, Trump, Government, Wedbush Securities, Reuters, Department of Energy, Biden, US, Tesla, Getty, NASA, International Space, Planetary Society Locations: New York, Fremont , California, Hawthorne , California, AFP, Brownsville , Texas, Russia

☆ Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
▼ + stars: | 2024-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales. So if the EV tax credit goes away, the price of all EVs might come down. ‘It will only help Tesla’Musk signaled during the campaign that he would support ending the EV tax credit, even if raised the cost of Tesla purchases for American buyers. But the rest of the auto industry wants to keep the tax credit in place. He said that Tesla’s pricing and scale in the EV space “is an apples to oranges when compared to the rest of the auto industry once the EV tax credit disappears.”

Persons: Trump, Elon Musk, Donald Trump’s, Tesla, “, ”, Donald Trump, Jim Watson, Joe Biden’s, Biden, Garrett Nelson, Nelson, Dan Ives Organizations: New, New York CNN, Tesla, EV, Motors, Ford, Alliance, Automotive Innovation, Global, Real, Republican, Reuters, Trump, CNN, CFRA Research, “, Wedbush Securities Locations: New York, Butler , Pennsylvania, AFP, “, Detroit

☆ How Elon Musk’s worst business decision led him to Trump
▼ + stars: | 2024-11-13 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader. Tesla, Musk’s most valuable company, in recent years has struggled to maintain its dominance of the electric vehicle market. Of course, that’s if Trump and Musk remain on good terms. And no matter how much power and influence Musk could yield, Trump will hold the ultimate trump card: He’ll be president.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, Tesla, Trump, ”, Dan Ives, Ives, “, it’s, ” Ives, He’ll Organizations: New, New York CNN, SpaceX, Boring, EV, Wedbush Securities, Trump White House, Tesla, Trump, Bloomberg, Boeing, Fidelity, Twitter Locations: New York, China

☆ What Trump tariffs could mean for AI darling Nvidia
▼ + stars: | 2024-11-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Wall Street is questioning how potential tariffs on imports under a Trump administration could affect artificial intelligence darling Nvidia and the broader industry . Earlier this year, Trump accused Taiwan of stealing the chipmaking business from the U.S. and said he would impose tariffs as president. NVDA 5D mountain Shares over the last week If the administration implements tariffs, Ives believes Nvidia could gain some workaround given its integral status. That could come in the form of excluding some of its next AI chips and graphics processing units from the tariff wave expected in spring 2025. Many investors also view Trump as a proponent of AI innovation.

Persons: Trump, Kamala Harris, Joe Biden, Jensen Huang, Dan Ives, Ives, Hua Cheng, Elon Musk, Musk, Mizuho's Jordan Klein Organizations: U.S, Taiwan Semiconductor Manufacturing, NVIDIA, Nvidia, Wedbush Securities, Bank of, Blackwell Locations: Taiwan, U.S, Mirova

☆ Higher coffee prices are likely episodic, says Wedbush's Nick Setyan
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher coffee prices are likely episodic, says Wedbush's Nick SetyanNick Setyan, Wedbush Securities managing director, joins CNBC's 'Power Lunch' to discuss how coffee's high trading price is impacting coffee chains, where Starbucks and Dutch Bros have advantages, and more.

Persons: Nick Setyan Nick Setyan Organizations: Wedbush Securities, Starbucks, Dutch Bros

☆ Musk's bet on Trump is already paying off for Tesla
▼ + stars: | 2024-11-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.

Persons: Elon Musk, —, Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China

☆ Tesla could reach $1 trillion in market cap under a Trump win, says analyst Dan Ives
▼ + stars: | 2024-11-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A possible Trump victory could spell massive gains for Tesla over the coming months, according to Wedbush Securities' Dan Ives. The analyst thinks the electric vehicle maker can pass the $1 trillion market cap threshold if the Republican nominee comes out on top in the U.S. presidential election. "This could ultimately add $40 to $50 per share to Tesla's stock right off the bat, and we could now be talking about a $1 trillion [or] $1.5 trillion market cap for Tesla." Tesla, which is up just 1% for the year, has a market cap of $807.1 billion through Tuesday's close. "Ultimately, I think Tesla is the most undervalued AI name in the market," he also said.

Persons: Tesla, Dan Ives, Kamala Harris, Ives, Trump, Musk Organizations: Trump, Wedbush Securities, Republican, U.S, NBC, Electoral College

☆ Elon Musk's big bet on Trump is a home run for Tesla, says Wedbush's Dan Ives
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's big bet on Trump is a home run for Tesla, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on Tesla following Donald Trump's election victory, what a Trump administration could mean for the electric vehicle landscape, and more.

Persons: Wedbush's Dan Ives Dan Ives, Donald Trump's, Trump Organizations: Elon, Trump, Tesla, Wedbush Securities

☆ Elon Musk bet big on Trump. Here’s what he stands to gain — and lose — from his win
▼ + stars: | 2024-11-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.

Persons: Donald Trump’s, Elon, Trump, Musk, He’s, ”, Daniel Ives, Tesla, Kamala Harris, “, Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, —, Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ How tech stocks could fare under a Harris or Trump administration
▼ + stars: | 2024-11-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.

Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington

☆ Apple's China headache isn't going away anytime soon
▼ + stars: | 2024-11-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Greater China is a key market for Apple, with new AI features expected to roll out in April. It also rolled out its highly-anticipated Apple Intelligence software in the US in English on Monday. While consumers may be buying the newest iPhones in Greater China, they'll have to wait until April for Apple Intelligence to launch in Chinese, however. However, competition is stiff, and Apple Intelligence still needs time to prove itself. It'll take months to know for certain if AI can move the needle for Apple in Greater China.

