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Alef CEO: 2025 target for flying car 'actually pretty realistic'
  + stars: | 2024-03-01 | 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 EmailAlef CEO: 2025 target for flying car 'actually pretty realistic'Jim Dukhovny, CEO and co-founder of U.S. startup Alef Aeronautics, says the company has reached 2,850 preorders for its flying car, and is still on track for the end of 2025 to begin production.
Persons: Jim Dukhovny Organizations: Email Alef, U.S, Alef Aeronautics
Business Insider asked florists about mistakes people make when buying flowers. AdvertisementAhead of Valentine's Day, Business Insider asked florists to share mistakes people make when buying and ordering bouquets. Colleen McGing , a floral and event designer, told Business Insider that consumers might get a better value by trusting the pros. “Florists aren’t equal, so it’s important to read reviews, look for certifications, and ensure a florist’s professionalism and reliability before ordering,” he told BI. Factor in hidden costs and delivery fees when ordering flowers onlineWhen ordering flowers online, beware of add-on costs that can make an arrangement cost significantly more than you'd think.
Persons: , florists, aren't, Colleen McGing, , McGing, Igor Podyablonskiy, Podyablonskiy, Elena Noviello, Rachel Cho, Cho, Alexander Spatari, premade, ” McGing Organizations: Service, Business, Research
Brilliant Labs — a Singapore-based startup funded by the creator of Pokemon Go — just released Frame, a $350 pair of non-prescription glasses powered by a multimodal AI assistant called Noa. The glasses project visuals and information directly onto the lenses, so wearers can prompt them with requests for information about almost everything they see or hear. Frame projects visuals and information directly onto the lenses of the glasses. Similarly, the glasses can query both available live web sources and GPT-4 for nutritional information, Tavangar said. The AI startup Humane launched a nearly $700 Ai Pin in November that combines voice command with AI to answer questions, summarize texts, translate languages, and play music.
Persons: , Noa, they’re, John Lennon, Steve Jobs, Gandhi, Justin Sullivan, OpenAI’s, Bobak Tavangar, Tavangar, ” Tavangar, Pin Organizations: Service, Business, Staff, Labs, buzzy Locations: Singapore
YouTube seemingly wants to create an app on Apple's Vision Pro. On Monday, the company suggested to The Verge that a Vision Pro app was also on the cards. AdvertisementYouTube has said an app for Apple's Vision Pro is "on our roadmap." We do not have any specific plans to share at this time, but can confirm that a Vision Pro app is on our roadmap." AdvertisementWhile preorders for the Vision Pro reportedly exceeded analysts' estimates, some have expressed concerns about the headset's hefty price tag and niche audience.
Persons: , Jessica Gibby, Gibby, TF International Securities analyst Ming, Chi Kuo Organizations: YouTube, Service, Vision, Business, Netflix, Spotify, Bloomberg, Vision Pro, TF International Securities analyst, Apple's Vision Pro
Read previewDid you forget the passcode to your Apple Vision Pro? "Is there a method to reset the Vision Pro when the login password is forgotten?" Apple didn't immediately respond when asked if a future software update would allow Vision Pro users to reset their passcode on their own. These issues with the Vision Pro appear to be the first ones that have come to light since Apple's splashy release. AdvertisementAround 200,000 Vision Pro headsets were reportedly sold when preorders opened in mid-January.
Persons: , Reddit, Apple didn't, Insider's, Jordan Hart, preorders Organizations: Service, Apple Vision, Apple, Bloomberg, Business, Vision, Pro
The future for Apple's Vision Pro looks promising despite Wall Street's muted enthusiasm. Wall Street doesn't expect the Vision Pro to drive a ton of revenue at first though. Bank of America estimates the Vision Pro could add 46 cents per share to earnings-per-share (EPS) within the next five years. "We tested the Vision Pro and walked away positively from the overall extremely unique and immersive experience," BofA analysts wrote in a Monday research note. While it'll take time, the Vision Pro has the potential to boost sales and earnings in the future.
Persons: Jim Cramer, Todd Haselton, Morgan Stanley, Apple's, It's, Jim, Haselton, Chi Kuo, preorders, Kuo, Apple, Jim Cramer's, Tim Cook, Brendan McDermid Organizations: Apple's, UBS, Bank of America, Vision, Apple, Pro, Hollywood, Apple Watch, International Securities, Vision Pro, CNBC Locations: U.S, Manhattan, New York City
Apple's new Vision Pro hits stores Friday amid a wave of optimism from the company. When asked about the price tag, Apple CEO said the device includes 5,000 patents. The Apple Vision Pro hits stores Friday, marking the company's first major product launch in years. The Vision Pro has two Apple Silicon chips and 600 new apps and games available. AdvertisementAlready, companies such as Walmart and Nike are looking into uses for the Vision Pro for their customers or employees, Apple's CFO Luca Maestri said Thursday.
Persons: , Tim Cook, preorders, Cook, Luca Maestri Organizations: Apple, Service, Walmart, Nike, Vision Pro
🥹🥹🥹 what a day can’t believe Vision Pro is out pic.twitter.com/p0JCkuZ7Z1 — Linda Dong 🥽 (@lindadong) February 2, 2024The excitement grew as Apple Store visitors tried the Vision Pro. AdvertisementWent to Apple Store to do the Vision Pro demo and I can’t articulate what exactly I just saw. @peach.mcintyre COME WITH PEACH 🍑 TO THE APPLE STORE TO DO A FREE DEMO OF THE APPLE VISION PRO: APPLE PRO REVIEW ♬ original sound - Peach.McIntyreBut not everyone expressed total enthusiasm for the headset. Opinions on the weight of the Apple Vision Pro — which some early testers complained crushed their face — varied. Whether or not those who demoed the Vision Pro in-store ended up purchasing their own, customer interest in Apple's flashy product seems to be strong.
Persons: , techies, Du, flo o, Hal l, arie, ava Organizations: Service, Vision, Apple, Business Locations: SION, sion
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Apple Vision Pro — the tech behemoth's highly anticipated mixed-reality headset — hit the market on Friday. In Apple's words, it's a "revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment." While preorders for the Apple Vision Pro were reportedly snapped up almost instantly — despite mixed reviews from early users of the headset — that's still a lot of money. Here are five of the latest headsets that offer a more affordable alternative to Apple's Vision Pro right now:
Persons: Organizations: Service, Business, Apple Vision, Vision
Apple will report earnings after the bell
  + stars: | 2024-02-01 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
Apple reports fiscal first-quarter earnings after the bell. Investors will be closely watching to see if Apple guides to growth again in the current quarter. Some analysts believe Apple's iPhone revenue may look good in a soft market quarter, outperforming rivals that are also seeing weak demand. But a strong quarter of iPhone sales over the holiday season could mean a seasonally weak March quarter. "We remain comfortable with our current assumption of muted uptake for the device under 1% of Apple sales this year and next," Rosenblatt analyst Barton Crockett wrote in a note Wednesday.
Persons: Tim Cook, Samik Chatterjee, Apple hasn't, Apple, Morgan Stanley, Erik Woodring, IPhones, Chatterjee, Rosenblatt, Barton Crockett Organizations: Apple, Management, Vision, JPMorgan, Apple Watch, Huawei, Amazon, Apple's, CNBC PRO Locations: Cupertino , California, China, F1Q24, U.S, F4Q, C4Q
Microsoft is bringing a full suite of Office apps to Apple's Vision Pro. AdvertisementMicrosoft is bringing a full suite of Office apps to Apple's Vision Pro. The tech giant said programs including Microsoft Word, Excel, and PowerPoint would be available on Apple's new tech on its launch day. In a blog post, the company also said its new everyday AI companion, Copilot, would be available for users. Microsoft, however, is making all its productivity apps, including its workplace platform Teams, available for Apple users.