Persons: Apple, —, Tim Cook, Jacob Bourne, It'll Organizations: Apple, Baidu, Service, Apple Intelligence, Huawei, Xiaomi, Business, Wedbush Securities Locations: Greater China, China, EMARKETER

☆ Trump’s social media stock plunges 20%, flirting with its worst day since going public
▼ + stars: | 2024-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged about 20% on Wednesday afternoon. If Trump Media finishes with a loss of more than 21%, it would qualify as its worst one-day loss since going public in March. Trump Media did not release any major news that would explain the nosedive. Trump Media’s stock has been extraordinarily volatile all year.

Persons: Donald Trump’s, It’s, “, ” Dan Ives, ” Matthew Tuttle, Wednesday’s selloff, ” Tuttle Organizations: New, New York CNN, Social, Trump Media & Technology, Trump Media, Trump, White, Elon Musk, CNN, CBS, Paramount Global, GameStop, Wedbush Securities, Tuttle Capital Management Locations: New York

☆ Wall Street is bullish on Amazon earnings despite uncertainty around consumer spending, rising investment costs
▼ + stars: | 2024-10-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +7 min

CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.

Persons: —, Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities

☆ Apple Intelligence is finally here for some as part of the iOS 18.1 software update
▼ + stars: | 2024-10-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Apple rolled out long-awaited AI features to some iPhone and other users with its iOS 18.1 update. The new software is officially available on iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, months after the tech giant first announced Apple Intelligence at the Worldwide Developers Conference. These are the Apple Intelligence features out nowApple Intelligence was revealed at Apple WWDC 2024. AdvertisementWith iOS 18.1, Apple said Siri can field typed requests, answer "thousands of questions" about Apple products, and understand context better. AppleTo ensure they get the features, iPhone owners must join a waitlist to request activation of Apple Intelligence.

Persons: Dan Ives, —, Siri, Apple, There's, Tim Cook Organizations: Apple, Apple Intelligence, Service, Sequoia, Worldwide, Wedbush Securities Locations: Australia, Canada, New Zealand, South Africa

☆ Apple's September quarter will be better than expected, says Wedbush director Dan Ives
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's September quarter will be better than expected, says Wedbush director Dan IvesDan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss concerns around iPhone 16 demand, Ives' thought on Apple's different 'supercycles', and much more.

Persons: Dan Ives Dan Ives, Ives Organizations: Wedbush Securities

☆ Amazon's satellite spending has investors on edge. The payoff may be worth the wait
▼ + stars: | 2024-10-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon

Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's

☆ Apple’s iPhone AI debuts today. Here’s what to expect
▼ + stars: | 2024-10-28 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.

Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, “, Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England

☆ Tesla ends the week on a high fueled by earnings 'surprise'
▼ + stars: | 2024-10-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."

Persons: Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay

☆ Q3 Earnings: Welcome to the ‘show me the money’ quarter
▼ + stars: | 2024-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

In what some analysts are calling the “show me the money” quarter, most of the major US tech titans will report earnings during Halloween week. “Tech companies have been spending billions on AI like kids in a candy store,” said David Laut, chief investment officer at Abound Financial. “Now investors want to see what they’re getting for their money.”Earnings season for tech got off to a strong start Wednesday evening when Tesla surprised Wall Street with better-than-expected earnings. The results sent Tesla’s shares surging more than 11% in after-hours trading, potentially setting a positive tone for next week’s parade of tech earnings. But there’s more spooking Wall Street than just tech earnings.

Persons: ”, David Laut, Tesla, Tesla’s, Jim Reid, Dan Ives Organizations: New, New York CNN, Google, Microsoft, Meta, Apple, Nvidia, “ Tech, “, ChatGPT, Reserve, Deutsche, Wedbush Securities Locations: New York, Canada, France

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ Any other CEO would have been fired for what Elon Musk just said
▼ + stars: | 2024-10-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Musk later deleted his X post that called the interview “very interesting” and “worth watching,” per the Independent. Musk rarely deletes his social media posts, no matter how inflammatory. Musk is the single biggest individual shareholder at Tesla, the only publicly traded business he owns. Litigation is a key part of the Musk playbook when it comes to any person or group challenging him or his businesses. Angry at advertisers for leaving his Nazi-tolerating social media site, Musk sued a nonprofit ad group out of existence.

Persons: CNN Business ’, Tweeting, ICYMI, Elon Musk, Musk, Hitler, Tucker Carlson’s, Winston Churchill, ”, Tesla, —, Kimbal Musk, Kathaleen McCormick, MAGA, it’s, ” Dan Ives, “, Grimes Organizations: CNN Business, New York CNN, Spiegel, Nazi, Independent ., Tesla, CNN, Trump, Wedbush Securities, SpaceX, NASA, Space, Boeing Locations: New York, Delaware, California

☆ Apple is reportedly pumping the brakes on Vision Pro production
▼ + stars: | 2024-10-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported. AdvertisementApple is reportedly reducing Vision Pro production, but that doesn't mean it's out of the headset game. Especially if the reports of Apple working on a lower-cost version of the Vision Pro are true. Related stories"This is all heading toward a lower-cost Vision Pro with more features that can scale," Ives said. The Vision Pro was released in February, and few, if any, apps have taken off in popularity.

Persons: William Kerwin, Apple, —, Apple hasn't, Apple didn't, Jacob Bourne, EMARKETER, Tim Cook, it's, Cook, Tim Cook's, Dan Ives, Ives, Kerwin, Ming, Chi Kuo, Apple's, Bourne Organizations: Service, Apple, Business, Wall Street Journal, Vision, Morningstar . Tech, Wedbush Securities, Bloomberg Locations: Luxshare

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