Persons: , Preorders, TF International Securities analyst Ming, Chi Kuo Organizations: Microsoft, Vision, Service, Apple, Apple Vision, TF International Securities analyst, Netflix
Generative AI, as expected, was a big focus of the earnings call. He also noted the company's advanced virtual assistant, Meta AI, was made fully available in the U.S. by the end of 2023, and the firm is testing more than a dozen other generative AI features. But investors across the tech industry are increasingly wondering when all the spending on generative AI will translate to revenue – and that's no different for Meta. Nevertheless, Li said Meta's suite of generative AI tools for advertisers is its biggest near-term monetization opportunity. Further down the road, Li indicated that business messaging is another compelling opportunity to make money from generative AI.
Persons: Mark Zuckerberg's, Meta, Zuckerberg, Susan Li, Mark Zuckerberg, Li, EssilorLuxottica, Jim Cramer, Ray, Meta's, it's, Jim Cramer's, Jim, Justin Sullivan Organizations: Revenue, LSEG, Meta, Reality Labs, Daily, Facebook, Management, Quest, VR, Apple, Vision, UBS, Pro, CNBC Locations: , Instagram, U.S, Menlo Park , California
Apple has already sold around 200,000 Vision Pro headsets, MacRumors reported. Apple's Vision Pro officially launches in the US on February 2. AdvertisementApple has sold around 200,000 Vision Pro headsets since preorders opened, MacRumors reported, citing a source familiar with the company's sales numbers. The Vision Pro is Apple's first new product category since it announced the Apple Watch in 2014. AdvertisementApple is set to embark on its biggest hardware launch in a decade with the Vision Pro.
Persons: , MacRumors, Min, Chi Kuo, Kuo Organizations: Apple, Vision Pro, Service, TF International Securities, Business, Apple Watch
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
After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. The iPhone captured a firm-record 17.3% market share in China last year, according to the International Data Corporation's quarterly phone tracker report . 1 spot in China, Apple made the rare move of offering limited-time iPhone 15 discounts there during this month. Last week, IDC crowned Apple as the biggest smartphone maker in the world , dethroning Samsung for the first time ever. And, just about two weeks ago, we reported that the Street hadn't been this cautious on Apple stock in years.
Persons: Apple, Arthur Guo, Piper Sandler, Apple's, Goldman Sachs, we're, Jim Cramer, Tim Cook, Apple —, Jim, that's, Preorders, Jim Cramer's, Berke Bayur Organizations: Huawei, Vivo, Apple, IDC, Samsung, Barclays, Redburn, Club, Microsoft, Bank of America, Big Tech, CNBC, U.S, Getty Images, Anadolu, Getty Locations: China, India, Indonesia, Brazil, ANKARA, TURKIYE, Ankara, Turkiye, Anadolu
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Investors tend to assign a premium to software revenue because it is often recurring and higher margin than hardware. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, downgrades, preorders, we've, Jim said, Salesforce, Baird, Dupont De, Dupont, Walt Disney, Nelson Peltz, Estee Lauder, Fabrizio Freda, We've, he's, it's, Locker, Mary, Vimal Kapur, Eli Lilly, Lilly, Meta's Ray, Morgan Stanley, Ted Pick, James Gorman, , chipmaker, It's, hasn't, Stanley Black, Decker, Wells, Charlie Scharf, We'll, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, mojo, Vision Pro, Broadcom, VMWare, Bausch Health, Caterpillar, Dupont, Costco Wholesale, Coterra Energy, Dupont De Nemours, Disney, Eaton Corp, Ford, Holding, Federal Reserve, GE Healthcare, Wall, Google, Honeywell, Boeing, Airbus, Linde, Facebook, Microsoft, Nvidia, Alto Networks, Palo Alto, Procter & Gamble, Constellation Brands, Modelo, TJX, Wynn Resorts, We've, Wynn, Jim Cramer's Charitable Locations: China, Indonesia, Brazil, India, U.S, Shenzhen, We're, Eaton, Ford, That's, Palo, Palestine, Wells Fargo, Wynn, Macau
Apple 's Vision Pro quickly sold out after preorders for it opened Friday, but early signs could mean demand is waning, according to top Apple analyst Ming-Chi Kuo of TF International Securities. He estimated that Apple sold 160,000 to 180,000 Vision Pro units over the weekend. "Popular iPhone models also sell out immediately upon pre-order, and shipping times typically increase to several weeks within hours," Kuo wrote. Kuo wrote in his blog that it "should not be challenging" for Apple to ship 500,000 Vision Pro units in total this year. "Right now, Vision Pro is still a very niche product," Kuo wrote.
Persons: Ming, Chi Kuo, preorders, Kuo, Morgan Stanley Organizations: Apple, International Securities . Shipping, Vision, Vision Pro, Pro
Repairs to the Apple Vision Pro will be expensive. Without the company's AppleCare+ insurance policy, fixes can cost up to $2,399. AdvertisementApple Vision Pro repairs could get pricey. Apple Vision Pro repairs could get expensive without an insurance policy. AppleEven with the AppleCare+ policy — which costs $499 for two years of coverage or $24.99 per month — the repairs would cost about $299, according to Apple.
Persons: , you'll, preorders, Tim Cook Organizations: Apple Vision, Service, Vision, Apple, Pro, Apple Watch
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The analysts said that buy-side expectations for the iPhone maker are below consensus, meaning in-line quarterly results could be solid enough to drive Apple shares higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Dow, Mark Zuckerberg, Eaton, Goldman Sachs, preorders, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Big Tech, Meta, Nvidia, Broadcom, VMware, Goldman, Apple, Vision
A new video from Apple CEO Tim Cook offers a glimpse into the making of the Vision Pro. The mixed-reality headset is launching in the US on February 2, and preorders opened Friday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementYou can't get your hands on the Apple Vision Pro yet, but you can get a closer look at how it was made. Apple CEO Tim Cook on Friday shared a behind-the-scenes video showing glimpses of the manufacturing process for the company's new $3,500 mixed-reality headset.
Persons: Tim Cook, preorders, Organizations: Apple, Vision, Service, Apple 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
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
Apple's Vision Pro became available to preorder on Friday at 8 a.m. AdvertisementPreorders launched for Apple's new Vision Pro early Friday morning, and it looks like customers were eager to snap up the first available units. The Vision Pro, with its sky-high price tag, was always expected to be a smaller launch than something like the newest iPhone. Earlier this month, analyst and Apple supply chain expert Ming-Chi Kuo predicted that the company would produce only 60,000 to 80,000 Vision Pro units for the initial launch. "Since the shipment is not large, I believe that Vision Pro will sell out soon after the release," Kuo wrote on X.
Persons: , Preorders, Chi Kuo, Kuo, You'll Organizations: Apple, Service, Pro, Vision
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
Samsung's new lineup includes the Galaxy S24, Galaxy S24 Plus, and Galaxy S24 Ultra. SamsungThe base Galaxy S24 starts at $799.99, the Galaxy S24 Plus at $999.99, and the Galaxy S24 Ultra at $1,299.99. AdvertisementSamsung Galaxy S24: New featuresSamsung brought several new features and updates to its Galaxy S24 lineup. The base Galaxy S24 model is now 6.2 inches instead of 6.1, and the Galaxy S24 Plus is now 6.7 inches rather than 6.6 inches. The base Galaxy S24 and Galaxy S24 Plus also got a slight redesign with less rounded, more rectangular edges.
Organizations: Samsung, Galaxy, Qualcomm, Google, Verizon, Galaxy Ultra lineup's
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